1,200 Shares in AppFolio, Inc. (NASDAQ:APPF) Acquired by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. acquired a new stake in AppFolio, Inc. (NASDAQ:APPF) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,200 shares of the software maker’s stock, valued at approximately $282,000.

A number of other hedge funds also recently modified their holdings of APPF. Comerica Bank lifted its holdings in AppFolio by 129.9% during the 1st quarter. Comerica Bank now owns 13,683 shares of the software maker’s stock worth $3,376,000 after purchasing an additional 7,732 shares during the last quarter. DekaBank Deutsche Girozentrale bought a new position in AppFolio during the 1st quarter worth $235,000. GAMMA Investing LLC lifted its holdings in shares of AppFolio by 589.5% during the second quarter. GAMMA Investing LLC now owns 131 shares of the software maker’s stock worth $32,000 after buying an additional 112 shares in the last quarter. Harbor Capital Advisors Inc. raised its stake in AppFolio by 9.3% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 3,374 shares of the software maker’s stock worth $825,000 after purchasing an additional 287 shares in the last quarter. Finally, CWM LLC boosted its holdings in AppFolio by 238.6% in the 2nd quarter. CWM LLC now owns 149 shares of the software maker’s stock valued at $36,000 after purchasing an additional 105 shares during the period. Institutional investors and hedge funds own 62.34% of the company’s stock.

Insider Buying and Selling

In related news, insider Matthew S. Mazza sold 5,090 shares of the stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $236.24, for a total value of $1,202,461.60. Following the completion of the sale, the insider now directly owns 28,266 shares in the company, valued at $6,677,559.84. This represents a 15.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Maurice J. Duca sold 200 shares of the firm’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $232.18, for a total value of $46,436.00. Following the transaction, the insider now directly owns 18,922 shares of the company’s stock, valued at approximately $4,393,309.96. This represents a 1.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 24,461 shares of company stock worth $5,766,272 in the last 90 days. Insiders own 5.24% of the company’s stock.

AppFolio Trading Down 0.4 %

APPF stock opened at $253.75 on Monday. The firm has a 50-day moving average price of $225.24 and a 200-day moving average price of $231.17. AppFolio, Inc. has a 12 month low of $164.29 and a 12 month high of $274.56. The stock has a market capitalization of $9.22 billion, a P/E ratio of 70.68 and a beta of 0.83.

AppFolio (NASDAQ:APPF) last posted its earnings results on Thursday, October 24th. The software maker reported $1.29 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.26. AppFolio had a net margin of 17.26% and a return on equity of 30.64%. The firm had revenue of $206.00 million for the quarter, compared to analysts’ expectations of $199.11 million. During the same quarter in the previous year, the firm posted $0.26 earnings per share. The company’s revenue was up 24.5% on a year-over-year basis. As a group, equities analysts predict that AppFolio, Inc. will post 3.23 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Keefe, Bruyette & Woods downgraded AppFolio from a “market perform” rating to an “underperform” rating and reduced their price target for the stock from $255.00 to $193.00 in a research report on Tuesday, October 15th. StockNews.com downgraded shares of AppFolio from a “buy” rating to a “hold” rating in a research note on Thursday, August 22nd. Piper Sandler decreased their target price on shares of AppFolio from $300.00 to $265.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. Finally, KeyCorp cut their price target on shares of AppFolio from $300.00 to $252.00 and set an “overweight” rating for the company in a report on Friday, October 25th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, AppFolio has an average rating of “Moderate Buy” and an average target price of $261.75.

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.