AppFolio (NASDAQ:APPF) PT Raised to $238.00 at Keefe, Bruyette & Woods

AppFolio (NASDAQ:APPF) had its target price increased by Keefe, Bruyette & Woods from $215.00 to $238.00 in a research report sent to investors on Friday, Benzinga reports. They currently have a market perform rating on the software maker’s stock.

Several other analysts also recently weighed in on APPF. JPMorgan Chase & Co. boosted their price target on AppFolio from $228.00 to $237.00 and gave the company an overweight rating in a research note on Friday, January 26th. KeyCorp upped their target price on AppFolio from $264.00 to $275.00 and gave the stock an overweight rating in a research note on Friday. BTIG Research started coverage on AppFolio in a research note on Friday, January 19th. They issued a buy rating and a $215.00 target price on the stock. Finally, Stephens restated an overweight rating and issued a $241.00 target price on shares of AppFolio in a research note on Friday, January 26th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, AppFolio has an average rating of Moderate Buy and an average target price of $241.00.

AppFolio Price Performance

Shares of APPF stock opened at $242.75 on Friday. AppFolio has a 1-year low of $123.36 and a 1-year high of $256.73. The stock’s fifty day moving average price is $229.59 and its 200 day moving average price is $205.22. The company has a market cap of $8.71 billion, a price-to-earnings ratio of 117.27 and a beta of 0.80.

AppFolio (NASDAQ:APPF) last posted its quarterly earnings results on Thursday, January 25th. The software maker reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.29. The business had revenue of $171.83 million for the quarter, compared to the consensus estimate of $162.80 million. AppFolio had a return on equity of 14.51% and a net margin of 11.38%. As a group, equities research analysts anticipate that AppFolio will post 2.72 earnings per share for the current year.

Insider Buying and Selling at AppFolio

In other AppFolio news, Director Blottnitz Andreas Von sold 4,500 shares of the stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $226.56, for a total transaction of $1,019,520.00. Following the completion of the transaction, the director now owns 5,449 shares of the company’s stock, valued at $1,234,525.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Blottnitz Andreas Von sold 4,500 shares of the company’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $226.56, for a total value of $1,019,520.00. Following the completion of the sale, the director now directly owns 5,449 shares in the company, valued at $1,234,525.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Timothy K. Bliss sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $227.24, for a total value of $2,272,400.00. Following the completion of the sale, the director now owns 51,070 shares of the company’s stock, valued at $11,605,146.80. The disclosure for this sale can be found here. Insiders sold 15,489 shares of company stock valued at $3,531,011 over the last quarter. 9.15% of the stock is currently owned by insiders.

Institutional Trading of AppFolio

Several hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of AppFolio by 3.8% in the fourth quarter. Vanguard Group Inc. now owns 2,078,661 shares of the software maker’s stock valued at $360,107,000 after acquiring an additional 76,934 shares in the last quarter. Fred Alger Management LLC raised its stake in AppFolio by 12.2% in the third quarter. Fred Alger Management LLC now owns 572,007 shares of the software maker’s stock valued at $104,466,000 after buying an additional 62,347 shares in the last quarter. Gilder Gagnon Howe & Co. LLC raised its stake in AppFolio by 3.8% in the fourth quarter. Gilder Gagnon Howe & Co. LLC now owns 421,309 shares of the software maker’s stock valued at $72,988,000 after buying an additional 15,283 shares in the last quarter. Norges Bank acquired a new stake in AppFolio in the fourth quarter valued at $38,458,000. Finally, Zeno Equity Partners LLP raised its stake in AppFolio by 6.6% in the first quarter. Zeno Equity Partners LLP now owns 205,781 shares of the software maker’s stock valued at $50,774,000 after buying an additional 12,786 shares in the last quarter. 62.34% of the stock is currently owned by institutional investors and hedge funds.

AppFolio Company Profile

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.