AppFolio, Inc. (NASDAQ:APPF) Holdings Decreased by Blair William & Co. IL

Blair William & Co. IL reduced its stake in shares of AppFolio, Inc. (NASDAQ:APPF) by 2.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 60,819 shares of the software maker’s stock after selling 1,446 shares during the quarter. Blair William & Co. IL owned about 0.17% of AppFolio worth $14,875,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Private Advisor Group LLC raised its position in AppFolio by 19.9% in the fourth quarter. Private Advisor Group LLC now owns 2,100 shares of the software maker’s stock worth $364,000 after acquiring an additional 348 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in AppFolio by 13.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 170,239 shares of the software maker’s stock worth $29,492,000 after acquiring an additional 20,166 shares in the last quarter. Principal Financial Group Inc. raised its position in AppFolio by 12.3% in the fourth quarter. Principal Financial Group Inc. now owns 6,165 shares of the software maker’s stock worth $1,068,000 after acquiring an additional 673 shares in the last quarter. Norges Bank bought a new stake in AppFolio in the fourth quarter worth about $38,458,000. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new stake in AppFolio in the fourth quarter worth about $64,000. 62.34% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

APPF has been the topic of several research reports. JPMorgan Chase & Co. boosted their price target on shares of AppFolio from $260.00 to $328.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 17th. Piper Sandler boosted their price target on shares of AppFolio from $295.00 to $300.00 and gave the stock an “overweight” rating in a research report on Friday, July 26th. KeyCorp lifted their price target on AppFolio from $275.00 to $300.00 and gave the stock an “overweight” rating in a research note on Friday, July 26th. DA Davidson lifted their price target on AppFolio from $285.00 to $300.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Finally, Piper Sandler Companies reissued an “overweight” rating and issued a $300.00 price target on shares of AppFolio in a research note on Friday, July 26th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $277.75.

Insider Buying and Selling at AppFolio

In related news, major shareholder Klaus Schauser sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, July 22nd. The stock was sold at an average price of $270.00, for a total value of $270,000.00. Following the completion of the sale, the insider now owns 403,000 shares of the company’s stock, valued at approximately $108,810,000. The sale was disclosed in a document filed with the SEC, which is available at this link. In related news, major shareholder Klaus Schauser sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, July 22nd. The stock was sold at an average price of $270.00, for a total value of $270,000.00. Following the completion of the sale, the insider now owns 403,000 shares of the company’s stock, valued at approximately $108,810,000. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO William Shane Trigg sold 3,501 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $218.98, for a total value 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. The disclosure for this sale can be found here. Insiders have sold a total of 55,051 shares of company stock valued at $13,273,855 in the last 90 days. 9.15% of the stock is currently owned by corporate insiders.

AppFolio Price Performance

NASDAQ:APPF opened at $231.82 on Friday. AppFolio, Inc. has a fifty-two week low of $164.29 and a fifty-two week high of $274.56. The stock’s 50-day moving average is $231.66 and its two-hundred day moving average is $233.17. The stock has a market cap of $8.39 billion, a PE ratio of 111.99 and a beta of 0.81.

AppFolio (NASDAQ:APPF) last released its earnings results on Thursday, July 25th. The software maker reported $1.12 earnings per share for the quarter, beating the consensus estimate of $0.96 by $0.16. AppFolio had a return on equity of 27.39% and a net margin of 17.32%. The company had revenue of $197.38 million for the quarter, compared to analysts’ expectations of $190.57 million. During the same quarter in the previous year, the business posted ($0.53) EPS. The business’s revenue for the quarter was up 34.2% on a year-over-year basis. On average, equities research analysts anticipate that AppFolio, Inc. will post 3.04 earnings per share for the current 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.