Analysts Set AppFolio, Inc. (NASDAQ:APPF) PT at $276.29

Shares of AppFolio, Inc. (NASDAQ:APPF) have earned an average recommendation of “Moderate Buy” from the eight research firms that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $276.29.

APPF has been the topic of several research reports. William Blair restated an “outperform” rating on shares of AppFolio in a research report on Friday, January 31st. Stephens reaffirmed an “overweight” rating and set a $295.00 target price on shares of AppFolio in a report on Friday, January 31st. KeyCorp lowered shares of AppFolio from an “overweight” rating to a “sector weight” rating and set a $253.00 target price on the stock. in a report on Friday, January 10th. Finally, Piper Sandler reaffirmed a “neutral” rating and set a $265.00 target price on shares of AppFolio in a report on Friday, January 31st.

Insiders Place Their Bets

In other news, Director Alexander Wolf purchased 9,678 shares of the business’s stock in a transaction on Thursday, February 13th. The shares were acquired at an average price of $214.81 per share, with a total value of $2,078,931.18. Following the acquisition, the director now directly owns 3,226 shares in the company, valued at approximately $692,977.06. The trade was a -150.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO William Shane Trigg sold 3,501 shares of the firm’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $217.27, for a total transaction of $760,662.27. Following the completion of the sale, the chief executive officer now directly owns 83,824 shares in the company, valued at approximately $18,212,440.48. This trade represents a 4.01 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,039 shares of company stock valued at $1,153,454 in the last quarter. Insiders own 5.24% of the company’s stock.

Institutional Investors Weigh In On AppFolio

Institutional investors and hedge funds have recently modified their holdings of the stock. Colonial Trust Co SC purchased a new stake in shares of AppFolio in the 4th quarter worth about $28,000. Blue Trust Inc. lifted its position in shares of AppFolio by 85.7% in the 3rd quarter. Blue Trust Inc. now owns 117 shares of the software maker’s stock worth $29,000 after purchasing an additional 54 shares during the period. UMB Bank n.a. lifted its position in shares of AppFolio by 193.0% in the 4th quarter. UMB Bank n.a. now owns 167 shares of the software maker’s stock worth $41,000 after purchasing an additional 110 shares during the period. Arcadia Investment Management Corp MI purchased a new stake in shares of AppFolio in the 4th quarter worth about $50,000. Finally, Aster Capital Management DIFC Ltd lifted its position in shares of AppFolio by 10,300.0% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 208 shares of the software maker’s stock worth $51,000 after purchasing an additional 206 shares during the period. 85.19% of the stock is owned by hedge funds and other institutional investors.

AppFolio Stock Performance

AppFolio stock opened at $220.89 on Friday. The firm’s fifty day moving average price is $234.89 and its 200-day moving average price is $233.61. The stock has a market cap of $8.04 billion, a P/E ratio of 39.80 and a beta of 0.89. AppFolio has a fifty-two week low of $189.01 and a fifty-two week high of $274.56.

AppFolio (NASDAQ:APPF) last posted its quarterly earnings data on Thursday, January 30th. The software maker reported $0.58 earnings per share for the quarter, missing the consensus estimate of $0.92 by ($0.34). AppFolio had a net margin of 25.69% and a return on equity of 26.21%. On average, analysts predict that AppFolio will post 3.96 earnings per share for the current year.

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.