Quadrature Capital Ltd Buys 2,266 Shares of AppFolio, Inc. (NASDAQ:APPF)

Quadrature Capital Ltd raised its stake in shares of AppFolio, Inc. (NASDAQ:APPF) by 4.4% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 53,553 shares of the software maker’s stock after purchasing an additional 2,266 shares during the period. Quadrature Capital Ltd owned 0.15% of AppFolio worth $9,280,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. Verdence Capital Advisors LLC raised its stake in AppFolio by 2.7% during the fourth quarter. Verdence Capital Advisors LLC now owns 2,114 shares of the software maker’s stock valued at $366,000 after purchasing an additional 55 shares in the last quarter. Harbor Capital Advisors Inc. raised its position in shares of AppFolio by 3.2% during the 4th quarter. Harbor Capital Advisors Inc. now owns 3,691 shares of the software maker’s stock valued at $639,000 after buying an additional 116 shares in the last quarter. Capstone Investment Advisors LLC lifted its holdings in shares of AppFolio by 5.2% in the 4th quarter. Capstone Investment Advisors LLC now owns 5,158 shares of the software maker’s stock valued at $894,000 after acquiring an additional 257 shares during the last quarter. UBS Group AG lifted its holdings in shares of AppFolio by 2.7% in the 3rd quarter. UBS Group AG now owns 12,232 shares of the software maker’s stock valued at $2,234,000 after acquiring an additional 318 shares during the last quarter. Finally, Rhumbline Advisers grew its position in AppFolio by 1.2% in the third quarter. Rhumbline Advisers now owns 27,494 shares of the software maker’s stock worth $5,021,000 after acquiring an additional 319 shares in the last quarter. Hedge funds and other institutional investors own 62.34% of the company’s stock.

Insider Buying and Selling

In other news, Director Timothy K. Bliss sold 6,400 shares of the business’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $243.41, for a total transaction of $1,557,824.00. Following the sale, the director now directly owns 4,354 shares of the company’s stock, valued at $1,059,807.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other AppFolio news, Director Alexander Wolf sold 10,000 shares of AppFolio stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $250.26, for a total transaction of $2,502,600.00. Following the completion of the sale, the director now directly owns 182,584 shares in the company, valued at approximately $45,693,471.84. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Timothy K. Bliss sold 6,400 shares of the company’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $243.41, for a total transaction of $1,557,824.00. Following the completion of the sale, the director now directly owns 4,354 shares in the company, valued at $1,059,807.14. The disclosure for this sale can be found here. Insiders sold 28,531 shares of company stock worth $6,864,423 in the last three months. Corporate insiders own 9.15% of the company’s stock.

AppFolio Stock Performance

APPF traded down $2.29 during trading on Friday, hitting $229.45. The stock had a trading volume of 143,163 shares, compared to its average volume of 203,418. The stock has a 50 day simple moving average of $232.14 and a two-hundred day simple moving average of $214.82. AppFolio, Inc. has a twelve month low of $155.56 and a twelve month high of $256.73. The company has a market capitalization of $8.31 billion, a PE ratio of 110.85 and a beta of 0.80.

AppFolio (NASDAQ:APPF) last posted its quarterly earnings data on Thursday, April 25th. The software maker reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.09. AppFolio had a return on equity of 13.51% and a net margin of 11.38%. The firm had revenue of $187.43 million during the quarter, compared to analysts’ expectations of $173.66 million. On average, equities research analysts anticipate that AppFolio, Inc. will post 2.87 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on APPF shares. Keefe, Bruyette & Woods upped their target price on AppFolio from $215.00 to $238.00 and gave the stock a “market perform” rating in a report on Friday, April 26th. KeyCorp upped their price target on shares of AppFolio from $264.00 to $275.00 and gave the stock an “overweight” rating in a research report on Friday, April 26th. Finally, Stephens restated an “overweight” rating and set a $241.00 target price on shares of AppFolio in a report on Friday, April 26th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $241.00.

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.