Capital Performance Advisors LLP Takes Position in AppFolio, Inc. (NASDAQ:APPF)

Capital Performance Advisors LLP purchased a new position in AppFolio, Inc. (NASDAQ:APPF) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 662 shares of the software maker’s stock, valued at approximately $156,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of APPF. Squarepoint Ops LLC raised its stake in shares of AppFolio by 188.2% during the 2nd quarter. Squarepoint Ops LLC now owns 185,034 shares of the software maker’s stock worth $45,254,000 after buying an additional 120,835 shares during the last quarter. Westwind Capital increased its holdings in AppFolio by 301.0% during the 2nd quarter. Westwind Capital now owns 149,240 shares of the software maker’s stock valued at $3,650,000 after acquiring an additional 112,024 shares in the last quarter. Los Angeles Capital Management LLC raised its position in AppFolio by 516.6% during the second quarter. Los Angeles Capital Management LLC now owns 109,850 shares of the software maker’s stock worth $26,866,000 after acquiring an additional 92,034 shares during the last quarter. Jackson Square Partners LLC purchased a new stake in shares of AppFolio in the first quarter valued at about $21,568,000. Finally, Vanguard Group Inc. grew its position in shares of AppFolio by 3.6% in the first quarter. Vanguard Group Inc. now owns 2,152,626 shares of the software maker’s stock valued at $531,139,000 after purchasing an additional 73,965 shares during the last quarter. 62.34% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO William Shane Trigg sold 3,501 shares of the company’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $218.98, for a total transaction of $766,648.98. Following the completion of the sale, the chief executive officer now directly owns 81,699 shares of the company’s stock, valued at approximately $17,890,447.02. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, major shareholder Maurice J. Duca sold 1,296 shares of the company’s stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $236.77, for a total value of $306,853.92. Following the completion of the transaction, the insider now directly owns 9,383 shares in the company, valued at approximately $2,221,612.91. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO William Shane Trigg sold 3,501 shares of the firm’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $218.98, for a total value of $766,648.98. Following the sale, the chief executive officer now owns 81,699 shares of the company’s stock, valued at $17,890,447.02. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 17,652 shares of company stock valued at $4,053,818. Company insiders own 5.24% of the company’s stock.

AppFolio Stock Down 0.8 %

Shares of APPF traded down $1.88 during mid-day trading on Friday, hitting $226.51. The company had a trading volume of 43,405 shares, compared to its average volume of 279,050. AppFolio, Inc. has a 1-year low of $164.29 and a 1-year high of $274.56. The business’s 50-day simple moving average is $221.39 and its 200-day simple moving average is $230.79. The stock has a market cap of $8.23 billion, a PE ratio of 63.62 and a beta of 0.83.

AppFolio (NASDAQ:APPF) last announced its quarterly earnings results on Thursday, October 24th. The software maker reported $1.29 earnings per share for the quarter, beating analysts’ consensus estimates of $1.03 by $0.26. The company had revenue of $206.00 million for the quarter, compared to analyst estimates of $199.11 million. AppFolio had a net margin of 17.26% and a return on equity of 30.64%. AppFolio’s revenue for the quarter was up 24.5% on a year-over-year basis. During the same quarter last year, the business earned $0.26 EPS. On average, sell-side analysts expect that AppFolio, Inc. will post 3.2 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Piper Sandler Companies reaffirmed an “overweight” rating and issued a $300.00 target price on shares of AppFolio in a research note on Friday, July 26th. DA Davidson increased their price objective on AppFolio from $285.00 to $300.00 and gave the company a “buy” rating in a research note on Friday, July 26th. KeyCorp cut their target price on shares of AppFolio from $300.00 to $252.00 and set an “overweight” rating for the company in a research note on Friday, October 25th. StockNews.com cut shares of AppFolio from a “buy” rating to a “hold” rating in a research note on Thursday, August 22nd. Finally, JPMorgan Chase & Co. lifted their price target on shares of AppFolio from $260.00 to $328.00 and gave the stock an “overweight” rating in a report on Wednesday, July 17th. One analyst has rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, AppFolio has a consensus rating of “Moderate Buy” and an average target price of $261.75.

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.