AppFolio (NASDAQ:APPF) Share Price Crosses Above 50-Day Moving Average – Time to Sell?

AppFolio, Inc. (NASDAQ:APPF) shares crossed above its 50-day moving average during trading on Monday. The stock has a 50-day moving average of $212.29 and traded as high as $218.54. AppFolio shares last traded at $214.32, with a volume of 551,426 shares changing hands.

Analyst Upgrades and Downgrades

APPF has been the subject of a number of analyst reports. KeyCorp reiterated an “overweight” rating on shares of AppFolio in a report on Wednesday, October 14th. UBS Group boosted their price target on AppFolio from $220.00 to $240.00 and gave the company a “neutral” rating in a report on Friday. Weiss Ratings raised AppFolio from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. Keefe, Bruyette & Woods increased their price objective on AppFolio from $233.00 to $255.00 and gave the stock an “outperform” rating in a report on Wednesday, October 21st. Finally, DA Davidson lifted their price objective on AppFolio from $240.00 to $250.00 and gave the stock a “buy” rating in a research report on Friday. Nine investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, AppFolio currently has an average rating of “Moderate Buy” and a consensus price target of $250.00.

AppFolio Stock Up 1.8%

The company’s fifty day simple moving average is $212.29 and its 200 day simple moving average is $184.25. The firm has a market capitalization of $7.59 billion, a PE ratio of 45.22 and a beta of 0.89.

AppFolio (NASDAQ:APPF) last posted its earnings results on Thursday, October 22nd. The software maker reported $1.82 earnings per share for the quarter, topping analysts’ consensus estimates of $1.79 by $0.03. AppFolio had a return on equity of 33.56% and a net margin of 15.62%. The firm had revenue of $295.69 million for the quarter, compared to the consensus estimate of $294.46 million. During the same quarter in the prior year, the business earned $1.31 EPS. The business’s revenue for the quarter was up 18.5% on a year-over-year basis. Equities research analysts forecast that AppFolio, Inc. will post 5.19 EPS for the current year.

Insider Activity at AppFolio

In related news, CFO Timothy Eaton sold 373 shares of AppFolio stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $202.61, for a total transaction of $75,573.53. Following the sale, the chief financial officer directly owned 16,714 shares in the company, valued at $3,386,423.54. The trade was a 2.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Maurice Duca sold 2,656 shares of the company’s stock in a transaction on Friday, August 21st. The stock was sold at an average price of $221.85, for a total value of $589,233.60. Following the completion of the sale, the insider directly owned 8,000 shares in the company, valued at approximately $1,774,800. The trade was a 24.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 131,117 shares of company stock worth $25,999,585 over the last 90 days. 1.57% of the stock is currently owned by corporate insiders.

Institutional Trading of AppFolio

Hedge funds have recently modified their holdings of the business. Optiver Holding B.V. grew its position in shares of AppFolio by 827.8% in the 1st quarter. Optiver Holding B.V. now owns 167 shares of the software maker’s stock worth $26,000 after buying an additional 149 shares during the period. Hilton Head Capital Partners LLC bought a new position in shares of AppFolio in the 3rd quarter worth about $40,000. Integrated Wealth Concepts LLC bought a new position in shares of AppFolio in the 2nd quarter worth about $36,000. Versant Capital Management Inc lifted its position in AppFolio by 169.0% during the 2nd quarter. Versant Capital Management Inc now owns 452 shares of the software maker’s stock valued at $72,000 after acquiring an additional 284 shares during the period. Finally, Signaturefd LLC lifted its position in AppFolio by 30.8% during the 3rd quarter. Signaturefd LLC now owns 612 shares of the software maker’s stock valued at $123,000 after acquiring an additional 144 shares during the period. Institutional investors own 85.19% of the company’s stock.

AppFolio Company Profile

AppFolio, Inc is a cloud-based software company that provides technology solutions for the real estate industry. Its platform is designed primarily for property management businesses, helping them manage accounting, leasing, maintenance, communications, payments, reporting and other operational activities through a centralized system.

The company’s products serve a range of property managers, including those overseeing residential, commercial, community association, student housing and senior living properties.