4,259 Shares in AppFolio, Inc. (NASDAQ:APPF) Acquired by Lecap Asset Management Ltd.

Lecap Asset Management Ltd. bought a new stake in AppFolio, Inc. (NASDAQ:APPF) during the third quarter, according to its most recent filing with the SEC. The firm bought 4,259 shares of the software maker’s stock, valued at approximately $1,003,000.

Other institutional investors have also made changes to their positions in the company. Squarepoint Ops LLC raised its holdings in shares of AppFolio by 188.2% in the 2nd quarter. Squarepoint Ops LLC now owns 185,034 shares of the software maker’s stock worth $45,254,000 after buying an additional 120,835 shares in the last quarter. Westwind Capital raised its position in AppFolio by 301.0% in the 2nd quarter. Westwind Capital now owns 149,240 shares of the software maker’s stock worth $3,650,000 after purchasing an additional 112,024 shares during the last quarter. Wellington Management Group LLP acquired a new stake in shares of AppFolio in the 4th quarter valued at $18,636,000. Los Angeles Capital Management LLC increased its stake in shares of AppFolio by 516.6% in the 2nd quarter. Los Angeles Capital Management LLC now owns 109,850 shares of the software maker’s stock valued at $26,866,000 after buying an additional 92,034 shares during the period. Finally, Jackson Square Partners LLC acquired a new position in shares of AppFolio during the first quarter valued at $21,568,000. 62.34% of the stock is currently owned by institutional investors.

AppFolio Stock Performance

Shares of APPF stock opened at $195.52 on Thursday. AppFolio, Inc. has a 52-week low of $164.29 and a 52-week high of $274.56. The stock has a market cap of $7.08 billion, a price-to-earnings ratio of 94.45 and a beta of 0.81. The firm’s 50-day moving average is $224.31 and its 200-day moving average is $231.39.

AppFolio (NASDAQ:APPF) last issued 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 company had revenue of $197.38 million for 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 company’s revenue was up 34.2% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.53) earnings per share. Sell-side analysts predict that AppFolio, Inc. will post 3.04 EPS for the current fiscal year.

Insiders Place Their Bets

In other AppFolio news, major shareholder Maurice J. Duca sold 200 shares of the stock in a transaction on Monday, July 29th. The stock was sold at an average price of $232.52, for a total transaction of $46,504.00. Following the transaction, the insider now owns 27,568 shares in the company, valued at $6,410,111.36. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, major shareholder Maurice J. Duca sold 11,627 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $240.08, for a total value of $2,791,410.16. Following the sale, the insider now directly owns 27,768 shares in the company, valued at approximately $6,666,541.44. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Maurice J. Duca sold 200 shares of the company’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $232.52, for a total transaction of $46,504.00. Following the transaction, the insider now owns 27,568 shares of the company’s stock, valued at approximately $6,410,111.36. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 29,479 shares of company stock worth $6,891,732 over the last three months. Insiders own 9.15% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. 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. Piper Sandler lifted 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. DA Davidson upped their price objective on shares of AppFolio from $285.00 to $300.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Keefe, Bruyette & Woods cut AppFolio from a “market perform” rating to an “underperform” rating and decreased their target price for the company from $255.00 to $193.00 in a research note on Tuesday, October 15th. Finally, StockNews.com lowered AppFolio from a “buy” rating to a “hold” rating in a research report on Thursday, August 22nd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $272.13.

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.