AppFolio (NASDAQ:APPF - Get Free Report)'s stock had its "overweight" rating restated by equities research analysts at Stephens in a note issued to investors on Friday,Benzinga reports. They presently have a $295.00 price target on the software maker's stock. Stephens' price target would suggest a potential upside of 27.30% from the stock's previous close.
Other research analysts have also recently issued research reports about the stock. Piper Sandler restated a "neutral" rating and set a $265.00 target price on shares of AppFolio in a research note on Friday. Keefe, Bruyette & Woods downgraded AppFolio from a "market perform" rating to an "underperform" rating and lowered their price objective for the company from $255.00 to $193.00 in a research report on Tuesday, October 15th. Finally, KeyCorp cut AppFolio from an "overweight" rating to a "sector weight" rating and set a $253.00 target price for the company. in a research report on Friday, January 10th. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $276.29.
Read Our Latest Analysis on AppFolio
AppFolio Trading Down 2.8 %
NASDAQ APPF traded down $6.77 on Friday, hitting $231.73. 316,545 shares of the company traded hands, compared to its average volume of 296,402. The business's 50 day moving average price is $253.57 and its 200-day moving average price is $235.22. The company has a market capitalization of $8.42 billion, a price-to-earnings ratio of 41.75 and a beta of 0.88. AppFolio has a 52-week low of $189.01 and a 52-week high of $274.56.
AppFolio (NASDAQ:APPF - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The software maker reported $0.58 earnings per share (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%. As a group, sell-side analysts predict that AppFolio will post 4.21 earnings per share for the current year.
Insider Transactions at AppFolio
In other news, Director Scanlan Agnes Bundy sold 500 shares of the company's stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $255.42, for a total transaction of $127,710.00. Following the sale, the director now directly owns 5,416 shares in the company, valued at approximately $1,383,354.72. This represents a 8.45 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Matthew S. Mazza sold 5,090 shares of AppFolio stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $236.24, for a total value of $1,202,461.60. Following the completion of the transaction, the insider now owns 28,266 shares of the company's stock, valued at approximately $6,677,559.84. This represents a 15.26 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 24,606 shares of company stock valued at $5,958,832 in the last ninety days. Corporate insiders own 5.24% of the company's stock.
Institutional Trading of AppFolio
Institutional investors have recently bought and sold shares of the stock. Blue Trust Inc. raised its stake in shares of AppFolio by 85.7% in the third quarter. Blue Trust Inc. now owns 117 shares of the software maker's stock valued at $29,000 after acquiring an additional 54 shares during the period. UMB Bank n.a. grew its holdings in AppFolio by 193.0% during the 4th quarter. UMB Bank n.a. now owns 167 shares of the software maker's stock valued at $41,000 after purchasing an additional 110 shares during the last quarter. Arcadia Investment Management Corp MI bought a new position in AppFolio during the 4th quarter valued at about $50,000. Northwestern Mutual Wealth Management Co. raised its position in AppFolio by 688.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 213 shares of the software maker's stock worth $52,000 after purchasing an additional 186 shares during the period. Finally, Quarry LP lifted its stake in AppFolio by 147.9% in the second quarter. Quarry LP now owns 238 shares of the software maker's stock worth $58,000 after purchasing an additional 142 shares during the last quarter. 85.19% of the stock is currently owned by institutional investors.
AppFolio Company Profile
(
Get Free Report)
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.
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