Claro Advisors LLC Invests $252,000 in AppFolio, Inc. (NASDAQ:APPF)

Claro Advisors LLC acquired a new stake in AppFolio, Inc. (NASDAQ:APPF) in the 3rd quarter, Holdings Channel.com reports. The fund acquired 1,069 shares of the software maker’s stock, valued at approximately $252,000.

Several other large investors have also recently modified their holdings of the business. Brighton Jones LLC grew its holdings in AppFolio by 0.9% in the second quarter. Brighton Jones LLC now owns 5,805 shares of the software maker’s stock worth $1,420,000 after purchasing an additional 49 shares during the period. Blue Trust Inc. increased its stake 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 buying an additional 54 shares during the last quarter. ProShare Advisors LLC increased its position in shares of AppFolio by 2.9% during the second quarter. ProShare Advisors LLC now owns 3,630 shares of the software maker’s stock valued at $888,000 after acquiring an additional 102 shares during the last quarter. CWM LLC raised its stake in shares of AppFolio by 238.6% during the 2nd quarter. CWM LLC now owns 149 shares of the software maker’s stock worth $36,000 after purchasing an additional 105 shares during the period. Finally, GAMMA Investing LLC boosted its stake in AppFolio by 589.5% in the second quarter. GAMMA Investing LLC now owns 131 shares of the software maker’s stock valued at $32,000 after acquiring an additional 112 shares during the last quarter. Institutional investors own 62.34% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on APPF shares. StockNews.com downgraded shares of AppFolio from a “buy” rating to a “hold” rating in a report on Thursday, August 22nd. KeyCorp dropped their price target on AppFolio from $300.00 to $252.00 and set an “overweight” rating for the company in a research report on Friday, October 25th. Keefe, Bruyette & Woods downgraded AppFolio from a “market perform” rating to an “underperform” rating and lowered their price target for the company from $255.00 to $193.00 in a research report on Tuesday, October 15th. DA Davidson increased their target price on shares of AppFolio from $285.00 to $300.00 and gave the company a “buy” rating in a report on Friday, July 26th. Finally, Piper Sandler reduced their price target on AppFolio from $300.00 to $265.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. One analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, AppFolio currently has a consensus rating of “Moderate Buy” and an average target price of $261.75.

Insider Buying and Selling at AppFolio

In related news, insider Matthew S. Mazza sold 926 shares of the business’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $229.04, for a total transaction of $212,091.04. Following the completion of the transaction, the insider now owns 33,819 shares in the company, valued at $7,745,903.76. The trade was a 2.67 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Maurice J. Duca sold 500 shares of the stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $232.59, for a total value of $116,295.00. Following the completion of the sale, the insider now owns 22,997 shares in the company, valued at approximately $5,348,872.23. The trade was a 2.13 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 21,296 shares of company stock worth $4,981,684 over the last 90 days. Company insiders own 5.24% of the company’s stock.

AppFolio Stock Down 0.3 %

Shares of APPF opened at $228.55 on Wednesday. AppFolio, Inc. has a 52 week low of $164.29 and a 52 week high of $274.56. The stock has a market cap of $8.30 billion, a price-to-earnings ratio of 63.66 and a beta of 0.83. The business has a 50-day simple moving average of $222.16 and a two-hundred day simple moving average of $231.04.

AppFolio (NASDAQ:APPF) last issued its earnings results on Thursday, October 24th. The software maker reported $1.29 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.26. AppFolio had a net margin of 17.26% and a return on equity of 30.64%. The firm had revenue of $206.00 million during the quarter, compared to analyst estimates of $199.11 million. During the same quarter in the prior year, the business earned $0.26 earnings per share. AppFolio’s revenue for the quarter was up 24.5% on a year-over-year basis. On average, equities analysts anticipate that AppFolio, Inc. will post 3.23 earnings per share for the current fiscal year.

About AppFolio

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.