AppFolio, Inc. (NASDAQ:APPF) was downgraded by BidaskClub from a “strong-buy” rating to a “buy” rating in a note issued to investors on Friday.

A number of other equities analysts have also weighed in on APPF. Zacks Investment Research lowered shares of AppFolio from a “buy” rating to a “hold” rating in a research report on Friday, July 21st. Morgan Stanley raised their price objective on shares of AppFolio to $33.00 and gave the company an “equal weight” rating in a research report on Thursday, July 20th. Finally, Pacific Crest restated a “hold” rating on shares of AppFolio in a research report on Monday, May 8th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $31.33.

Shares of AppFolio (NASDAQ:APPF) traded up 1.60% on Friday, hitting $35.00. 140,077 shares of the stock were exchanged. The stock’s 50-day moving average is $33.42 and its 200-day moving average is $27.75. AppFolio has a 1-year low of $14.86 and a 1-year high of $36.53. The stock’s market cap is $430.04 million.

AppFolio (NASDAQ:APPF) last announced its earnings results on Friday, May 5th. The software maker reported $0.02 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.07) by $0.09. AppFolio had a negative net margin of 3.51% and a negative return on equity of 5.77%. The company had revenue of $32.13 million during the quarter, compared to the consensus estimate of $30.20 million. Analysts forecast that AppFolio will post $0.14 earnings per share for the current year.

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In other news, major shareholder William E. Oberndorf sold 3,250 shares of the business’s stock in a transaction on Tuesday, May 9th. The shares were sold at an average price of $27.00, for a total transaction of $87,750.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider William E. Oberndorf sold 220,000 shares of the business’s stock in a transaction on Monday, June 19th. The shares were sold at an average price of $31.25, for a total transaction of $6,875,000.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,091,961 shares of company stock worth $34,581,450. 44.77% of the stock is currently owned by company insiders.

Institutional investors have recently made changes to their positions in the company. Sei Investments Co. boosted its position in shares of AppFolio by 50,928.6% in the second quarter. Sei Investments Co. now owns 3,572 shares of the software maker’s stock worth $117,000 after buying an additional 3,565 shares during the last quarter. American International Group Inc. raised its stake in AppFolio by 7.2% in the first quarter. American International Group Inc. now owns 4,683 shares of the software maker’s stock valued at $127,000 after buying an additional 314 shares during the last quarter. UBS Group AG raised its stake in AppFolio by 232.9% in the first quarter. UBS Group AG now owns 5,187 shares of the software maker’s stock valued at $142,000 after buying an additional 3,629 shares during the last quarter. Russell Investments Group Ltd. acquired a new stake in AppFolio during the second quarter valued at approximately $178,000. Finally, First Quadrant L P CA acquired a new stake in AppFolio during the second quarter valued at approximately $225,000. Institutional investors own 16.73% of the company’s stock.

AppFolio Company Profile

AppFolio, Inc is a provider of industry-specific, cloud-based software solutions for small and medium-sized businesses (SMBs) in the property management and legal industries. The Company’s mobile-optimized software solutions enable its customers to work at any time and from anywhere across multiple devices.

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