1,000 Shares in AppFolio, Inc. (NASDAQ:APPF) Acquired by Davis R M Inc.

Davis R M Inc. purchased a new position in AppFolio, Inc. (NASDAQ:APPF) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 1,000 shares of the software maker’s stock, valued at approximately $247,000.

Several other hedge funds have also made changes to their positions in the stock. Norges Bank acquired a new stake in AppFolio in the 4th quarter valued at approximately $38,458,000. Zeno Equity Partners LLP acquired a new position in shares of AppFolio during the 4th quarter valued at $33,434,000. Principal Financial Group Inc. grew its holdings in shares of AppFolio by 2,359.8% in the 1st quarter. Principal Financial Group Inc. now owns 151,646 shares of the software maker’s stock worth $37,417,000 after acquiring an additional 145,481 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of AppFolio by 344.7% in the 1st quarter. Assenagon Asset Management S.A. now owns 155,127 shares of the software maker’s stock worth $38,276,000 after acquiring an additional 120,246 shares during the last quarter. Finally, Wellington Management Group LLP acquired a new position in shares of AppFolio in the 4th quarter worth $18,636,000. Institutional investors own 62.34% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on APPF. KeyCorp lifted their target price on AppFolio from $264.00 to $275.00 and gave the stock an “overweight” rating in a report on Friday, April 26th. Stephens restated an “overweight” rating and issued a $241.00 target price on shares of AppFolio in a report on Friday, April 26th. Piper Sandler restated an “overweight” rating and issued a $295.00 target price on shares of AppFolio in a report on Friday, July 12th. JPMorgan Chase & Co. lifted their target price on AppFolio from $260.00 to $328.00 and gave the stock an “overweight” rating in a report on Wednesday, July 17th. Finally, Keefe, Bruyette & Woods lifted 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. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $261.71.

AppFolio Trading Up 0.6 %

NASDAQ APPF traded up $1.73 during trading on Tuesday, hitting $271.50. 174,852 shares of the company traded hands, compared to its average volume of 299,257. AppFolio, Inc. has a 12 month low of $164.29 and a 12 month high of $274.34. The company has a market capitalization of $9.83 billion, a P/E ratio of 131.15 and a beta of 0.80. The business has a fifty day simple moving average of $241.89 and a 200 day simple moving average of $229.21.

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 the consensus estimate of $0.59 by $0.09. AppFolio had a return on equity of 13.51% and a net margin of 11.38%. The business had revenue of $187.43 million during the quarter, compared to analysts’ expectations of $173.66 million. Equities research analysts predict that AppFolio, Inc. will post 2.85 EPS for the current fiscal year.

Insider Buying and Selling

In other AppFolio news, major shareholder Maurice J. Duca sold 2,100 shares of the company’s stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $231.20, for a total value of $485,520.00. Following the completion of the transaction, the insider now owns 55,000 shares of the company’s stock, valued at approximately $12,716,000. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, major shareholder Maurice J. Duca sold 2,100 shares of the company’s stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $231.20, for a total value of $485,520.00. Following the sale, the insider now directly owns 55,000 shares in the company, valued at approximately $12,716,000. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Maurice J. Duca sold 876 shares of the stock in a transaction that occurred on Monday, July 8th. The stock was sold at an average price of $252.82, for a total value of $221,470.32. Following the sale, the insider now owns 7,100 shares in the company, valued at $1,795,022. The disclosure for this sale can be found here. In the last 90 days, insiders sold 124,982 shares of company stock valued at $29,689,129. Insiders own 9.15% of the company’s stock.

About AppFolio

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.