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 firm’s stock in a transaction dated Thursday, February 13th. The stock was purchased at an average cost of $214.81 per share, with a total value of $2,078,931.18. Following the completion of the acquisition, the director now directly owns 3,226 shares of the company’s stock, valued at approximately $692,977.06. This trade represents a -150.00 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

AppFolio Price Performance

AppFolio stock opened at $216.23 on Friday. AppFolio, Inc. has a 12 month low of $189.01 and a 12 month high of $274.56. The business has a 50 day simple moving average of $243.31 and a 200-day simple moving average of $233.45. The stock has a market capitalization of $7.87 billion, a PE ratio of 38.96 and a beta of 0.88.

AppFolio (NASDAQ:APPF) last released its quarterly earnings data 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%. As a group, equities research analysts anticipate that AppFolio, Inc. will post 3.96 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of APPF. FMR LLC raised its position in AppFolio by 881.2% in the fourth quarter. FMR LLC now owns 597,485 shares of the software maker’s stock worth $147,411,000 after acquiring an additional 536,591 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC purchased a new position in AppFolio in the fourth quarter worth $103,503,000. Norges Bank purchased a new position in AppFolio in the fourth quarter worth $68,037,000. Lord Abbett & CO. LLC raised its position in AppFolio by 82.2% in the third quarter. Lord Abbett & CO. LLC now owns 459,285 shares of the software maker’s stock worth $108,116,000 after acquiring an additional 207,204 shares in the last quarter. Finally, AQR Capital Management LLC increased its position in shares of AppFolio by 43.2% in the fourth quarter. AQR Capital Management LLC now owns 655,625 shares of the software maker’s stock valued at $161,756,000 after buying an additional 197,700 shares in the last quarter. Hedge funds and other institutional investors own 85.19% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on APPF. William Blair reissued an “outperform” rating on shares of AppFolio in a report on Friday, January 31st. Stephens reissued an “overweight” rating and issued a $295.00 price objective on shares of AppFolio in a report on Friday, January 31st. KeyCorp downgraded 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, Piper Sandler reissued a “neutral” rating and issued a $265.00 price objective on shares of AppFolio in a report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average 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.