AppFolio, Inc. (NASDAQ:APPF) Director Buys $1,627,650.00 in Stock

AppFolio, Inc. (NASDAQ:APPF) Director Timothy K. Bliss purchased 7,500 shares of the firm’s stock in a transaction that occurred on Thursday, June 5th. The shares were bought at an average price of $217.02 per share, with a total value of $1,627,650.00. Following the acquisition, the director now directly owns 7,500 shares of the company’s stock, valued at $1,627,650. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

AppFolio Stock Up 0.3%

APPF stock traded up $0.70 during midday trading on Monday, hitting $217.95. The company’s stock had a trading volume of 258,491 shares, compared to its average volume of 272,130. The stock’s 50-day moving average price is $214.91 and its 200 day moving average price is $229.67. AppFolio, Inc. has a 1 year low of $189.01 and a 1 year high of $274.56. The stock has a market cap of $7.85 billion, a price-to-earnings ratio of 39.27 and a beta of 0.87.

AppFolio (NASDAQ:APPF) last posted its quarterly earnings data on Thursday, April 24th. The software maker reported $1.21 earnings per share for the quarter, missing the consensus estimate of $1.23 by ($0.02). AppFolio had a return on equity of 26.21% and a net margin of 25.69%. The business had revenue of $217.70 million during the quarter, compared to analysts’ expectations of $220.95 million. During the same period in the prior year, the firm posted $1.05 EPS. The firm’s revenue for the quarter was up 15.9% on a year-over-year basis. As a group, equities analysts forecast that AppFolio, Inc. will post 3.96 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in AppFolio by 3.8% in the fourth quarter. Vanguard Group Inc. now owns 2,495,527 shares of the software maker’s stock worth $615,696,000 after purchasing an additional 91,174 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its position in AppFolio by 84.4% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 773,579 shares of the software maker’s stock worth $170,110,000 after purchasing an additional 354,061 shares during the last quarter. AQR Capital Management LLC lifted its position in shares of AppFolio by 43.2% during the 4th quarter. AQR Capital Management LLC now owns 655,625 shares of the software maker’s stock valued at $161,756,000 after buying an additional 197,700 shares during the last quarter. FMR LLC lifted its position in shares of AppFolio by 881.2% during the 4th quarter. FMR LLC now owns 597,485 shares of the software maker’s stock valued at $147,411,000 after buying an additional 536,591 shares during the last quarter. Finally, Gilder Gagnon Howe & Co. LLC lifted its position in shares of AppFolio by 4.7% during the 4th quarter. Gilder Gagnon Howe & Co. LLC now owns 572,917 shares of the software maker’s stock valued at $141,350,000 after buying an additional 25,566 shares during the last quarter. Hedge funds and other institutional investors own 85.19% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on APPF. DA Davidson upgraded AppFolio to a “strong-buy” rating in a report on Tuesday, May 13th. Keefe, Bruyette & Woods decreased their price target on AppFolio from $210.00 to $205.00 and set an “underweight” rating for the company in a report on Friday, April 25th. Finally, Piper Sandler reiterated a “neutral” rating and set a $265.00 price target on shares of AppFolio in a report on Wednesday, April 23rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $274.43.

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.