AppFolio, Inc. (NASDAQ:APPF) Receives $241.00 Average Price Target from Brokerages

Shares of AppFolio, Inc. (NASDAQ:APPF) have been given an average rating of “Moderate Buy” by the seven ratings firms that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $241.00.

Several analysts have recently issued reports on the stock. KeyCorp increased their price target on shares of AppFolio from $264.00 to $275.00 and gave the stock an “overweight” rating in a research report on Friday, April 26th. JPMorgan Chase & Co. increased their price objective on AppFolio from $228.00 to $237.00 and gave the company an “overweight” rating in a research note on Friday, January 26th. Keefe, Bruyette & Woods boosted their target price on AppFolio from $215.00 to $238.00 and gave the stock a “market perform” rating in a research note on Friday, April 26th. BTIG Research assumed coverage on AppFolio in a research report on Friday, January 19th. They issued a “buy” rating and a $215.00 price target on the stock. Finally, Stephens reissued an “overweight” rating and set a $241.00 price objective on shares of AppFolio in a research report on Friday, April 26th.

AppFolio Trading Down 1.4 %

Shares of NASDAQ APPF opened at $244.91 on Monday. The stock has a fifty day simple moving average of $230.20 and a 200-day simple moving average of $208.22. AppFolio has a twelve month low of $136.69 and a twelve month high of $256.73. The stock has a market capitalization of $8.87 billion, a PE ratio of 118.31 and a beta of 0.79.

Insider Activity

In other news, Director Blottnitz Andreas Von sold 4,500 shares of the business’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $226.56, for a total transaction of $1,019,520.00. Following the completion of the sale, the director now owns 5,449 shares in the company, valued at approximately $1,234,525.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Blottnitz Andreas Von sold 4,500 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at approximately $1,234,525.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Timothy K. Bliss sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $227.24, for a total value of $2,272,400.00. Following the transaction, the director now owns 51,070 shares in the company, valued at approximately $11,605,146.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 15,489 shares of company stock worth $3,531,011. 9.15% of the stock is currently owned by insiders.

Institutional Trading of AppFolio

Several institutional investors and hedge funds have recently bought and sold shares of the business. Zeno Equity Partners LLP acquired a new position in AppFolio in the fourth quarter valued at $30,000. USA Financial Formulas acquired a new position in AppFolio in the 4th quarter valued at about $59,000. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in AppFolio during the 4th quarter valued at approximately $64,000. Meeder Asset Management Inc. acquired a new stake in AppFolio during the 4th quarter worth approximately $85,000. Finally, Headlands Technologies LLC purchased a new position in shares of AppFolio in the 4th quarter valued at approximately $85,000. Hedge funds and other institutional investors own 62.34% of the company’s stock.

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.