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

Truist Financial Corp raised its position in AppFolio, Inc. (NASDAQ:APPF) by 12.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,467 shares of the software maker’s stock after purchasing an additional 280 shares during the quarter. Truist Financial Corp’s holdings in AppFolio were worth $603,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. GAMMA Investing LLC boosted its holdings in AppFolio by 589.5% in the 2nd quarter. GAMMA Investing LLC now owns 131 shares of the software maker’s stock valued at $32,000 after purchasing an additional 112 shares during the last quarter. CWM LLC lifted its holdings in shares of AppFolio by 238.6% in the 2nd quarter. CWM LLC now owns 149 shares of the software maker’s stock worth $36,000 after acquiring an additional 105 shares during the last quarter. Advisors Asset Management Inc. lifted its holdings in shares of AppFolio by 291.3% in the 1st quarter. Advisors Asset Management Inc. now owns 180 shares of the software maker’s stock worth $44,000 after acquiring an additional 134 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings 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 last quarter. Finally, Quarry LP lifted its holdings in shares of AppFolio by 147.9% in the 2nd quarter. Quarry LP now owns 238 shares of the software maker’s stock worth $58,000 after acquiring an additional 142 shares during the last quarter. 62.34% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, major shareholder Klaus Schauser sold 1,000 shares of the stock in a transaction on Monday, July 22nd. The shares were sold at an average price of $270.00, for a total transaction of $270,000.00. Following the completion of the sale, the insider now owns 403,000 shares in the company, valued at $108,810,000. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, major shareholder Klaus Schauser sold 1,000 shares of the stock in a transaction on Monday, July 22nd. The shares were sold at an average price of $270.00, for a total transaction of $270,000.00. Following the completion of the sale, the insider now owns 403,000 shares in the company, valued at $108,810,000. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Maurice J. Duca sold 200 shares of the stock in a transaction on Monday, July 29th. The stock was sold at an average price of $232.52, for a total transaction of $46,504.00. Following the sale, the insider now owns 27,568 shares of the company’s stock, valued at approximately $6,410,111.36. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 34,941 shares of company stock worth $8,327,162 in the last 90 days. Company insiders own 9.15% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Piper Sandler upped their price objective on shares of AppFolio from $295.00 to $300.00 and gave the stock an “overweight” rating in a report on Friday, July 26th. KeyCorp upped their price objective on shares of AppFolio from $275.00 to $300.00 and gave the stock an “overweight” rating in a report on Friday, July 26th. DA Davidson upped their target price on shares of AppFolio from $285.00 to $300.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. StockNews.com downgraded shares of AppFolio from a “buy” rating to a “hold” rating in a research note on Thursday, August 22nd. Finally, JPMorgan Chase & Co. increased their price objective on shares of AppFolio from $260.00 to $328.00 and gave the company an “overweight” rating in a research report on Wednesday, July 17th. One research 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 MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $272.13.

AppFolio Price Performance

NASDAQ APPF opened at $201.97 on Wednesday. The firm’s fifty day moving average price is $226.04 and its 200 day moving average price is $232.83. The company has a market capitalization of $7.31 billion, a price-to-earnings ratio of 97.57 and a beta of 0.81. AppFolio, Inc. has a 12 month low of $164.29 and a 12 month high of $274.56.

AppFolio (NASDAQ:APPF) last posted its earnings results on Thursday, July 25th. The software maker reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $0.96 by $0.16. The firm had revenue of $197.38 million for the quarter, compared to the consensus estimate of $190.57 million. AppFolio had a net margin of 17.32% and a return on equity of 27.39%. The company’s revenue was up 34.2% on a year-over-year basis. During the same period last year, the firm posted ($0.53) EPS. As a group, sell-side analysts forecast 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.