1,978 Shares in AppFolio, Inc. (NASDAQ:APPF) Acquired by Kapitalo Investimentos Ltda

Kapitalo Investimentos Ltda acquired a new position in shares of AppFolio, Inc. (NASDAQ:APPF) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 1,978 shares of the software maker’s stock, valued at approximately $343,000.

Several other institutional investors have also recently modified their holdings of the stock. Quadrature Capital Ltd grew its stake in AppFolio by 4.4% in the 4th quarter. Quadrature Capital Ltd now owns 53,553 shares of the software maker’s stock worth $9,280,000 after acquiring an additional 2,266 shares during the period. Vanguard Group Inc. grew its stake in AppFolio by 3.8% in the 4th quarter. Vanguard Group Inc. now owns 2,078,661 shares of the software maker’s stock worth $360,107,000 after acquiring an additional 76,934 shares during the period. Wellington Management Group LLP purchased a new stake in AppFolio in the 4th quarter worth approximately $18,636,000. Goldman Sachs Group Inc. grew its stake in AppFolio by 148.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 121,257 shares of the software maker’s stock worth $21,007,000 after acquiring an additional 72,371 shares during the period. Finally, Zeno Equity Partners LLP purchased a new stake in AppFolio in the 4th quarter worth approximately $30,000. 62.34% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Timothy K. Bliss sold 41,730 shares of the stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $232.32, for a total transaction of $9,694,713.60. Following the sale, the director now owns 58,270 shares in the company, valued at $13,537,286.40. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, Director Timothy K. Bliss sold 41,730 shares of the stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $232.32, for a total transaction of $9,694,713.60. Following the sale, the director now owns 58,270 shares in the company, valued at $13,537,286.40. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Alexander Wolf sold 10,000 shares of the company’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $250.26, for a total transaction of $2,502,600.00. Following the completion of the transaction, the director now owns 182,584 shares of the company’s stock, valued at approximately $45,693,471.84. The disclosure for this sale can be found here. Insiders have sold a total of 94,631 shares of company stock worth $22,354,915 over the last quarter. 9.15% of the stock is owned by company insiders.

AppFolio Stock Performance

Shares of AppFolio stock opened at $231.76 on Wednesday. The firm has a market cap of $8.39 billion, a PE ratio of 111.96 and a beta of 0.80. The firm’s 50-day simple moving average is $232.05 and its 200-day simple moving average is $217.14. AppFolio, Inc. has a 1 year low of $162.32 and a 1 year high of $256.73.

AppFolio (NASDAQ:APPF) last issued its earnings results on Thursday, April 25th. The software maker reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.09. The business had revenue of $187.43 million for the quarter, compared to analyst estimates of $173.66 million. AppFolio had a net margin of 11.38% and a return on equity of 13.51%. On average, equities analysts predict that AppFolio, Inc. will post 2.85 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have commented on APPF. Keefe, Bruyette & Woods lifted their target price on shares of AppFolio from $215.00 to $238.00 and gave the stock a “market perform” rating in a research note on Friday, April 26th. Stephens reaffirmed an “overweight” rating and set a $241.00 price target on shares of AppFolio in a research report on Friday, April 26th. KeyCorp upped their price target on shares of AppFolio from $264.00 to $275.00 and gave the stock an “overweight” rating in a research report on Friday, April 26th. Finally, Piper Sandler assumed coverage on shares of AppFolio in a research report on Monday, June 10th. They set an “overweight” rating and a $295.00 price target for the company. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $248.71.

AppFolio Company Profile

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.