AppFolio, Inc. (NASDAQ:APPF) Director Purchases $2,078,931.18 in Stock

AppFolio, Inc. (NASDAQ:APPF) Director Alexander Wolf acquired 9,678 shares of the company’s stock in a transaction dated Thursday, February 13th. The stock was acquired at an average cost of $214.81 per share, with a total value of $2,078,931.18. Following the transaction, the director now directly owns 3,226 shares of the company’s stock, valued at approximately $692,977.06. This represents a -150.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

AppFolio Stock Performance

Shares of NASDAQ:APPF traded down $4.72 during trading hours on Tuesday, hitting $212.60. 270,442 shares of the company’s stock traded hands, compared to its average volume of 288,779. AppFolio, Inc. has a 52 week low of $189.01 and a 52 week high of $274.56. The company’s fifty day simple moving average is $245.17 and its two-hundred day simple moving average is $233.70. The company has a market cap of $7.72 billion, a price-to-earnings ratio of 38.31 and a beta of 0.88.

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 anticipate that AppFolio, Inc. will post 3.96 EPS for the current fiscal year.

Hedge Funds Weigh In On AppFolio

Large investors have recently made changes to their positions in the business. Colonial Trust Co SC bought a new position in shares of AppFolio during the 4th quarter valued at about $28,000. Blue Trust Inc. boosted its holdings in shares of AppFolio by 85.7% in the third quarter. Blue Trust Inc. now owns 117 shares of the software maker’s stock worth $29,000 after buying an additional 54 shares during the period. UMB Bank n.a. boosted its holdings in shares of AppFolio by 193.0% in the fourth quarter. UMB Bank n.a. now owns 167 shares of the software maker’s stock worth $41,000 after buying an additional 110 shares during the period. Arcadia Investment Management Corp MI acquired a new position in shares of AppFolio in the fourth quarter worth about $50,000. Finally, Aster Capital Management DIFC Ltd boosted its holdings in shares of AppFolio by 10,300.0% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 208 shares of the software maker’s stock worth $51,000 after buying an additional 206 shares during the period. Institutional investors own 85.19% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Piper Sandler restated a “neutral” rating and issued a $265.00 target price on shares of AppFolio in a research note on Friday, January 31st. KeyCorp downgraded shares of AppFolio from an “overweight” rating to a “sector weight” rating and set a $253.00 price objective on the stock. in a research note on Friday, January 10th. Stephens reiterated an “overweight” rating and set a $295.00 price objective on shares of AppFolio in a research note on Friday, January 31st. Finally, William Blair reissued an “outperform” rating on shares of AppFolio in a report on Friday, January 31st. 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 data from MarketBeat.com, AppFolio currently has a consensus rating of “Hold” and a consensus price target of $276.29.

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.