AppFolio, Inc. (NASDAQ:APPF) Receives $261.75 Average PT from Analysts

AppFolio, Inc. (NASDAQ:APPF - Get Free Report) has received an average rating of "Moderate Buy" from the eight brokerages that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating and seven have assigned a buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $261.75.

Several research firms recently weighed in on APPF. KeyCorp dropped their price objective on shares of AppFolio from $300.00 to $252.00 and set an "overweight" rating for the company in a research report on Friday. Piper Sandler dropped their target price on shares of AppFolio from $300.00 to $265.00 and set an "overweight" rating for the company in a research report on Friday. DA Davidson upped their target price on shares of AppFolio from $285.00 to $300.00 and gave the company a "buy" rating in a research report on Friday, July 26th. JPMorgan Chase & Co. upped their target price on shares of AppFolio from $260.00 to $328.00 and gave the company an "overweight" rating in a research report on Wednesday, July 17th. Finally, StockNews.com cut shares of AppFolio from a "buy" rating to a "hold" rating in a research report on Thursday, August 22nd.

AppFolio Stock Down 0.9 %

APPF stock traded down $1.97 during trading on Monday, hitting $210.37. The company had a trading volume of 337,934 shares, compared to its average volume of 281,985. The firm has a 50-day moving average price of $223.32 and a 200-day moving average price of $230.91. AppFolio has a 12 month low of $164.29 and a 12 month high of $274.56. The stock has a market cap of $7.62 billion, a price-to-earnings ratio of 101.63 and a beta of 0.81.

AppFolio (NASDAQ:APPF - Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The software maker reported $1.29 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.26. AppFolio had a net margin of 17.32% and a return on equity of 27.39%. The firm had revenue of $206.00 million during the quarter, compared to analysts' expectations of $199.11 million. During the same quarter in the previous year, the company posted $0.26 EPS. AppFolio's revenue was up 24.5% on a year-over-year basis. Equities analysts expect that AppFolio will post 3.04 EPS for the current year.

Insider Activity at AppFolio

In related news, CEO William Shane Trigg sold 3,501 shares of the company's stock in a transaction on Friday, August 16th. The shares were sold at an average price of $218.98, for a total value of $766,648.98. Following the completion of the transaction, the chief executive officer now directly owns 81,699 shares of the company's stock, valued at approximately $17,890,447.02. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO William Shane Trigg sold 3,501 shares of the company's stock in a transaction on Friday, August 16th. The shares were sold at an average price of $218.98, for a total value of $766,648.98. Following the completion of the transaction, the chief executive officer now directly owns 81,699 shares of the company's stock, valued at approximately $17,890,447.02. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Maurice J. Duca sold 1,296 shares of the company's stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $236.77, for a total transaction of $306,853.92. Following the completion of the transaction, the insider now directly owns 9,383 shares of the company's stock, valued at approximately $2,221,612.91. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 17,652 shares of company stock worth $4,053,818 in the last quarter. Corporate insiders own 9.15% of the company's stock.

Hedge Funds Weigh In On AppFolio

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Blue Trust Inc. grew its holdings 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 buying an additional 54 shares in the last quarter. GAMMA Investing LLC grew its holdings in AppFolio by 589.5% in the 2nd quarter. GAMMA Investing LLC now owns 131 shares of the software maker's stock valued at $32,000 after buying an additional 112 shares in the last quarter. CWM LLC grew its holdings in AppFolio by 238.6% in the 2nd quarter. CWM LLC now owns 149 shares of the software maker's stock valued at $36,000 after buying an additional 105 shares in the last quarter. Advisors Asset Management Inc. grew its holdings in AppFolio by 291.3% in the 1st quarter. Advisors Asset Management Inc. now owns 180 shares of the software maker's stock valued at $44,000 after buying an additional 134 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in AppFolio by 688.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 213 shares of the software maker's stock valued at $52,000 after buying an additional 186 shares in the last quarter. Institutional investors own 62.34% of the company's stock.

About AppFolio

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.