Alexander Wolf Acquires 9,678 Shares of AppFolio, Inc. (NASDAQ:APPF) Stock

AppFolio, Inc. (NASDAQ:APPF) Director Alexander Wolf bought 9,678 shares of the company’s stock in a transaction that occurred on Thursday, February 13th. The shares were bought at an average cost of $214.81 per share, for a total transaction of $2,078,931.18. Following the completion of the acquisition, the director now owns 3,226 shares of the company’s stock, valued at $692,977.06. This trade represents a -150.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

AppFolio Stock Up 1.1 %

APPF opened at $214.89 on Thursday. The firm’s fifty day simple moving average is $244.26 and its two-hundred day simple moving average is $233.57. AppFolio, Inc. has a 52-week low of $189.01 and a 52-week high of $274.56. The company has a market cap of $7.82 billion, a price-to-earnings ratio of 38.72 and a beta of 0.88.

AppFolio (NASDAQ:APPF) last issued its quarterly earnings results on Thursday, January 30th. The software maker reported $0.58 earnings per share 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, research analysts forecast that AppFolio, Inc. will post 3.96 EPS for the current year.

Institutional Trading of AppFolio

Institutional investors have recently made changes to their positions in the company. Colonial Trust Co SC acquired a new stake in AppFolio during the 4th quarter worth $28,000. Blue Trust Inc. boosted its position in AppFolio by 85.7% during the third quarter. Blue Trust Inc. now owns 117 shares of the software maker’s stock worth $29,000 after acquiring an additional 54 shares during the last quarter. UMB Bank n.a. grew its stake 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 acquiring an additional 110 shares in the last quarter. Arcadia Investment Management Corp MI acquired a new stake in AppFolio in the 4th quarter valued at about $50,000. Finally, Aster Capital Management DIFC Ltd lifted its stake in 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 in the last quarter. 85.19% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

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.