AppFolio’s (APPF) Outperform Rating Reaffirmed at William Blair

William Blair restated their outperform rating on shares of AppFolio (NASDAQ:APPF) in a research note released on Friday,RTT News reports.

Other equities analysts also recently issued research reports about the stock. Piper Sandler restated a “neutral” rating and issued a $265.00 price objective on shares of AppFolio in a research note on Friday. 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. Keefe, Bruyette & Woods lowered AppFolio from a “market perform” rating to an “underperform” rating and cut their price target for the stock from $255.00 to $193.00 in a research report on Tuesday, October 15th. Finally, Stephens reissued an “overweight” rating and issued a $295.00 price objective on shares of AppFolio in a report on Friday. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, AppFolio currently has an average rating of “Hold” and a consensus target price of $276.29.

AppFolio Stock Performance

Shares of NASDAQ APPF opened at $233.91 on Friday. The stock’s 50-day simple moving average is $253.82 and its 200-day simple moving average is $235.80. The firm has a market capitalization of $8.50 billion, a PE ratio of 65.16 and a beta of 0.87. AppFolio has a fifty-two week low of $189.01 and a fifty-two week high of $274.56.

AppFolio (NASDAQ:APPF) last released its quarterly earnings data 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 return on equity of 30.64% and a net margin of 17.26%. On average, sell-side analysts forecast that AppFolio will post 3.2 earnings per share for the current fiscal year.

Insider Buying and Selling at AppFolio

In other news, insider Matthew S. Mazza sold 926 shares of the firm’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $229.04, for a total value of $212,091.04. Following the completion of the sale, the insider now owns 33,819 shares in the company, valued at approximately $7,745,903.76. This trade represents a 2.67 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Scanlan Agnes Bundy sold 500 shares of AppFolio 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 completion of the sale, the director now directly owns 5,416 shares in the company, valued at approximately $1,383,354.72. The trade was a 8.45 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 24,606 shares of company stock worth $5,958,832. 5.24% of the stock is currently owned by insiders.

Hedge Funds Weigh In On AppFolio

A number of large investors have recently modified their holdings of the business. Tidal Investments LLC boosted its stake in shares of AppFolio by 2.9% in the third quarter. Tidal Investments LLC now owns 1,425 shares of the software maker’s stock valued at $335,000 after buying an additional 40 shares in the last quarter. Exchange Traded Concepts LLC raised its position in AppFolio by 6.6% in the fourth quarter. Exchange Traded Concepts LLC now owns 642 shares of the software maker’s stock worth $158,000 after acquiring an additional 40 shares in the last quarter. Blue Trust Inc. lifted its holdings in 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. Nisa Investment Advisors LLC boosted its position in shares of AppFolio by 11.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 616 shares of the software maker’s stock worth $152,000 after purchasing an additional 65 shares in the last quarter. Finally, Northwest & Ethical Investments L.P. grew its stake in shares of AppFolio by 16.0% during the 3rd quarter. Northwest & Ethical Investments L.P. now owns 725 shares of the software maker’s stock worth $171,000 after purchasing an additional 100 shares during the period. 85.19% of the stock is owned by hedge funds and other institutional investors.

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.