Creative Planning Purchases 867 Shares of AppFolio, Inc. (NASDAQ:APPF)

Creative Planning increased its holdings in AppFolio, Inc. (NASDAQ:APPF) by 68.0% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,142 shares of the software maker’s stock after purchasing an additional 867 shares during the period. Creative Planning’s holdings in AppFolio were worth $524,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of APPF. Brighton Jones LLC increased its holdings in shares of AppFolio by 0.9% in the 2nd quarter. Brighton Jones LLC now owns 5,805 shares of the software maker’s stock worth $1,420,000 after buying an additional 49 shares during the last quarter. ProShare Advisors LLC raised its position in AppFolio by 2.9% during the second quarter. ProShare Advisors LLC now owns 3,630 shares of the software maker’s stock valued at $888,000 after purchasing an additional 102 shares during the period. CWM LLC lifted its stake in shares of AppFolio by 238.6% in the 2nd 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 last quarter. GAMMA Investing LLC boosted its holdings in shares of AppFolio by 589.5% in the 2nd quarter. GAMMA Investing LLC now owns 131 shares of the software maker’s stock worth $32,000 after purchasing an additional 112 shares during the period. Finally, Advisors Asset Management Inc. increased its position in shares of AppFolio by 291.3% during the 1st quarter. Advisors Asset Management Inc. now owns 180 shares of the software maker’s stock valued at $44,000 after purchasing an additional 134 shares during the last quarter. Hedge funds and other institutional investors own 62.34% of the company’s stock.

Insider Activity at AppFolio

In other AppFolio news, CEO William Shane Trigg sold 3,501 shares of the 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 sale, the chief executive officer now owns 81,699 shares of the company’s stock, valued at approximately $17,890,447.02. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other AppFolio news, CEO William Shane Trigg sold 3,501 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $17,890,447.02. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Klaus Schauser sold 1,000 shares of AppFolio stock in a transaction that occurred on Monday, July 22nd. The stock was sold at an average price of $270.00, for a total transaction of $270,000.00. Following the completion of the transaction, the insider now directly owns 403,000 shares in the company, valued at approximately $108,810,000. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 34,941 shares of company stock valued at $8,327,162 over the last ninety days. 9.15% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

APPF has been the subject of several recent analyst reports. 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 downgraded shares of AppFolio from a “buy” rating to a “hold” rating in a research note on Thursday, August 22nd. DA Davidson upped their target price on AppFolio from $285.00 to $300.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Piper Sandler raised their price target on AppFolio from $295.00 to $300.00 and gave the stock an “overweight” rating in a research note on Friday, July 26th. Finally, JPMorgan Chase & Co. upped their price objective on AppFolio from $260.00 to $328.00 and gave the company an “overweight” rating in a research report on Wednesday, July 17th. Two research analysts have rated the stock with a hold rating and seven have given 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 $277.75.

AppFolio Stock Up 0.1 %

Shares of NASDAQ APPF opened at $226.53 on Tuesday. AppFolio, Inc. has a twelve month low of $164.29 and a twelve month high of $274.56. The firm has a market cap of $8.20 billion, a PE ratio of 109.43 and a beta of 0.81. The business has a fifty day simple moving average of $226.16 and a two-hundred day simple moving average of $233.14.

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, topping analysts’ consensus estimates of $0.96 by $0.16. The company had revenue of $197.38 million during the quarter, compared to analyst estimates of $190.57 million. AppFolio had a net margin of 17.32% and a return on equity of 27.39%. The firm’s revenue for the quarter was up 34.2% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.53) earnings per share. On average, research analysts expect that AppFolio, Inc. will post 3.04 earnings per share for the current year.

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.