Jupiter Asset Management Ltd. Boosts Stock Holdings in AppFolio, Inc. $APPF

Jupiter Asset Management Ltd. lifted its position in AppFolio, Inc. (NASDAQ:APPF) by 135.0% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 28,760 shares of the software maker’s stock after acquiring an additional 16,521 shares during the quarter. Jupiter Asset Management Ltd.’s holdings in AppFolio were worth $6,623,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in APPF. Huntington National Bank boosted its holdings in AppFolio by 58.7% during the second quarter. Huntington National Bank now owns 200 shares of the software maker’s stock worth $46,000 after purchasing an additional 74 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in shares of AppFolio during the 2nd quarter worth approximately $52,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of AppFolio in the 1st quarter worth approximately $55,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of AppFolio by 23.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 384 shares of the software maker’s stock worth $84,000 after buying an additional 73 shares during the last quarter. Finally, Oliver Lagore Vanvalin Investment Group bought a new position in shares of AppFolio in the second quarter valued at approximately $90,000. 85.19% of the stock is owned by institutional investors.

Insider Buying and Selling at AppFolio

In other news, Director Janet Kerr sold 2,500 shares of AppFolio stock in a transaction on Monday, September 8th. The stock was sold at an average price of $285.04, for a total value of $712,600.00. Following the completion of the transaction, the director directly owned 11,995 shares in the company, valued at approximately $3,419,054.80. The trade was a 17.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Matthew S. Mazza sold 1,636 shares of the business’s stock in a transaction on Monday, September 15th. The shares were sold at an average price of $276.98, for a total value of $453,139.28. Following the sale, the insider owned 25,015 shares in the company, valued at approximately $6,928,654.70. The trade was a 6.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 22,467 shares of company stock valued at $6,230,860 in the last quarter. Corporate insiders own 4.68% of the company’s stock.

Wall Street Analyst Weigh In

APPF has been the topic of several research analyst reports. Weiss Ratings reissued a “buy (b-)” rating on shares of AppFolio in a research report on Wednesday, October 8th. Piper Sandler upgraded AppFolio from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $240.00 to $350.00 in a research note on Friday, August 1st. Keefe, Bruyette & Woods raised shares of AppFolio from a “market perform” rating to an “outperform” rating and set a $311.00 price target on the stock in a report on Friday, October 24th. KeyCorp decreased their price objective on shares of AppFolio from $285.00 to $270.00 and set an “overweight” rating for the company in a report on Friday, October 31st. Finally, DA Davidson lowered their price objective on shares of AppFolio from $375.00 to $325.00 and set a “buy” rating on the stock in a research report on Friday, October 31st. Seven investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $310.20.

AppFolio Stock Performance

Shares of APPF opened at $246.50 on Friday. AppFolio, Inc. has a fifty-two week low of $190.24 and a fifty-two week high of $326.04. The business has a 50-day moving average of $256.30 and a 200 day moving average of $246.98. The firm has a market cap of $8.85 billion, a P/E ratio of 44.25 and a beta of 0.83.

AppFolio (NASDAQ:APPF) last issued its earnings results on Thursday, October 30th. The software maker reported $1.31 earnings per share for the quarter, missing analysts’ consensus estimates of $1.45 by ($0.14). The business had revenue of $249.35 million for the quarter, compared to the consensus estimate of $245.39 million. AppFolio had a return on equity of 25.97% and a net margin of 22.48%.AppFolio’s revenue for the quarter was up 21.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.29 EPS. AppFolio has set its FY 2025 guidance at EPS. As a group, research analysts predict that AppFolio, Inc. will post 3.96 earnings per share for the current fiscal year.

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.