Why You Should Add AppFolio (APPF) Stock to Your Portfolio Now
AppFolio (APPF) benefits from AI investments, giving it a competitive advantage.
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AppFolio (APPF) Stock Sinks As Market Gains: Here's Why
AppFolio (APPF) closed at $228.32 in the latest trading session, marking a -0.6% move from the prior day.
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AppFolio, Inc. (NASDAQ:APPF) Shares Sold by Amalgamated Bank
Amalgamated Bank trimmed its stake in shares of AppFolio, Inc. (NASDAQ:APPF – Free Report) by 6.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,788 shares of the software maker’s stock after selling 200 shares during the period. Amalgamated Bank’s holdings in AppFolio were worth $483,000 as of its most recent SEC filing. A number of other hedge funds and other institutional investors have also modified their holdings of APPF. Vanguard Group Inc. lifted its stake in AppFolio by 2.4% during the third quarter. Vanguard Group Inc. now owns 2,001,727 shares of the software maker’s stock valued at $365,575,000 after buying an additional 46,827 shares in the last quarter. Fred Alger Management LLC boosted its stake in AppFolio by 12.2% in the 3rd quarter. Fred Alger Management LLC now owns 572,007 shares of the software maker’s stock worth $104,466,000 after purchasing an additional 62,347 shares during the period. Northern Trust Corp grew its position in AppFolio by 1.1% during the 3rd quarter. Northern Trust Corp now owns 202,348 shares of the software maker’s stock worth $36,955,000 after purchasing an additional 2,224 shares in the last quarter. Insight Holdings Group LLC raised its stake in AppFolio by 2.0% during the 3rd quarter. Insight Holdings Group LLC now owns 193,311 shares of the software maker’s stock valued at $35,304,000 after purchasing an additional 3,700 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of AppFolio by 4.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 150,073 shares of the software maker’s stock valued at $27,408,000 after purchasing an additional 7,054 shares in the last quarter. Institutional investors and hedge funds own 62.34% of the company’s stock. Analyst Upgrades and Downgrades A number of brokerages have recently weighed in on APPF. Keefe, Bruyette & Woods lifted their price target on AppFolio from $215.00 to $238.00 and gave the company a “market perform” rating in a report on Friday, April 26th. KeyCorp upped their target price on AppFolio from $264.00 to $275.00 and gave the company an “overweight” rating in a report on Friday, April 26th. JPMorgan Chase & Co. raised their price target on shares of AppFolio from $228.00 to $237.00 and gave the stock an “overweight” rating in a report on Friday, January 26th. Finally, Stephens reiterated an “overweight” rating and issued a $241.00 price objective on shares of AppFolio in a research note on Friday, April 26th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, AppFolio currently has a consensus rating of “Moderate Buy” and an average target price of $241.00. Check Out Our Latest Research Report on AppFolio Insiders Place Their Bets In other news, Director Alexander Wolf sold 10,000 shares of the stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $250.26, for a total transaction of $2,502,600.00. Following the transaction, the director now owns 182,584 shares of the company’s stock, valued at approximately $45,693,471.84. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, Director Blottnitz Andreas Von sold 4,500 shares of the company’s stock in a transaction 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 directly owns 5,449 shares of the company’s stock, valued at approximately $1,234,525.44. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Alexander Wolf sold 10,000 shares of AppFolio stock in a transaction on Monday, May 13th. The stock was sold at an average price of $250.26, for a total transaction of $2,502,600.00. Following the completion of the transaction, the director now owns 182,584 shares in the company, valued at approximately $45,693,471.84. The disclosure for this sale can be found here. Insiders sold 27,620 shares of company stock valued at $6,565,210 over the last quarter. Insiders own 9.15% of the company’s stock. AppFolio Stock Performance Shares of APPF opened at $240.59 on Monday. The firm has a market cap of $8.71 billion, a PE ratio of 116.23 and a beta of 0.79. The firm’s 50 day moving average price is $232.05 and its 200 day moving average price is $211.58. AppFolio, Inc. has a twelve month low of $138.49 and a twelve month high of $256.73. AppFolio (NASDAQ:APPF – Get Free Report) last announced its quarterly 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 for the quarter, compared to analyst estimates of $173.66 million. On average, sell-side analysts anticipate that AppFolio, Inc. will post 2.87 earnings per share for the current fiscal year. AppFolio Profile (Free Report) 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.
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Wall Street Analysts Look Bullish on AppFolio (APPF): Should You Buy?
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
