AppFolio, Inc. (NASDAQ:APPF) Director Blottnitz Andreas Von Sells 5,111 Shares

AppFolio, Inc. (NASDAQ:APPF) Director Blottnitz Andreas Von sold 5,111 shares of the stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of $240.24, for a total transaction of $1,227,866.64. Following the completion of the transaction, the director now owns 8,838 shares of the company’s stock, valued at approximately $2,123,241.12. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

AppFolio Trading Down 1.7 %

Shares of APPF traded down $4.32 during midday trading on Friday, hitting $244.57. The stock had a trading volume of 2,429,322 shares, compared to its average volume of 304,298. AppFolio, Inc. has a fifty-two week low of $164.29 and a fifty-two week high of $256.73. The business has a 50-day simple moving average of $234.53 and a two-hundred day simple moving average of $219.07. The firm has a market cap of $8.86 billion, a P/E ratio of 120.24 and a beta of 0.80.

AppFolio (NASDAQ:APPF) last announced its earnings results on Thursday, April 25th. The software maker reported $0.68 EPS for the quarter, topping the consensus estimate of $0.59 by $0.09. AppFolio had a net margin of 11.38% and a return on equity of 13.51%. The company had revenue of $187.43 million during the quarter, compared to analysts’ expectations of $173.66 million. On average, analysts expect that AppFolio, Inc. will post 2.85 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Piper Sandler assumed coverage on shares of AppFolio in a research report on Monday, June 10th. They issued an “overweight” rating and a $295.00 target price for the company. Stephens reiterated an “overweight” rating and issued a $241.00 target price on shares of AppFolio in a research report on Friday, April 26th. Keefe, Bruyette & Woods increased their target price on shares of AppFolio from $215.00 to $238.00 and gave the company a “market perform” rating in a research report on Friday, April 26th. Finally, KeyCorp raised their price objective on shares of AppFolio from $264.00 to $275.00 and gave the company an “overweight” rating in a research report on Friday, April 26th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $248.71.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in APPF. Zeno Equity Partners LLP purchased a new stake in shares of AppFolio in the fourth quarter worth approximately $30,000. Advisors Asset Management Inc. lifted its position in shares of AppFolio by 291.3% in the first quarter. Advisors Asset Management Inc. now owns 180 shares of the software maker’s stock worth $44,000 after purchasing an additional 134 shares in the last quarter. USA Financial Formulas purchased a new stake in shares of AppFolio in the fourth quarter worth approximately $59,000. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of AppFolio in the fourth quarter worth approximately $64,000. Finally, Meeder Asset Management Inc. bought a new position in AppFolio during the fourth quarter valued at approximately $85,000. 62.34% 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.