AppFolio, Inc. (NASDAQ:APPF) Shares Bought by Stifel Financial Corp

Stifel Financial Corp raised its stake in AppFolio, Inc. (NASDAQ:APPF) by 45.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,853 shares of the software maker’s stock after purchasing an additional 575 shares during the quarter. Stifel Financial Corp’s holdings in AppFolio were worth $436,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Blue Trust Inc. grew its position in AppFolio by 85.7% in the 3rd quarter. Blue Trust Inc. now owns 117 shares of the software maker’s stock valued at $29,000 after buying an additional 54 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in shares of AppFolio by 688.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 213 shares of the software maker’s stock worth $52,000 after acquiring an additional 186 shares during the period. Quarry LP boosted its holdings in shares of AppFolio by 147.9% in the second quarter. Quarry LP now owns 238 shares of the software maker’s stock valued at $58,000 after acquiring an additional 142 shares in the last quarter. True Wealth Design LLC acquired a new position in shares of AppFolio during the third quarter worth about $79,000. Finally, Advisors Asset Management Inc. increased its stake in shares of AppFolio by 56.6% during the third quarter. Advisors Asset Management Inc. now owns 390 shares of the software maker’s stock worth $92,000 after acquiring an additional 141 shares during the period. Hedge funds and other institutional investors own 85.19% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on APPF. KeyCorp reduced their price objective on shares of AppFolio from $300.00 to $252.00 and set an “overweight” rating for the company in a research report on Friday, October 25th. Keefe, Bruyette & Woods cut AppFolio from a “market perform” rating to an “underperform” rating and reduced their price target for the company from $255.00 to $193.00 in a report on Tuesday, October 15th. Finally, 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 research report on Friday, October 25th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $261.75.

Insiders Place Their Bets

In other news, insider Matthew S. Mazza sold 700 shares of AppFolio stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $255.50, for a total transaction of $178,850.00. Following the sale, the insider now directly owns 27,566 shares of the company’s stock, valued at approximately $7,043,113. The trade was a 2.48 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Maurice J. Duca sold 2,510 shares of AppFolio stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $229.21, for a total value of $575,317.10. Following the sale, the insider now owns 2,459 shares in the company, valued at $563,627.39. This represents a 50.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 23,768 shares of company stock worth $5,744,891 in the last 90 days. 5.24% of the stock is owned by company insiders.

AppFolio Stock Down 1.0 %

APPF opened at $249.89 on Friday. The firm has a market cap of $9.08 billion, a P/E ratio of 69.61 and a beta of 0.86. The business’s fifty day simple moving average is $238.52 and its 200 day simple moving average is $234.41. AppFolio, Inc. has a 52 week low of $164.29 and a 52 week high of $274.56.

AppFolio (NASDAQ:APPF) last issued its quarterly earnings results on Thursday, October 24th. The software maker reported $1.29 EPS for the quarter, topping analysts’ consensus estimates 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%. The company’s quarterly revenue was up 24.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.26 earnings per share. As a group, equities analysts expect that AppFolio, Inc. will post 3.23 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.