Barclays PLC Has $2.33 Million Position in AppFolio, Inc. (NASDAQ:APPF)

Barclays PLC lifted its holdings in AppFolio, Inc. (NASDAQ:APPF) by 20.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,888 shares of the software maker’s stock after buying an additional 1,681 shares during the period. Barclays PLC’s holdings in AppFolio were worth $2,327,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of APPF. Public Employees Retirement System of Ohio grew its stake in AppFolio by 5.3% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 8,824 shares of the software maker’s stock valued at $2,077,000 after acquiring an additional 442 shares in the last quarter. Main Management ETF Advisors LLC acquired a new stake in shares of AppFolio during the third quarter worth approximately $731,000. Zacks Investment Management grew its position in AppFolio by 9.0% during the third quarter. Zacks Investment Management now owns 8,905 shares of the software maker’s stock valued at $2,096,000 after purchasing an additional 732 shares in the last quarter. DF Dent & Co. Inc. increased its stake in AppFolio by 10.1% in the 3rd quarter. DF Dent & Co. Inc. now owns 351,691 shares of the software maker’s stock valued at $82,788,000 after buying an additional 32,181 shares during the period. Finally, Worldquant Millennium Advisors LLC purchased a new stake in AppFolio in the 3rd quarter worth approximately $213,000. 85.19% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

APPF has been the topic of a number of research reports. Keefe, Bruyette & Woods downgraded shares of AppFolio from a “market perform” rating to an “underperform” rating and dropped their price target for the stock from $255.00 to $193.00 in a research note on Tuesday, October 15th. Piper Sandler cut their price target on AppFolio from $300.00 to $265.00 and set an “overweight” rating for the company in a research note on Friday, October 25th. Finally, KeyCorp lowered their price target on AppFolio from $300.00 to $252.00 and set an “overweight” rating for the company in a research note on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $261.75.

AppFolio Stock Up 1.5 %

Shares of AppFolio stock opened at $252.67 on Thursday. AppFolio, Inc. has a 12-month low of $164.29 and a 12-month high of $274.56. The stock has a 50 day moving average price of $236.53 and a two-hundred day moving average price of $234.15. The stock has a market capitalization of $9.18 billion, a P/E ratio of 70.38 and a beta of 0.86.

AppFolio (NASDAQ:APPF) last posted its quarterly earnings data on Thursday, October 24th. The software maker reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.26. The business had revenue of $206.00 million during the quarter, compared to the consensus estimate of $199.11 million. AppFolio had a net margin of 17.26% and a return on equity of 30.64%. AppFolio’s quarterly revenue was up 24.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.26 EPS. Sell-side analysts anticipate that AppFolio, Inc. will post 3.23 earnings per share for the current year.

Insider Transactions at AppFolio

In other news, insider Matthew S. Mazza sold 700 shares of the firm’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $255.50, for a total value of $178,850.00. Following the sale, the insider now owns 27,566 shares in the company, valued at approximately $7,043,113. This trade represents a 2.48 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Maurice J. Duca sold 2,510 shares of the company’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $229.21, for a total transaction of $575,317.10. Following the transaction, the insider now owns 2,459 shares of the company’s stock, valued at approximately $563,627.39. The trade was a 50.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 23,768 shares of company stock worth $5,744,891. Company insiders own 5.24% of the company’s stock.

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.