3,913 Shares in AppFolio, Inc. (NASDAQ:APPF) Acquired by Inspire Investing LLC

Inspire Investing LLC bought a new stake in shares of AppFolio, Inc. (NASDAQ:APPF) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 3,913 shares of the software maker’s stock, valued at approximately $921,000.

Other institutional investors also recently added to or reduced their stakes in the company. Burns Matteson Capital Management LLC acquired a new position in shares of AppFolio during the third quarter valued at $305,000. CWM LLC grew its position in AppFolio by 5,985.2% in the 3rd quarter. CWM LLC now owns 9,067 shares of the software maker’s stock valued at $2,134,000 after buying an additional 8,918 shares in the last quarter. City Center Advisors LLC acquired a new position in AppFolio during the 3rd quarter valued at about $294,000. Handelsbanken Fonder AB raised its position in shares of AppFolio by 22.2% during the 3rd quarter. Handelsbanken Fonder AB now owns 4,400 shares of the software maker’s stock worth $1,036,000 after buying an additional 800 shares in the last quarter. Finally, Curbstone Financial Management Corp lifted its stake in shares of AppFolio by 10.9% in the 3rd quarter. Curbstone Financial Management Corp now owns 2,840 shares of the software maker’s stock worth $669,000 after acquiring an additional 280 shares during the period. Institutional investors and hedge funds own 62.34% of the company’s stock.

Insider Buying and Selling at AppFolio

In other news, major shareholder Klaus Schauser sold 1,000 shares of the firm’s stock in a transaction on Monday, July 22nd. The stock was sold at an average price of $270.00, for a total value of $270,000.00. Following the completion of the sale, the insider now owns 403,000 shares of the company’s stock, valued at $108,810,000. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. In other AppFolio news, major shareholder Maurice J. Duca sold 4,462 shares of the company’s stock in a transaction that occurred on Wednesday, July 24th. The shares were sold at an average price of $261.19, for a total value of $1,165,429.78. Following the transaction, the insider now owns 49,784 shares in the company, valued at approximately $13,003,082.96. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Klaus Schauser sold 1,000 shares of the 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 sale, the insider now owns 403,000 shares of the company’s stock, 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 in the last three months. 9.15% of the stock is currently owned by company insiders.

AppFolio Trading Up 0.1 %

NASDAQ APPF opened at $226.53 on Tuesday. AppFolio, Inc. has a 1 year low of $164.29 and a 1 year high of $274.56. The company has a market cap of $8.20 billion, a PE ratio of 109.43 and a beta of 0.81. The stock’s 50-day moving average price is $226.16 and its two-hundred day moving average price is $233.14.

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

Analyst Upgrades and Downgrades

APPF has been the topic of a number of research analyst reports. JPMorgan Chase & Co. raised their price objective on shares of AppFolio from $260.00 to $328.00 and gave the company an “overweight” rating in a research note on Wednesday, July 17th. StockNews.com downgraded AppFolio from a “buy” rating to a “hold” rating in a research note on Thursday, August 22nd. DA Davidson raised 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 boosted their price target 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. Finally, KeyCorp raised their price objective 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 analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target 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.