Thrivent Financial for Lutherans Boosts Stock Holdings in AppFolio, Inc. (NASDAQ:APPF)

Thrivent Financial for Lutherans increased its position in AppFolio, Inc. (NASDAQ:APPF) by 7.4% in the second quarter, Holdings Channel.com reports. The fund owned 10,746 shares of the software maker’s stock after purchasing an additional 745 shares during the period. Thrivent Financial for Lutherans’ holdings in AppFolio were worth $2,628,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its holdings in shares of AppFolio by 589.5% during the 2nd quarter. GAMMA Investing LLC now owns 131 shares of the software maker’s stock valued at $32,000 after acquiring an additional 112 shares during the last quarter. CWM LLC lifted its position in AppFolio by 238.6% during the second quarter. CWM LLC now owns 149 shares of the software maker’s stock valued at $36,000 after purchasing an additional 105 shares during the period. Advisors Asset Management Inc. boosted its holdings in AppFolio by 291.3% in the first quarter. Advisors Asset Management Inc. now owns 180 shares of the software maker’s stock worth $44,000 after purchasing an additional 134 shares during the last quarter. Covestor Ltd grew its position in AppFolio by 114.0% in the 1st quarter. Covestor Ltd now owns 550 shares of the software maker’s stock worth $136,000 after purchasing an additional 293 shares during the period. Finally, RiverPark Advisors LLC raised its stake in AppFolio by 265.0% during the 1st quarter. RiverPark Advisors LLC now owns 668 shares of the software maker’s stock valued at $165,000 after buying an additional 485 shares during the last quarter. 62.34% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at AppFolio

In other news, CEO William Shane Trigg sold 3,501 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer now owns 81,699 shares of the company’s stock, valued at $17,890,447.02. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other AppFolio news, major shareholder Klaus Schauser sold 1,000 shares of AppFolio stock in a transaction on Monday, July 22nd. The shares were sold at an average price of $270.00, for a total value of $270,000.00. Following the sale, the insider now directly owns 403,000 shares in the company, valued at approximately $108,810,000. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO William Shane Trigg sold 3,501 shares of the business’s stock in a transaction on Friday, August 16th. The stock was 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 owns 81,699 shares in the company, valued at approximately $17,890,447.02. The disclosure for this sale can be found here. Insiders have sold a total of 41,832 shares of company stock valued at $10,062,598 over the last ninety days. 9.15% of the stock is currently owned by company insiders.

AppFolio Trading Up 0.4 %

NASDAQ APPF opened at $235.40 on Tuesday. AppFolio, Inc. has a 12 month low of $164.29 and a 12 month high of $274.56. The stock has a market cap of $8.52 billion, a price-to-earnings ratio of 113.72 and a beta of 0.81. The company’s 50 day moving average is $227.25 and its two-hundred day moving average is $233.62.

AppFolio (NASDAQ:APPF) last announced its quarterly earnings data on Thursday, July 25th. The software maker reported $1.12 EPS for the quarter, beating the consensus estimate 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 earned ($0.53) EPS. Sell-side analysts forecast that AppFolio, Inc. will post 3.04 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on APPF shares. StockNews.com downgraded AppFolio from a “buy” rating to a “hold” rating in a research note on Thursday, August 22nd. DA Davidson boosted their price target on AppFolio from $285.00 to $300.00 and gave the company a “buy” rating in a research note on Friday, July 26th. KeyCorp upped 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. Piper Sandler Companies reissued an “overweight” rating and issued a $300.00 price objective on shares of AppFolio in a report on Friday, July 26th. Finally, Piper Sandler upped their target price on shares of AppFolio from $295.00 to $300.00 and gave the company an “overweight” rating in a report on Friday, July 26th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, AppFolio presently has an average rating of “Moderate Buy” and an average target price of $277.75.

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.