Short Interest in AppFolio, Inc. (NASDAQ:APPF) Grows By 17.3%

AppFolio, Inc. (NASDAQ:APPF) was the recipient of a large increase in short interest in the month of March. As of March 31st, there was short interest totalling 756,100 shares, an increase of 17.3% from the March 15th total of 644,500 shares. Based on an average daily trading volume, of 323,400 shares, the short-interest ratio is currently 2.3 days.

Insider Activity at AppFolio

In other AppFolio news, Director Olivia Nottebohm sold 989 shares of AppFolio stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $241.75, for a total value of $239,090.75. Following the completion of the transaction, the director now directly owns 1,909 shares of the company’s stock, valued at approximately $461,500.75. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other AppFolio news, Director Olivia Nottebohm sold 989 shares of AppFolio stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $241.75, for a total value of $239,090.75. Following the completion of the transaction, the director now directly owns 1,909 shares of the company’s stock, valued at approximately $461,500.75. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Blottnitz Andreas Von sold 4,500 shares of AppFolio stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $226.56, for a total value of $1,019,520.00. Following the completion of the transaction, the director now directly owns 5,449 shares of the company’s stock, valued at $1,234,525.44. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 15,489 shares of company stock worth $3,531,011. Company insiders own 9.15% of the company’s stock.

Hedge Funds Weigh In On AppFolio

A number of institutional investors have recently modified their holdings of the business. DGS Capital Management LLC acquired a new position in shares of AppFolio in the 1st quarter valued at $1,294,000. Capital CS Group LLC purchased a new stake in shares of AppFolio during the 1st quarter worth $655,000. Westwind Capital purchased a new stake in shares of AppFolio during the 1st quarter worth $9,170,000. Los Angeles Capital Management LLC boosted its position in shares of AppFolio by 2.6% during the 1st quarter. Los Angeles Capital Management LLC now owns 17,816 shares of the software maker’s stock worth $4,396,000 after purchasing an additional 449 shares in the last quarter. Finally, Kapitalo Investimentos Ltda purchased a new stake in shares of AppFolio during the 4th quarter worth $343,000. 62.34% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on APPF shares. BTIG Research started coverage on AppFolio in a research report on Friday, January 19th. They set a “buy” rating and a $215.00 price objective for the company. StockNews.com downgraded AppFolio from a “buy” rating to a “hold” rating in a research report on Thursday, December 21st. Stephens reissued an “overweight” rating and set a $241.00 price objective on shares of AppFolio in a research report on Friday, January 26th. JPMorgan Chase & Co. boosted their price objective on AppFolio from $228.00 to $237.00 and gave the stock an “overweight” rating in a research report on Friday, January 26th. Finally, KeyCorp raised their price objective on shares of AppFolio from $254.00 to $264.00 and gave the stock an “overweight” rating in a report on Monday, March 18th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, AppFolio currently has a consensus rating of “Moderate Buy” and an average price target of $239.40.

AppFolio Trading Down 2.6 %

APPF stock opened at $215.70 on Tuesday. The company’s 50 day moving average is $232.43 and its two-hundred day moving average is $203.34. The stock has a market cap of $7.74 billion, a P/E ratio of 7,192.40 and a beta of 0.80. AppFolio has a twelve month low of $123.36 and a twelve month high of $253.42.

AppFolio (NASDAQ:APPF) last announced its earnings results on Thursday, January 25th. The software maker reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.29. The business had revenue of $171.83 million for the quarter, compared to analysts’ expectations of $162.80 million. AppFolio had a net margin of 0.44% and a negative return on equity of 8.58%. On average, equities research analysts predict that AppFolio will post 2.66 earnings per share for the current year.

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.