AppFolio (NASDAQ:APPF) Now Covered by Piper Sandler

Piper Sandler assumed coverage on shares of AppFolio (NASDAQ:APPFFree Report) in a report published on Monday, Marketbeat Ratings reports. The firm issued an overweight rating and a $295.00 price target on the software maker’s stock.

APPF has been the topic of a number of other reports. Stephens reiterated an overweight rating and set a $241.00 target price on shares of AppFolio in a report on Friday, April 26th. KeyCorp increased their price objective on AppFolio from $264.00 to $275.00 and gave the company an overweight rating in a research note on Friday, April 26th. Finally, Keefe, Bruyette & Woods boosted their target price on AppFolio from $215.00 to $238.00 and gave the stock a market perform rating in a research note on Friday, April 26th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of Moderate Buy and a consensus target price of $248.71.

Check Out Our Latest Analysis on AppFolio

AppFolio Trading Down 2.4 %

APPF stock opened at $234.42 on Monday. The business’s fifty day moving average price is $232.05 and its 200 day moving average price is $215.78. AppFolio has a 12-month low of $162.32 and a 12-month high of $256.73. The company has a market capitalization of $8.49 billion, a PE ratio of 113.25 and a beta of 0.80.

AppFolio (NASDAQ:APPFGet Free Report) last issued its quarterly earnings results on Thursday, April 25th. The software maker reported $0.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $0.09. The company had revenue of $187.43 million for the quarter, compared to analyst estimates of $173.66 million. AppFolio had a net margin of 11.38% and a return on equity of 13.51%. Research analysts predict that AppFolio will post 2.87 EPS for the current fiscal year.

Insider Buying and Selling at AppFolio

In other news, Director Timothy K. Bliss sold 12,170 shares of the company’s stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $241.31, for a total transaction of $2,936,742.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other AppFolio news, Director Timothy K. Bliss sold 12,170 shares of the firm’s stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $241.31, for a total transaction of $2,936,742.70. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Matthew S. Mazza sold 2,131 shares of the company’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $249.46, for a total transaction of $531,599.26. Following the completion of the transaction, the insider now owns 43,680 shares of the company’s stock, valued at approximately $10,896,412.80. The disclosure for this sale can be found here. Insiders have sold a total of 87,431 shares of company stock worth $20,691,480 over the last ninety days. Corporate insiders own 9.15% of the company’s stock.

Institutional Trading of AppFolio

Hedge funds and other institutional investors have recently made changes to their positions in the company. Zeno Equity Partners LLP acquired a new stake in shares of AppFolio in the 4th quarter valued at about $30,000. Advisors Asset Management Inc. grew its position in shares of AppFolio by 291.3% during the first quarter. Advisors Asset Management Inc. now owns 180 shares of the software maker’s stock worth $44,000 after acquiring an additional 134 shares during the last quarter. USA Financial Formulas purchased a new position in shares of AppFolio during the fourth quarter worth approximately $59,000. BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of AppFolio in the 4th quarter valued at $64,000. Finally, Meeder Asset Management Inc. purchased a new stake in AppFolio in the 4th quarter valued at $85,000. Institutional investors and hedge funds own 62.34% of the company’s stock.

AppFolio Company Profile

(Get Free Report)

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.

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Analyst Recommendations for AppFolio (NASDAQ:APPF)

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