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

AppFolio, Inc. (NASDAQ:APPF) Director Alexander Wolf purchased 9,678 shares of AppFolio stock in a transaction dated Thursday, February 13th. The shares were bought at an average price of $214.81 per share, for a total transaction of $2,078,931.18. Following the acquisition, the director now owns 3,226 shares in the company, valued at approximately $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 the SEC website.

AppFolio Stock Up 1.1 %

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

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

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. William Blair reaffirmed an “outperform” rating on shares of AppFolio in a research note on Friday, January 31st. Piper Sandler reiterated a “neutral” rating and issued a $265.00 price objective on shares of AppFolio in a report on Friday, January 31st. 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 note on Friday, January 10th. Finally, Stephens reaffirmed an “overweight” rating and issued a $295.00 price target on shares of AppFolio in a research note on Friday, January 31st. 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 stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $276.29.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in APPF. Colonial Trust Co SC purchased a new position in AppFolio in the 4th quarter valued at approximately $28,000. 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 in the last quarter. UMB Bank n.a. boosted its holdings in AppFolio by 193.0% in the fourth 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 period. Arcadia Investment Management Corp MI acquired a new position in AppFolio during the 4th quarter worth $50,000. Finally, Aster Capital Management DIFC Ltd increased its holdings in AppFolio by 10,300.0% during 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. Institutional investors and hedge funds own 85.19% of the company’s stock.

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.