KBC Group NV Purchases 112 Shares of AppFolio, Inc. (NASDAQ:APPF)

KBC Group NV increased its holdings in AppFolio, Inc. (NASDAQ:APPF) by 22.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 618 shares of the software maker’s stock after acquiring an additional 112 shares during the period. KBC Group NV’s holdings in AppFolio were worth $145,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of APPF. US Bancorp DE increased its position in shares of AppFolio by 200.8% during the 1st quarter. US Bancorp DE now owns 1,444 shares of the software maker’s stock valued at $356,000 after purchasing an additional 964 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its position in shares of AppFolio by 17.7% in the first quarter. State Board of Administration of Florida Retirement System now owns 6,456 shares of the software maker’s stock valued at $1,593,000 after acquiring an additional 970 shares during the period. Vanguard Group Inc. grew its stake in AppFolio by 3.6% during the first quarter. Vanguard Group Inc. now owns 2,152,626 shares of the software maker’s stock valued at $531,139,000 after acquiring an additional 73,965 shares in the last quarter. American International Group Inc. increased its holdings in AppFolio by 280.7% during the 1st quarter. American International Group Inc. now owns 36,367 shares of the software maker’s stock worth $8,973,000 after acquiring an additional 26,815 shares during the period. Finally, CANADA LIFE ASSURANCE Co boosted its holdings in AppFolio by 11.1% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 41,488 shares of the software maker’s stock valued at $10,243,000 after purchasing an additional 4,131 shares during the period. 62.34% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on APPF shares. Piper Sandler Companies reaffirmed an “overweight” rating and issued a $300.00 price target on shares of AppFolio in a report on Friday, July 26th. StockNews.com cut AppFolio from a “buy” rating to a “hold” rating in a report on Thursday, August 22nd. KeyCorp cut their price objective on AppFolio from $300.00 to $252.00 and set an “overweight” rating for the company in a report on Friday, October 25th. DA Davidson upped their price objective on shares of AppFolio from $285.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Finally, Keefe, Bruyette & Woods lowered shares of AppFolio from a “market perform” rating to an “underperform” rating and dropped their target price for the company from $255.00 to $193.00 in a research report on Tuesday, October 15th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $261.75.

AppFolio Price Performance

Shares of NASDAQ APPF opened at $236.47 on Friday. The stock has a market capitalization of $8.59 billion, a P/E ratio of 65.87 and a beta of 0.83. AppFolio, Inc. has a one year low of $164.29 and a one year high of $274.56. The firm’s 50 day simple moving average is $222.54 and its two-hundred day simple moving average is $231.07.

AppFolio (NASDAQ:APPF) last released its earnings results on Thursday, October 24th. The software maker reported $1.29 EPS for the quarter, beating the consensus estimate of $1.03 by $0.26. The company had revenue of $206.00 million for the quarter, compared to analyst estimates of $199.11 million. AppFolio had a net margin of 17.26% and a return on equity of 30.64%. The firm’s quarterly revenue was up 24.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.26 EPS. As a group, equities analysts expect that AppFolio, Inc. will post 3.23 earnings per share for the current fiscal year.

Insider Transactions at AppFolio

In related news, major shareholder Maurice J. Duca sold 500 shares of the company’s stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $232.59, for a total transaction of $116,295.00. Following the completion of the sale, the insider now directly owns 22,997 shares in the company, valued at $5,348,872.23. This represents a 2.13 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Matthew S. Mazza sold 926 shares of the stock in a transaction on Monday, November 11th. The shares were sold at an average price of $229.04, for a total transaction of $212,091.04. Following the sale, the insider now directly owns 33,819 shares of the company’s stock, valued at $7,745,903.76. The trade was a 2.67 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 24,865 shares of company stock worth $5,799,618. Company insiders own 5.24% of the company’s stock.

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.