ProShare Advisors LLC Purchases 102 Shares of AppFolio, Inc. (NASDAQ:APPF)

ProShare Advisors LLC boosted its position in AppFolio, Inc. (NASDAQ:APPF) by 2.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,630 shares of the software maker’s stock after buying an additional 102 shares during the quarter. ProShare Advisors LLC’s holdings in AppFolio were worth $888,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of APPF. GAMMA Investing LLC boosted its stake in shares of 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 in the last quarter. CWM LLC boosted its holdings in AppFolio by 238.6% during the 2nd quarter. CWM LLC now owns 149 shares of the software maker’s stock valued at $36,000 after acquiring an additional 105 shares during the period. Advisors Asset Management Inc. grew its position in AppFolio by 291.3% during 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. Covestor Ltd lifted its position in AppFolio by 114.0% in the first quarter. Covestor Ltd now owns 550 shares of the software maker’s stock valued at $136,000 after purchasing an additional 293 shares during the last quarter. Finally, RiverPark Advisors LLC grew its holdings in shares of AppFolio by 265.0% in the first quarter. RiverPark Advisors LLC now owns 668 shares of the software maker’s stock worth $165,000 after purchasing an additional 485 shares during the last quarter. 62.34% of the stock is currently owned by institutional investors.

Insider Activity at AppFolio

In other AppFolio news, CEO William Shane Trigg sold 3,501 shares of the business’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $218.98, for a total transaction of $766,648.98. Following the completion of the sale, the chief executive officer now directly owns 81,699 shares in the company, valued at approximately $17,890,447.02. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, major shareholder Maurice J. Duca sold 2,931 shares of AppFolio stock in a transaction on Wednesday, July 3rd. The shares were sold at an average price of $249.32, for a total transaction of $730,756.92. Following the transaction, the insider now owns 10,060 shares in the company, valued at approximately $2,508,159.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO William Shane Trigg sold 3,501 shares of the company’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $218.98, for a total value of $766,648.98. Following the completion of the sale, the chief executive officer now owns 81,699 shares of the company’s stock, valued at $17,890,447.02. The disclosure for this sale can be found here. Insiders have sold a total of 44,832 shares of company stock worth $10,792,048 over the last quarter. Company insiders own 9.15% of the company’s stock.

AppFolio Trading Down 0.8 %

Shares of APPF opened at $234.54 on Friday. The company has a market cap of $8.49 billion, a price-to-earnings ratio of 113.30 and a beta of 0.81. The business’s fifty day simple moving average is $227.94 and its two-hundred day simple moving average is $233.48. AppFolio, Inc. has a 12 month low of $164.29 and a 12 month high of $274.56.

AppFolio (NASDAQ:APPF) last issued its earnings results on Thursday, July 25th. The software maker reported $1.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.96 by $0.16. The business had revenue of $197.38 million during the quarter, compared to analyst estimates of $190.57 million. AppFolio had a return on equity of 27.39% and a net margin of 17.32%. AppFolio’s revenue was up 34.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.53) EPS. As a group, research analysts forecast that AppFolio, Inc. will post 3.04 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have issued reports on APPF. StockNews.com lowered shares of AppFolio from a “buy” rating to a “hold” rating in a report on Thursday, August 22nd. Piper Sandler raised their target price on shares of AppFolio from $295.00 to $300.00 and gave the stock an “overweight” rating in a research report on Friday, July 26th. JPMorgan Chase & Co. upped their price target on AppFolio from $260.00 to $328.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 17th. DA Davidson raised their price objective on AppFolio from $285.00 to $300.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Finally, KeyCorp lifted their price target on shares of AppFolio from $275.00 to $300.00 and gave the company an “overweight” rating in a research report 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. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $277.75.

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.