AppFolio Inc (NASDAQ:APPF) price target raised to $56.00 by Morgan Stanley

ME Staff
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Analyst Ratings For AppFolio Inc (NASDAQ:APPF)

Today, Morgan Stanley raised its price target on AppFolio Inc (NASDAQ:APPF) to $56.00 per share.

There are 2 Hold Ratings, 1 Sell Ratings, no Strong Buy Ratings, no Buy Ratings on the stock.

The current consensus rating on AppFolio Inc (NASDAQ:APPF) is Hold with a consensus target price of $45.50 per share, a potential 33.33% downside.

Some recent analyst ratings include

  • 11/6/2017-KeyCorp Reiterated Rating of Hold.
  • 8/8/2017-Credit Suisse Group Reiterated Rating of Neutral.
  • 5/8/2017-Pacific Crest Reiterated Rating of Hold.
  • 2/28/2017-William Blair Reiterated Rating of Outperform .

Recent Insider Trading Activity For AppFolio Inc (NASDAQ:APPF)
AppFolio Inc (NASDAQ:APPF) has insider ownership of 41.96% and institutional ownership of 27.13%.

  • On 5/8/2018 Ida Kathleen Kane, CFO, sold 5,000 with an average share price of $55.00 per share and the total transaction amounting to $275,000.00.
  • On 5/2/2018 Ida Kathleen Kane, CFO, sold 5,000 with an average share price of $50.00 per share and the total transaction amounting to $250,000.00.
  • On 4/17/2018 William R Rauth III, Director, sold 20,000 with an average share price of $44.42 per share and the total transaction amounting to $888,400.00.
  • On 1/26/2018 Jason Robert Randall, CEO, sold 25,000 with an average share price of $43.00 per share and the total transaction amounting to $1,075,000.00.
  • On 1/16/2018 William R Rauth III, Director, sold 20,000 with an average share price of $42.53 per share and the total transaction amounting to $850,600.00.
  • On 11/14/2017 Janet Kerr, Director, sold 1,576 with an average share price of $43.08 per share and the total transaction amounting to $67,894.08.
  • On 11/2/2017 Jonathan Walker, Insider, sold 30,000 with an average share price of $44.58 per share and the total transaction amounting to $1,337,400.00.

About AppFolio Inc (NASDAQ:APPF)
AppFolio, Inc. provides industry-specific cloud-based software solutions for small and medium-sized businesses in the property management and legal industries. It offers AppFolio Property Manager, a cloud-based software solution for the real estate market that provides property managers of various sizes and tools and services designed to streamline their property management businesses, such as posting and tracking vacancies, leasing vacant properties, and accounting, as well as facilitating tenant, owner, and vendor communications. The company also provides MyCase, a legal practice and case management solution that provides managing calendars, contacts and documents, time tracking, billing and collections, and communicating with clients and sharing sensitive and privileged materials for solo practitioners and small law firms. In addition, it offers Value+ services, such as its Website design, electronic payment services, tenant screening, insurance, contact center, premium leads, and tenant debt collections services. As of December 31, 2017, the company served 11,708 property manager customers; and 9,349 solo practitioners and small law firms. AppFolio, Inc. was founded in 2006 and is headquartered in Santa Barbara, California.

Recent Trading Activity for AppFolio Inc (NASDAQ:APPF)
Shares of AppFolio Inc closed the previous trading session at 69,60 up +7,75 12,53 % with 64.4 shares trading hands.