AppFolio, Inc. (NASDAQ:APPF) Short Interest Down 5.7% in January

AppFolio, Inc. (NASDAQ:APPF - Get Free Report) saw a large decline in short interest in the month of January. As of January 15th, there was short interest totalling 485,300 shares, a decline of 5.7% from the December 31st total of 514,900 shares. Based on an average daily trading volume, of 220,600 shares, the short-interest ratio is currently 2.2 days.

Analysts Set New Price Targets

APPF has been the subject of several recent analyst reports. Piper Sandler reiterated a "neutral" rating and set a $265.00 price objective on shares of AppFolio in a research note on Friday, January 31st. Stephens restated an "overweight" rating and set a $295.00 target price on shares of AppFolio in a research note on Friday, January 31st. Keefe, Bruyette & Woods downgraded AppFolio from a "market perform" rating to an "underperform" rating and lowered their price target for the stock from $255.00 to $193.00 in a report on Tuesday, October 15th. KeyCorp downgraded shares of AppFolio from an "overweight" rating to a "sector weight" rating and set a $253.00 price objective on the stock. in a report on Friday, January 10th. Finally, William Blair reissued an "outperform" rating on shares of AppFolio in a research report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $276.29.

AppFolio Stock Performance

NASDAQ APPF traded down $1.14 during mid-day trading on Wednesday, reaching $230.59. 426,062 shares of the stock were exchanged, compared to its average volume of 298,055. AppFolio has a 1 year low of $189.01 and a 1 year high of $274.56. The business's 50 day moving average is $253.09 and its 200-day moving average is $235.00. The company has a market capitalization of $8.38 billion, a P/E ratio of 41.55 and a beta of 0.88.

AppFolio (NASDAQ:APPF - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The software maker reported $0.58 EPS for the quarter, missing analysts' consensus estimates of $0.92 by ($0.34). AppFolio had a net margin of 25.69% and a return on equity of 26.21%. Equities analysts predict that AppFolio will post 4.21 earnings per share for the current fiscal year.

Insider Buying and Selling at AppFolio

In other AppFolio news, CEO William Shane Trigg sold 3,500 shares of the firm's stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $229.85, for a total transaction of $804,475.00. Following the transaction, the chief executive officer now owns 74,327 shares of the company's stock, valued at approximately $17,084,060.95. This trade represents a 4.50 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Matthew S. Mazza sold 5,090 shares of AppFolio stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $236.24, for a total transaction of $1,202,461.60. Following the transaction, the insider now directly owns 28,266 shares in the company, valued at approximately $6,677,559.84. The trade was a 15.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 24,606 shares of company stock valued at $5,958,832 in the last three months. Company insiders own 5.24% of the company's stock.

Institutional Investors Weigh In On AppFolio

Institutional investors have recently bought and sold shares of the company. Blue Trust Inc. raised its stake in AppFolio by 85.7% in the 3rd quarter. Blue Trust Inc. now owns 117 shares of the software maker's stock valued at $29,000 after purchasing an additional 54 shares during the last quarter. UMB Bank n.a. lifted its position in AppFolio by 193.0% during the fourth quarter. UMB Bank n.a. now owns 167 shares of the software maker's stock worth $41,000 after buying an additional 110 shares in the last quarter. Arcadia Investment Management Corp MI purchased a new stake in AppFolio in the 4th quarter valued at $50,000. Northwestern Mutual Wealth Management Co. raised its holdings in shares of AppFolio by 688.9% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 213 shares of the software maker's stock worth $52,000 after acquiring an additional 186 shares during the period. Finally, Quarry LP boosted its position in shares of AppFolio by 147.9% during the 2nd quarter. Quarry LP now owns 238 shares of the software maker's stock valued at $58,000 after acquiring an additional 142 shares during the last quarter. 85.19% of the stock is currently owned by institutional investors and hedge funds.

AppFolio Company Profile

AppFolio, Inc, together with its subsidiaries, provides cloud business management solutions for the real estate industry in the United States. The company provides a cloud-based platform that enables users to automate and optimize common workflows; tools that assist with leasing, maintenance, and accounting; and other technology and services offered by third parties.