AppFolio, Inc. (NASDAQ:APPF) Director Buys $2,078,931.18 in Stock

AppFolio, Inc. (NASDAQ:APPF) Director Alexander Wolf acquired 9,678 shares of the firm’s stock in a transaction that occurred on Thursday, February 13th. The shares were bought at an average cost of $214.81 per share, for a total transaction of $2,078,931.18. Following the acquisition, the director now owns 3,226 shares of the company’s stock, valued at $692,977.06. This represents a -150.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink.

AppFolio Stock Down 2.2 %

Shares of NASDAQ:APPF traded down $4.72 during trading on Tuesday, reaching $212.60. The stock had a trading volume of 270,442 shares, compared to its average volume of 288,779. The business has a fifty day moving average price of $245.17 and a 200-day moving average price of $233.70. The stock has a market cap of $7.72 billion, a P/E ratio of 38.31 and a beta of 0.88. AppFolio, Inc. has a fifty-two week low of $189.01 and a fifty-two week high of $274.56.

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 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%. As a group, equities analysts forecast that AppFolio, Inc. will post 3.96 EPS for the current year.

Hedge Funds Weigh In On AppFolio

Several institutional investors and hedge funds have recently bought and sold shares of APPF. Exchange Traded Concepts LLC increased its position in AppFolio by 59.3% during the third quarter. Exchange Traded Concepts LLC now owns 602 shares of the software maker’s stock worth $142,000 after purchasing an additional 224 shares during the last quarter. Blue Trust Inc. increased its position in AppFolio by 85.7% during the third quarter. Blue Trust Inc. now owns 117 shares of the software maker’s stock worth $29,000 after purchasing an additional 54 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in AppFolio by 41.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 24,636 shares of the software maker’s stock worth $5,799,000 after purchasing an additional 7,161 shares during the last quarter. Lecap Asset Management Ltd. acquired a new position in AppFolio during the third quarter worth approximately $1,003,000. Finally, International Assets Investment Management LLC acquired a new position in AppFolio during the third quarter worth approximately $26,040,000. Institutional investors and hedge funds own 85.19% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on APPF. KeyCorp downgraded shares of AppFolio from an “overweight” rating to a “sector weight” rating and set a $253.00 price objective on the stock. in a report on Friday, January 10th. William Blair reaffirmed an “outperform” rating on shares of AppFolio in a report on Friday, January 31st. Piper Sandler reaffirmed a “neutral” rating and issued a $265.00 price target on shares of AppFolio in a report on Friday, January 31st. Finally, Stephens reaffirmed an “overweight” rating and issued a $295.00 price target on shares of AppFolio in a report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $276.29.

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.