5,688 Shares of AppFolio, Inc. $APPF Purchased by Fulcrum Asset Management LLP

Fulcrum Asset Management LLP acquired a new stake in shares of AppFolio, Inc. (NASDAQ:APPF) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 5,688 shares of the software maker’s stock, valued at approximately $1,114,000.

Other large investors have also recently modified their holdings of the company. Optiver Holding B.V. increased its stake in AppFolio by 827.8% in the 1st quarter. Optiver Holding B.V. now owns 167 shares of the software maker’s stock worth $26,000 after purchasing an additional 149 shares during the period. Hilton Head Capital Partners LLC purchased a new stake in shares of AppFolio during the third quarter valued at approximately $40,000. Integrated Wealth Concepts LLC purchased a new stake in shares of AppFolio during the second quarter valued at approximately $36,000. Versant Capital Management Inc grew its holdings in shares of AppFolio by 169.0% in the second quarter. Versant Capital Management Inc now owns 452 shares of the software maker’s stock worth $72,000 after purchasing an additional 284 shares during the last quarter. Finally, Signaturefd LLC grew its holdings in shares of AppFolio by 30.8% in the third quarter. Signaturefd LLC now owns 612 shares of the software maker’s stock worth $123,000 after purchasing an additional 144 shares during the last quarter. Hedge funds and other institutional investors own 85.19% of the company’s stock.

AppFolio Stock Up 0.0%

NASDAQ:APPF opened at $224.85 on Thursday. The stock has a market cap of $7.97 billion, a P/E ratio of 47.44 and a beta of 0.87. The firm’s fifty day simple moving average is $212.28 and its 200 day simple moving average is $184.30. AppFolio, Inc. has a twelve month low of $142.56 and a twelve month high of $252.14.

AppFolio (NASDAQ:APPF) last issued its quarterly earnings data on Thursday, October 22nd. The software maker reported $1.82 EPS for the quarter, topping the consensus estimate of $1.79 by $0.03. AppFolio had a net margin of 15.62% and a return on equity of 33.56%. The business had revenue of $295.69 million during the quarter, compared to analyst estimates of $294.46 million. During the same period in the prior year, the business earned $1.31 EPS. The company’s revenue for the quarter was up 18.5% on a year-over-year basis. On average, analysts expect that AppFolio, Inc. will post 5.18 EPS for the current fiscal year.

Wall Street Analyst Weigh In

APPF has been the topic of a number of recent analyst reports. UBS Group raised their price target on shares of AppFolio from $220.00 to $240.00 and gave the stock a “neutral” rating in a report on Friday, October 23rd. Guggenheim upped their price objective on shares of AppFolio from $232.00 to $239.00 and gave the company a “buy” rating in a research note on Friday, October 23rd. Zacks Research lowered shares of AppFolio from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 23rd. Weiss Ratings reiterated a “hold (c)” rating on shares of AppFolio in a report on Wednesday, November 4th. Finally, Keefe, Bruyette & Woods raised their target price on AppFolio from $233.00 to $255.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 21st. Nine equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $250.00.

Insider Activity at AppFolio

In other news, major shareholder Maurice J. Duca sold 1,600 shares of the firm’s stock in a transaction that occurred on Thursday, November 5th. The stock was sold at an average price of $240.14, for a total value of $384,224.00. Following the completion of the transaction, the insider owned 27,205 shares in the company, valued at $6,533,008.70. This trade represents a 5.55% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Timothy Eaton sold 373 shares of AppFolio stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $202.61, for a total value of $75,573.53. Following the sale, the chief financial officer owned 16,714 shares in the company, valued at $3,386,423.54. This represents a 2.18% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 59,543 shares of company stock worth $12,640,497. Insiders own 1.57% of the company’s stock.

About AppFolio

AppFolio, Inc. provides cloud-based software for the real estate industry. Its products help property managers handle day-to-day operations, including accounting, leasing, marketing, maintenance, and communication with residents and owners. The company also offers software for real estate investment managers, supporting investor relations and investment operations. Its offerings include the AppFolio Property Manager platform, with solutions designed for businesses of different sizes and operating needs.