Keefe, Bruyette & Woods Boosts AppFolio (NASDAQ:APPF) Price Target to $238.00

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

A number of other equities research analysts have also recently commented on the company. JPMorgan Chase & Co. increased 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. BTIG Research started coverage on shares of AppFolio in a research report on Friday, January 19th. They issued a buy rating and a $215.00 price objective for the company. Stephens reissued an overweight rating and set a $241.00 target price on shares of AppFolio in a research report on Friday, January 26th. Finally, KeyCorp raised their price target on shares of AppFolio from $264.00 to $275.00 and gave the stock an overweight rating in a report on Friday. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, AppFolio presently has a consensus rating of Moderate Buy and a consensus price target of $241.00.

AppFolio Trading Down 1.9 %

Shares of APPF opened at $238.05 on Friday. AppFolio has a 12 month low of $133.83 and a 12 month high of $256.73. The stock has a fifty day moving average price of $229.69 and a 200-day moving average price of $205.61. The firm has a market cap of $8.54 billion, a PE ratio of 115.00 and a beta of 0.80.

Insider Buying and Selling at AppFolio

In other news, Director Olivia Nottebohm sold 989 shares of the stock in a transaction on Friday, March 1st. The shares were sold at an average price of $241.75, for a total value of $239,090.75. Following the sale, the director now owns 1,909 shares in the company, valued at $461,500.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other AppFolio news, Director Blottnitz Andreas Von sold 4,500 shares of the business’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 transaction, the director now directly owns 5,449 shares of the company’s stock, valued at $1,234,525.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Olivia Nottebohm sold 989 shares of the company’s stock in a transaction that occurred on 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 sale, the director now owns 1,909 shares in the company, valued at approximately $461,500.75. The disclosure for this sale can be found here. In the last ninety days, insiders sold 15,489 shares of company stock worth $3,531,011. Company insiders own 9.15% of the company’s stock.

Institutional Trading of AppFolio

A number of hedge funds have recently added to or reduced their stakes in APPF. SG Americas Securities LLC acquired a new stake in AppFolio in the third quarter valued at approximately $531,000. Harbor Capital Advisors Inc. increased its holdings in AppFolio by 10.3% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 3,575 shares of the software maker’s stock worth $653,000 after acquiring an additional 334 shares in the last quarter. Cavalier Investments LLC raised its position in AppFolio by 3.8% during the third quarter. Cavalier Investments LLC now owns 9,678 shares of the software maker’s stock worth $1,767,000 after acquiring an additional 350 shares during the period. Arcadia Investment Management Corp MI lifted its holdings in AppFolio by 70.4% during the third quarter. Arcadia Investment Management Corp MI now owns 138 shares of the software maker’s stock valued at $25,000 after purchasing an additional 57 shares in the last quarter. Finally, Verdence Capital Advisors LLC lifted its holdings in AppFolio by 7.2% during the third quarter. Verdence Capital Advisors LLC now owns 2,059 shares of the software maker’s stock valued at $376,000 after purchasing an additional 139 shares in the last quarter. 62.34% of the stock is owned by hedge funds and other institutional investors.

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.