AppFolio’s (APPF) Outperform Rating Reiterated at William Blair

William Blair restated their outperform rating on shares of AppFolio (NASDAQ:APPF) in a report released on Friday morning,RTT News reports.

A number of other equities analysts have also commented on APPF. Stephens reaffirmed an “overweight” rating and issued a $295.00 price objective on shares of AppFolio in a research note on Friday. KeyCorp downgraded shares of AppFolio from an “overweight” rating to a “sector weight” rating and set a $253.00 target price for the company. in a research report on Friday, January 10th. Piper Sandler reissued a “neutral” rating and issued a $265.00 price objective on shares of AppFolio in a research note on Friday. Finally, Keefe, Bruyette & Woods downgraded AppFolio from a “market perform” rating to an “underperform” rating and lowered their price target for the company from $255.00 to $193.00 in a research report on Tuesday, October 15th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $276.29.

AppFolio Trading Down 7.8 %

APPF stock opened at $233.91 on Friday. The company has a market capitalization of $8.50 billion, a price-to-earnings ratio of 65.16 and a beta of 0.87. AppFolio has a 52 week low of $189.01 and a 52 week high of $274.56. The firm’s 50-day moving average is $253.82 and its two-hundred day moving average is $235.40.

AppFolio (NASDAQ:APPF) last posted its quarterly earnings data on Thursday, January 30th. The software maker reported $0.58 earnings per share 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%. On average, equities research analysts predict that AppFolio will post 3.2 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO William Shane Trigg sold 3,500 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The shares were 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 in the company, valued at $17,084,060.95. The trade was a 4.50 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Matthew S. Mazza sold 838 shares of the company’s stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $255.30, for a total value of $213,941.40. Following the transaction, the insider now directly owns 22,701 shares in the company, valued at $5,795,565.30. This trade represents a 3.56 % 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 over the last quarter. Corporate insiders own 5.24% of the company’s stock.

Institutional Investors Weigh In On AppFolio

Institutional investors have recently modified their holdings of the business. Venturi Wealth Management LLC acquired a new stake in AppFolio during the 4th quarter worth $99,000. Sanctuary Advisors LLC raised its holdings in AppFolio by 4.4% during the fourth quarter. Sanctuary Advisors LLC now owns 2,958 shares of the software maker’s stock worth $750,000 after acquiring an additional 125 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in shares of AppFolio by 2.1% in the 4th quarter. Principal Financial Group Inc. now owns 181,649 shares of the software maker’s stock valued at $44,816,000 after buying an additional 3,818 shares during the last quarter. State of New Jersey Common Pension Fund D grew its position in shares of AppFolio by 8.4% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 9,185 shares of the software maker’s stock valued at $2,266,000 after acquiring an additional 710 shares during the period. Finally, Capital Performance Advisors LLP grew its holdings in AppFolio by 56.6% during the fourth quarter. Capital Performance Advisors LLP now owns 1,037 shares of the software maker’s stock worth $256,000 after purchasing an additional 375 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.