First Bank & Trust Purchases Shares of 1,205 AppFolio, Inc. (NASDAQ:APPF)

First Bank & Trust purchased a new stake in shares of AppFolio, Inc. (NASDAQ:APPF) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 1,205 shares of the software maker’s stock, valued at approximately $297,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in APPF. DGS Capital Management LLC bought a new stake in shares of AppFolio in the first quarter valued at approximately $1,294,000. Capital CS Group LLC bought a new stake in shares of AppFolio in the first quarter valued at approximately $655,000. Westwind Capital bought a new stake in shares of AppFolio in the first quarter valued at approximately $9,170,000. Los Angeles Capital Management LLC boosted its position in shares of AppFolio by 2.6% in the first quarter. Los Angeles Capital Management LLC now owns 17,816 shares of the software maker’s stock valued at $4,396,000 after acquiring an additional 449 shares during the period. Finally, Kapitalo Investimentos Ltda bought a new stake in shares of AppFolio in the fourth quarter valued at approximately $343,000. Institutional investors and hedge funds own 62.34% of the company’s stock.

Insider Buying and Selling at AppFolio

In other AppFolio news, Director Alexander Wolf sold 10,000 shares of AppFolio stock in a transaction on 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 directly owns 182,584 shares of the company’s stock, valued at $45,693,471.84. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, Director Alexander Wolf sold 10,000 shares of the firm’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $250.26, for a total value of $2,502,600.00. Following the completion of the sale, the director now directly owns 182,584 shares in the company, valued at $45,693,471.84. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Timothy K. Bliss sold 12,170 shares of the firm’s stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $241.31, for a total value of $2,936,742.70. The disclosure for this sale can be found here. Over the last three months, insiders sold 109,891 shares of company stock valued at $25,950,607. 9.15% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms have recently weighed in on APPF. Keefe, Bruyette & Woods increased their price objective on AppFolio from $215.00 to $238.00 and gave the company a “market perform” rating in a research report on Friday, April 26th. Stephens reissued an “overweight” rating and issued a $241.00 price objective on shares of AppFolio in a research report on Friday, April 26th. Piper Sandler started coverage on AppFolio in a research report on Monday, June 10th. They issued an “overweight” rating and a $295.00 target price for the company. Finally, KeyCorp raised their target price on AppFolio from $264.00 to $275.00 and gave the stock an “overweight” rating in a research report on Friday, April 26th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, AppFolio currently has an average rating of “Moderate Buy” and an average price target of $248.71.

AppFolio Stock Performance

Shares of NASDAQ APPF opened at $244.57 on Friday. The stock has a market cap of $8.86 billion, a PE ratio of 118.15 and a beta of 0.80. The business has a fifty day moving average of $235.25 and a two-hundred day moving average of $219.78. AppFolio, Inc. has a 52-week low of $164.29 and a 52-week high of $256.73.

AppFolio (NASDAQ:APPF) last issued its quarterly earnings data 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 company had revenue of $187.43 million during the quarter, compared to analysts’ expectations of $173.66 million. AppFolio had a return on equity of 13.51% and a net margin of 11.38%. Analysts predict that AppFolio, Inc. will post 2.85 earnings per share for the current year.

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.