AppFolio (NASDAQ:APPF) Receives Neutral Rating from Piper Sandler

AppFolio (NASDAQ:APPF)‘s stock had its “neutral” rating reiterated by equities researchers at Piper Sandler in a note issued to investors on Friday,Benzinga reports. They presently have a $265.00 target price on the software maker’s stock. Piper Sandler’s price objective would indicate a potential upside of 4.50% from the stock’s current price.

Other research analysts also recently issued research reports about the company. KeyCorp downgraded AppFolio from an “overweight” rating to a “sector weight” rating and set a $253.00 target price on the stock. in a report on Friday, January 10th. Keefe, Bruyette & Woods lowered AppFolio from a “market perform” rating to an “underperform” rating and cut their price target for the stock from $255.00 to $193.00 in a research note on Tuesday, October 15th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, AppFolio presently has an average rating of “Hold” and an average target price of $268.57.

AppFolio Stock Up 1.4 %

APPF opened at $253.58 on Friday. The stock has a market cap of $9.21 billion, a PE ratio of 70.64 and a beta of 0.87. The business has a 50 day moving average of $253.99 and a 200-day moving average of $235.99. AppFolio has a 52 week low of $189.01 and a 52 week high of $274.56.

AppFolio (NASDAQ:APPF) last announced its quarterly earnings data on Thursday, January 30th. The software maker reported $0.58 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.34). AppFolio had a net margin of 17.26% and a return on equity of 30.64%. Equities analysts anticipate that AppFolio will post 3.2 EPS for the current year.

Insider Activity at AppFolio

In related news, CEO William Shane Trigg sold 3,500 shares of the company’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $229.85, for a total value of $804,475.00. Following the completion of the transaction, the chief executive officer now owns 74,327 shares of the company’s stock, valued at approximately $17,084,060.95. This represents a 4.50 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Matthew S. Mazza sold 926 shares of AppFolio stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $229.04, for a total transaction of $212,091.04. Following the completion of the sale, the insider now owns 33,819 shares in the company, valued at approximately $7,745,903.76. This trade represents a 2.67 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 24,606 shares of company stock valued at $5,958,832 in the last three months. 5.24% of the stock is owned by insiders.

Hedge Funds Weigh In On AppFolio

A number of institutional investors and hedge funds have recently bought and sold shares of APPF. Dimensional Fund Advisors LP boosted its stake in AppFolio by 18.5% during the second quarter. Dimensional Fund Advisors LP now owns 84,151 shares of the software maker’s stock worth $20,583,000 after buying an additional 13,110 shares during the last quarter. Creative Planning lifted its position in AppFolio by 68.0% in the second quarter. Creative Planning now owns 2,142 shares of the software maker’s stock valued at $524,000 after buying an additional 867 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of AppFolio by 688.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 213 shares of the software maker’s stock valued at $52,000 after acquiring an additional 186 shares during the last quarter. Quarry LP raised its stake in shares of AppFolio by 147.9% in the 2nd quarter. Quarry LP now owns 238 shares of the software maker’s stock valued at $58,000 after acquiring an additional 142 shares during the period. Finally, Truist Financial Corp lifted its holdings in shares of AppFolio by 12.8% in the 2nd quarter. Truist Financial Corp now owns 2,467 shares of the software maker’s stock worth $603,000 after acquiring an additional 280 shares during the last quarter. 85.19% of the stock is currently owned by institutional investors and hedge funds.

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.