AppFolio (NASDAQ:APPF) Shares Up 4.1% - Should You Buy?

Shares of AppFolio, Inc. (NASDAQ:APPF - Get Free Report) rose 4.1% on Tuesday . The stock traded as high as $228.71 and last traded at $229.64. Approximately 162,849 shares changed hands during mid-day trading, a decline of 39% from the average daily volume of 266,255 shares. The stock had previously closed at $220.60.

Analysts Set New Price Targets

Several research firms recently weighed in on APPF. KeyCorp cut shares of AppFolio from an "overweight" rating to a "sector weight" rating and set a $253.00 target price for the company. in a research note on Friday, January 10th. Stephens restated an "overweight" rating and set a $295.00 target price on shares of AppFolio in a report on Friday, January 31st. William Blair reissued an "outperform" rating on shares of AppFolio in a report on Friday, January 31st. Finally, Piper Sandler reaffirmed a "neutral" rating and issued a $265.00 target price on shares of AppFolio in a research report on Friday, January 31st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $276.29.

AppFolio Trading Down 1.7 %

The stock's 50 day moving average is $225.38 and its 200 day moving average is $232.48. The stock has a market capitalization of $8.06 billion, a price-to-earnings ratio of 39.87 and a beta of 0.89.

AppFolio (NASDAQ:APPF - Get Free Report) last released its quarterly earnings results 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%. On average, sell-side analysts anticipate that AppFolio, Inc. will post 3.96 EPS for the current year.

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Insiders Place Their Bets

In other news, CEO William Shane Trigg sold 3,501 shares of AppFolio stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $217.27, for a total transaction of $760,662.27. Following the sale, the chief executive officer now owns 83,824 shares of the company's stock, valued at approximately $18,212,440.48. The trade was a 4.01 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Alexander Wolf purchased 9,678 shares of the business's stock in a transaction dated Thursday, February 13th. The shares were bought at an average price of $214.81 per share, with a total value of $2,078,931.18. Following the purchase, the director now directly owns 3,226 shares of the company's stock, valued at approximately $692,977.06. The trade was a -150.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 5.24% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its holdings in AppFolio by 3.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 161,278 shares of the software maker's stock worth $37,965,000 after buying an additional 5,077 shares during the period. Captrust Financial Advisors boosted its stake in shares of AppFolio by 183.3% in the 3rd quarter. Captrust Financial Advisors now owns 4,374 shares of the software maker's stock worth $1,030,000 after buying an additional 2,830 shares during the last quarter. Advisors Asset Management Inc. boosted its stake in AppFolio by 56.6% during the third quarter. Advisors Asset Management Inc. now owns 390 shares of the software maker's stock valued at $92,000 after buying an additional 141 shares during the last quarter. South Dakota Investment Council boosted its holdings in shares of AppFolio by 94.4% in the fourth quarter. South Dakota Investment Council now owns 3,500 shares of the software maker's stock valued at $864,000 after purchasing an additional 1,700 shares during the period. Finally, SYM FINANCIAL Corp purchased a new stake in shares of AppFolio during the fourth quarter valued at $292,000. Institutional investors and hedge funds own 85.19% of the company's stock.

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.