Diversified Trust Co Invests $619,000 in AppFolio, Inc. (NASDAQ:APPF)

Diversified Trust Co bought a new stake in shares of AppFolio, Inc. (NASDAQ:APPF) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 2,510 shares of the software maker’s stock, valued at approximately $619,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in APPF. Verdence Capital Advisors LLC boosted its stake in AppFolio by 2.7% during the 4th quarter. Verdence Capital Advisors LLC now owns 2,114 shares of the software maker’s stock valued at $366,000 after purchasing an additional 55 shares in the last quarter. Harbor Capital Advisors Inc. raised its position in shares of AppFolio by 3.2% during the fourth quarter. Harbor Capital Advisors Inc. now owns 3,691 shares of the software maker’s stock worth $639,000 after purchasing an additional 116 shares during the period. Zeno Equity Partners LLP purchased a new stake in shares of AppFolio during the fourth quarter valued at $30,000. Capstone Investment Advisors LLC increased its stake in AppFolio by 5.2% in the 4th quarter. Capstone Investment Advisors LLC now owns 5,158 shares of the software maker’s stock worth $894,000 after purchasing an additional 257 shares in the last quarter. Finally, UBS Group AG raised its holdings in shares of AppFolio by 2.7% during the third quarter. UBS Group AG now owns 12,232 shares of the software maker’s stock valued at $2,234,000 after acquiring an additional 318 shares during the period. Institutional investors own 62.34% of the company’s stock.

Insider Transactions at AppFolio

In other AppFolio news, major shareholder Maurice J. Duca sold 2,100 shares of AppFolio stock in a transaction on Friday, June 14th. The shares were sold at an average price of $231.20, for a total transaction of $485,520.00. Following the sale, the insider now owns 55,000 shares in the company, valued at $12,716,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other AppFolio news, Director Alexander Wolf sold 10,000 shares of the business’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $250.26, for a total value of $2,502,600.00. Following the transaction, the director now directly owns 182,584 shares in the company, valued at $45,693,471.84. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, major shareholder Maurice J. Duca sold 2,100 shares of AppFolio stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $231.20, for a total transaction of $485,520.00. Following the completion of the transaction, the insider now owns 55,000 shares of the company’s stock, valued at approximately $12,716,000. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 118,091 shares of company stock worth $27,953,693. 9.15% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

APPF has been the subject of several research analyst reports. Piper Sandler initiated coverage on AppFolio in a research note on Monday, June 10th. They issued an “overweight” rating and a $295.00 price objective for the company. KeyCorp raised their price target on AppFolio from $264.00 to $275.00 and gave the stock an “overweight” rating in a research note on Friday, April 26th. Keefe, Bruyette & Woods increased their price objective on AppFolio from $215.00 to $238.00 and gave the stock a “market perform” rating in a report on Friday, April 26th. Finally, Stephens restated an “overweight” rating and set a $241.00 price target on shares of AppFolio in a research note on Friday, April 26th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $248.71.

AppFolio Trading Up 1.1 %

NASDAQ:APPF opened at $249.97 on Thursday. The firm has a market capitalization of $9.05 billion, a PE ratio of 120.76 and a beta of 0.80. AppFolio, Inc. has a 1 year low of $164.29 and a 1 year high of $256.73. The firm’s fifty day simple moving average is $237.06 and its 200 day simple moving average is $221.17.

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

AppFolio 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.