AppFolio, Inc. (NASDAQ:APPF) Shares Sold by US Bancorp DE

US Bancorp DE cut its holdings in shares of AppFolio, Inc. (NASDAQ:APPF) by 84.3% during the third quarter, Holdings Channel.com reports. The institutional investor owned 237 shares of the software maker’s stock after selling 1,271 shares during the period. US Bancorp DE’s holdings in AppFolio were worth $56,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Blue Trust Inc. lifted its stake in AppFolio by 85.7% in the third quarter. Blue Trust Inc. now owns 117 shares of the software maker’s stock worth $29,000 after acquiring an additional 54 shares during the last quarter. GAMMA Investing LLC increased its position in shares of AppFolio by 589.5% in the 2nd quarter. GAMMA Investing LLC now owns 131 shares of the software maker’s stock valued at $32,000 after purchasing an additional 112 shares during the last quarter. CWM LLC raised its holdings in shares of AppFolio by 238.6% in the 2nd quarter. CWM LLC now owns 149 shares of the software maker’s stock valued at $36,000 after purchasing an additional 105 shares in the last quarter. Advisors Asset Management Inc. lifted its position in shares of AppFolio by 291.3% during the 1st quarter. Advisors Asset Management Inc. now owns 180 shares of the software maker’s stock worth $44,000 after purchasing an additional 134 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its stake in shares of AppFolio by 688.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 213 shares of the software maker’s stock worth $52,000 after purchasing an additional 186 shares in the last quarter. 62.34% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

APPF has been the topic of a number of recent analyst reports. StockNews.com downgraded AppFolio from a “buy” rating to a “hold” rating in a report on Thursday, August 22nd. Keefe, Bruyette & Woods lowered shares of AppFolio from a “market perform” rating to an “underperform” rating and dropped their price target for the company from $255.00 to $193.00 in a research note on Tuesday, October 15th. Piper Sandler reduced their price objective on shares of AppFolio from $300.00 to $265.00 and set an “overweight” rating for the company in a research report on Friday, October 25th. KeyCorp dropped their target price on shares of AppFolio from $300.00 to $252.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. Finally, DA Davidson lifted their price target on shares of AppFolio from $285.00 to $300.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. One 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 stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $261.75.

AppFolio Trading Down 1.4 %

Shares of AppFolio stock opened at $230.02 on Monday. The business’s fifty day moving average price is $221.86 and its 200 day moving average price is $231.16. AppFolio, Inc. has a twelve month low of $164.29 and a twelve month high of $274.56. The stock has a market capitalization of $8.36 billion, a P/E ratio of 64.07 and a beta of 0.83.

AppFolio (NASDAQ:APPF) last released its quarterly earnings data on Thursday, October 24th. The software maker reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.26. AppFolio had a net margin of 17.26% and a return on equity of 30.64%. The company had revenue of $206.00 million during the quarter, compared to the consensus estimate of $199.11 million. During the same period in the previous year, the firm earned $0.26 earnings per share. AppFolio’s revenue for the quarter was up 24.5% on a year-over-year basis. As a group, sell-side analysts predict that AppFolio, Inc. will post 3.23 EPS for the current year.

Insider Buying and Selling

In other news, insider Matthew S. Mazza sold 5,090 shares of the company’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $236.24, for a total value of $1,202,461.60. Following the sale, the insider now owns 28,266 shares in the company, valued at approximately $6,677,559.84. This represents a 15.26 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Maurice J. Duca sold 2,968 shares of AppFolio stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $234.87, for a total value of $697,094.16. Following the completion of the transaction, the insider now owns 24,500 shares of the company’s stock, valued at approximately $5,754,315. The trade was a 10.81 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 17,796 shares of company stock worth $4,177,209. 5.24% of the stock is currently owned by corporate insiders.

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.