Short Interest in AppFolio, Inc. (NASDAQ:APPF) Rises By 80.4%

AppFolio, Inc. (NASDAQ:APPF) was the target of a large increase in short interest in the month of January. As of January 31st, there was short interest totalling 707,900 shares, an increase of 80.4% from the January 15th total of 392,300 shares. Based on an average daily trading volume, of 229,200 shares, the short-interest ratio is presently 3.1 days.

AppFolio Trading Up 1.1 %

NASDAQ APPF opened at $217.32 on Friday. The company has a fifty day simple moving average of $246.82 and a 200 day simple moving average of $233.49. AppFolio has a 12-month low of $189.01 and a 12-month high of $274.56. The company has a market cap of $7.90 billion, a P/E ratio of 39.16 and a beta of 0.88.

AppFolio (NASDAQ:APPF) last posted its quarterly earnings results on Thursday, January 30th. The software maker reported $0.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.34). AppFolio had a net margin of 25.69% and a return on equity of 26.21%. Sell-side analysts predict that AppFolio will post 3.96 EPS for the current year.

Insider Buying and Selling

In other AppFolio news, major shareholder Maurice J. Duca sold 1,059 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $229.10, for a total transaction of $242,616.90. Following the completion of the transaction, the insider now owns 9,388 shares in the company, valued at approximately $2,150,790.80. This trade represents a 10.14 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Matthew S. Mazza sold 838 shares of the firm’s stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $255.30, for a total transaction of $213,941.40. Following the transaction, the insider now owns 22,701 shares of the company’s stock, valued at approximately $5,795,565.30. The trade was a 3.56 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 15,090 shares of company stock worth $3,739,804 in the last ninety days. Company insiders own 5.24% of the company’s stock.

Institutional Trading of AppFolio

Hedge funds have recently bought and sold shares of the business. Blue Trust Inc. grew its position in AppFolio by 85.7% in the 3rd quarter. Blue Trust Inc. now owns 117 shares of the software maker’s stock valued at $29,000 after purchasing an additional 54 shares during the period. UMB Bank n.a. boosted its holdings in AppFolio by 193.0% during the 4th quarter. UMB Bank n.a. now owns 167 shares of the software maker’s stock worth $41,000 after acquiring an additional 110 shares during the last quarter. Arcadia Investment Management Corp MI purchased a new position in AppFolio during the 4th quarter worth $50,000. Aster Capital Management DIFC Ltd boosted its holdings in AppFolio by 10,300.0% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 208 shares of the software maker’s stock worth $51,000 after acquiring an additional 206 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in AppFolio by 1,485.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 222 shares of the software maker’s stock worth $55,000 after acquiring an additional 208 shares during the last quarter. Institutional investors and hedge funds own 85.19% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on APPF. Piper Sandler restated a “neutral” rating and set a $265.00 price target on shares of AppFolio in a report on Friday, January 31st. Stephens restated an “overweight” rating and set a $295.00 price target on shares of AppFolio in a report on Friday, January 31st. KeyCorp lowered shares of AppFolio from an “overweight” rating to a “sector weight” rating and set a $253.00 price objective for the company. in a research note on Friday, January 10th. Finally, William Blair reiterated an “outperform” rating on shares of AppFolio in a research note on Friday, January 31st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $276.29.

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.