AppFolio (NASDAQ:APPF) Shares Up 4.1% – Time to Buy?

AppFolio, Inc. (NASDAQ:APPF) shares traded up 4.1% during mid-day trading on Tuesday . The company traded as high as $228.71 and last traded at $229.64. 162,849 shares were traded during mid-day trading, a decline of 39% from the average session volume of 266,255 shares. The stock had previously closed at $220.60.

Analyst Ratings Changes

A number of research firms recently commented on APPF. Piper Sandler restated a “neutral” rating and set a $265.00 target price on shares of AppFolio in a research report on Friday, January 31st. William Blair reissued an “outperform” rating on shares of AppFolio in a research note 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 research note on Friday, January 10th. Finally, Stephens reiterated an “overweight” rating and set a $295.00 target price on shares of AppFolio in a research report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $276.29.

AppFolio Trading Down 0.1 %

The company has a market capitalization of $8.20 billion, a price-to-earnings ratio of 40.57 and a beta of 0.89. The company’s 50 day simple moving average is $226.53 and its 200-day simple moving average is $232.46.

AppFolio (NASDAQ:APPF) last announced its quarterly earnings data on Thursday, January 30th. The software maker reported $0.58 EPS for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.34). AppFolio had a net margin of 25.69% and a return on equity of 26.21%. Sell-side analysts anticipate that AppFolio, Inc. will post 3.96 EPS for the current year.

Insider Transactions at AppFolio

In related news, CEO William Shane Trigg sold 3,501 shares of AppFolio stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $217.27, for a total transaction of $760,662.27. Following the transaction, the chief executive officer now owns 83,824 shares in the company, valued at approximately $18,212,440.48. The trade was a 4.01 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Alexander Wolf purchased 9,678 shares of the firm’s stock in a transaction that occurred on Thursday, February 13th. The shares were acquired at an average cost of $214.81 per share, with a total value of $2,078,931.18. Following the completion of the transaction, the director now owns 3,226 shares in the company, valued at $692,977.06. This trade represents a -150.00 % increase in their position. The disclosure for this purchase can be found here. Insiders own 5.24% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. California State Teachers Retirement System lifted its holdings in AppFolio by 1.7% in the fourth quarter. California State Teachers Retirement System now owns 20,513 shares of the software maker’s stock worth $5,061,000 after acquiring an additional 333 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of AppFolio by 69.5% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 10,955 shares of the software maker’s stock valued at $2,703,000 after purchasing an additional 4,492 shares in the last quarter. Azzad Asset Management Inc. ADV grew its position in AppFolio by 30.9% in the fourth quarter. Azzad Asset Management Inc. ADV now owns 8,656 shares of the software maker’s stock worth $2,136,000 after buying an additional 2,044 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC purchased a new position in AppFolio during the 4th quarter worth approximately $103,503,000. Finally, Cache Advisors LLC acquired a new position in shares of AppFolio in the 4th quarter valued at about $218,000. Hedge funds and other institutional investors 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.