XTX Topco Ltd Buys New Stake in AppFolio, Inc. (NASDAQ:APPF)

XTX Topco Ltd bought a new stake in AppFolio, Inc. (NASDAQ:APPF) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 3,302 shares of the software maker’s stock, valued at approximately $808,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. GAMMA Investing LLC grew its holdings in shares of AppFolio by 589.5% in the second quarter. GAMMA Investing LLC now owns 131 shares of the software maker’s stock valued at $32,000 after purchasing an additional 112 shares in the last quarter. CWM LLC boosted its stake in AppFolio by 238.6% during the second quarter. CWM LLC now owns 149 shares of the software maker’s stock worth $36,000 after buying an additional 105 shares during the period. Advisors Asset Management Inc. boosted its stake in AppFolio by 291.3% during the first quarter. Advisors Asset Management Inc. now owns 180 shares of the software maker’s stock worth $44,000 after buying an additional 134 shares during the period. BI Asset Management Fondsmaeglerselskab A S purchased a new position in AppFolio during the fourth quarter worth $64,000. Finally, Covestor Ltd boosted its stake in AppFolio by 114.0% during the first quarter. Covestor Ltd now owns 550 shares of the software maker’s stock worth $136,000 after buying an additional 293 shares during the period. 62.34% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have commented on the stock. Piper Sandler Companies reaffirmed an “overweight” rating and set a $300.00 price objective on shares of AppFolio in a research note on Friday, July 26th. StockNews.com lowered shares of AppFolio from a “buy” rating to a “hold” rating in a research note on Thursday, August 22nd. Piper Sandler lifted their price objective on shares of AppFolio from $295.00 to $300.00 and gave the stock an “overweight” rating in a research note on Friday, July 26th. JPMorgan Chase & Co. lifted their price objective on shares of AppFolio from $260.00 to $328.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 17th. Finally, KeyCorp lifted their price objective on shares of AppFolio from $275.00 to $300.00 and gave the stock an “overweight” rating in a research note on Friday, July 26th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, AppFolio has a consensus rating of “Moderate Buy” and an average price target of $277.75.

AppFolio Trading Up 0.8 %

NASDAQ:APPF opened at $233.79 on Monday. AppFolio, Inc. has a twelve month low of $164.29 and a twelve month high of $274.56. The company has a market cap of $8.47 billion, a price-to-earnings ratio of 112.94 and a beta of 0.81. The stock has a fifty day simple moving average of $230.66 and a 200-day simple moving average of $233.21.

AppFolio (NASDAQ:APPF) last released its quarterly earnings data on Thursday, July 25th. The software maker reported $1.12 earnings per share for the quarter, beating the consensus estimate of $0.96 by $0.16. The firm had revenue of $197.38 million during the quarter, compared to the consensus estimate of $190.57 million. AppFolio had a return on equity of 27.39% and a net margin of 17.32%. The firm’s quarterly revenue was up 34.2% on a year-over-year basis. During the same period in the previous year, the company posted ($0.53) earnings per share. As a group, equities research analysts predict that AppFolio, Inc. will post 3.04 EPS for the current fiscal year.

Insider Activity at AppFolio

In related news, major shareholder Maurice J. Duca sold 11,627 shares of AppFolio stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $240.08, for a total value of $2,791,410.16. Following the completion of the sale, the insider now directly owns 27,768 shares in the company, valued at $6,666,541.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, major shareholder Maurice J. Duca sold 11,627 shares of AppFolio stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $240.08, for a total value of $2,791,410.16. Following the completion of the sale, the insider now directly owns 27,768 shares in the company, valued at $6,666,541.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Maurice J. Duca sold 200 shares of the business’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $232.52, for a total transaction of $46,504.00. Following the completion of the transaction, the insider now owns 27,568 shares of the company’s stock, valued at $6,410,111.36. The disclosure for this sale can be found here. Insiders sold 55,210 shares of company stock worth $13,319,219 over the last three months. 9.15% of the stock is owned by corporate insiders.

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.