Los Angeles Capital Management LLC Has $4.40 Million Position in AppFolio, Inc. (NASDAQ:APPF)

Los Angeles Capital Management LLC boosted its position in AppFolio, Inc. (NASDAQ:APPF) by 2.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 17,816 shares of the software maker’s stock after buying an additional 449 shares during the quarter. Los Angeles Capital Management LLC’s holdings in AppFolio were worth $4,396,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Zeno Equity Partners LLP bought a new stake in shares of AppFolio in the fourth quarter worth $30,000. USA Financial Formulas bought a new position in shares of AppFolio in the fourth quarter worth $59,000. BI Asset Management Fondsmaeglerselskab A S acquired a new position in AppFolio in the fourth quarter valued at about $64,000. Meeder Asset Management Inc. acquired a new position in AppFolio in the fourth quarter valued at about $85,000. Finally, Headlands Technologies LLC bought a new stake in AppFolio during the fourth quarter worth about $85,000. Institutional investors own 62.34% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on APPF shares. KeyCorp boosted their price objective on shares of AppFolio from $264.00 to $275.00 and gave the company an “overweight” rating in a research report on Friday, April 26th. Piper Sandler started coverage on shares of AppFolio in a research report on Monday, June 10th. They issued an “overweight” rating and a $295.00 target price on the stock. Keefe, Bruyette & Woods upped their price target on shares of AppFolio from $215.00 to $238.00 and gave the stock a “market perform” rating in a report on Friday, April 26th. Finally, Stephens reissued an “overweight” rating and set a $241.00 price objective on shares of AppFolio in a report on Friday, April 26th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $248.71.

AppFolio Price Performance

Shares of APPF opened at $231.87 on Friday. The business has a 50-day moving average of $232.33 and a 200-day moving average of $217.34. The company has a market capitalization of $8.40 billion, a price-to-earnings ratio of 112.02 and a beta of 0.80. AppFolio, Inc. has a 1 year low of $162.32 and a 1 year high of $256.73.

AppFolio (NASDAQ:APPF) last issued its quarterly earnings results on Thursday, April 25th. The software maker reported $0.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $0.09. AppFolio had a net margin of 11.38% and a return on equity of 13.51%. The firm had revenue of $187.43 million for the quarter, compared to the consensus estimate of $173.66 million. As a group, sell-side analysts anticipate that AppFolio, Inc. will post 2.85 EPS for the current year.

Insider Buying and Selling at AppFolio

In related news, Director Alexander Wolf sold 10,000 shares of the company’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $250.26, for a total transaction of $2,502,600.00. Following the sale, the director now owns 182,584 shares in the company, valued at approximately $45,693,471.84. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other AppFolio news, Director Alexander Wolf sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $250.26, for a total value of $2,502,600.00. Following the transaction, the director now directly owns 182,584 shares of the company’s stock, valued at $45,693,471.84. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Matthew S. Mazza sold 2,131 shares of the firm’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $249.46, for a total transaction of $531,599.26. Following the sale, the insider now directly owns 43,680 shares of the company’s stock, valued at approximately $10,896,412.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 94,631 shares of company stock valued at $22,354,915. 9.15% of the stock is currently owned by insiders.

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.