AppFolio, Inc. (NASDAQ:APPF) Director Alexander Wolf Acquires 9,678 Shares

AppFolio, Inc. (NASDAQ:APPF) Director Alexander Wolf purchased 9,678 shares of the company’s stock in a transaction dated Thursday, February 13th. The stock was purchased at an average price of $214.81 per share, with a total value of $2,078,931.18. Following the transaction, the director now owns 3,226 shares of the company’s stock, valued at approximately $692,977.06. This represents a -150.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

AppFolio Stock Performance

Shares of APPF opened at $212.60 on Wednesday. AppFolio, Inc. has a fifty-two week low of $189.01 and a fifty-two week high of $274.56. The company has a market capitalization of $7.72 billion, a PE ratio of 38.31 and a beta of 0.88. The stock has a fifty day moving average of $245.17 and a two-hundred day moving average of $233.70.

AppFolio (NASDAQ:APPF) last released its earnings results 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 25.69% and a return on equity of 26.21%. As a group, equities research analysts forecast that AppFolio, Inc. will post 3.96 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have weighed in on APPF shares. Piper Sandler restated a “neutral” rating and set a $265.00 target price on shares of AppFolio in a report on Friday, January 31st. William Blair reissued an “outperform” rating on shares of AppFolio in a research note on Friday, January 31st. Stephens reaffirmed an “overweight” rating and issued a $295.00 target price on shares of AppFolio in a research note on Friday, January 31st. Finally, KeyCorp downgraded AppFolio from an “overweight” rating to a “sector weight” rating and set a $253.00 price target for the company. in a research report on Friday, January 10th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $276.29.

Institutional Investors Weigh In On AppFolio

Several hedge funds have recently modified their holdings of the stock. Tidal Investments LLC raised its stake in AppFolio by 2.9% during the third quarter. Tidal Investments LLC now owns 1,425 shares of the software maker’s stock worth $335,000 after purchasing an additional 40 shares during the period. Exchange Traded Concepts LLC raised its position in shares of AppFolio by 6.6% in the 4th quarter. Exchange Traded Concepts LLC now owns 642 shares of the software maker’s stock worth $158,000 after buying an additional 40 shares during the period. Independent Advisor Alliance boosted its holdings in AppFolio by 2.1% in the fourth quarter. Independent Advisor Alliance now owns 2,607 shares of the software maker’s stock valued at $643,000 after acquiring an additional 53 shares during the last quarter. Blue Trust Inc. grew its position in AppFolio by 85.7% during the third quarter. Blue Trust Inc. now owns 117 shares of the software maker’s stock valued at $29,000 after acquiring an additional 54 shares during the period. Finally, Treasurer of the State of North Carolina increased its stake in AppFolio by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 9,960 shares of the software maker’s stock worth $2,457,000 after acquiring an additional 60 shares during the last quarter. 85.19% of the stock is 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.