Yousif Capital Management LLC Lowers Stock Position in AppFolio, Inc. $APPF

Yousif Capital Management LLC trimmed its holdings in shares of AppFolio, Inc. (NASDAQ:APPF) by 2.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,734 shares of the software maker’s stock after selling 191 shares during the period. Yousif Capital Management LLC’s holdings in AppFolio were worth $1,781,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in APPF. Rhumbline Advisers boosted its position in AppFolio by 0.7% during the 1st quarter. Rhumbline Advisers now owns 64,229 shares of the software maker’s stock worth $14,124,000 after purchasing an additional 437 shares during the period. GAMMA Investing LLC boosted its position in AppFolio by 110.1% during the 1st quarter. GAMMA Investing LLC now owns 353 shares of the software maker’s stock worth $78,000 after purchasing an additional 185 shares during the period. Fifth Third Bancorp boosted its position in AppFolio by 53.0% during the 1st quarter. Fifth Third Bancorp now owns 179 shares of the software maker’s stock worth $39,000 after purchasing an additional 62 shares during the period. Janney Montgomery Scott LLC purchased a new stake in AppFolio during the 1st quarter worth $305,000. Finally, State of Alaska Department of Revenue boosted its position in AppFolio by 3.2% during the 1st quarter. State of Alaska Department of Revenue now owns 2,720 shares of the software maker’s stock worth $598,000 after purchasing an additional 85 shares during the period. 85.19% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

APPF has been the subject of a number of research reports. Piper Sandler raised shares of AppFolio from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $240.00 to $350.00 in a research report on Friday, August 1st. DA Davidson reaffirmed a “buy” rating and set a $350.00 price target on shares of AppFolio in a research report on Friday, August 1st. KeyCorp upgraded shares of AppFolio from a “sector weight” rating to an “overweight” rating and set a $285.00 price objective on the stock in a report on Friday. Keefe, Bruyette & Woods upped their price objective on shares of AppFolio from $295.00 to $311.00 and gave the company a “market perform” rating in a research report on Wednesday, September 3rd. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of AppFolio in a research report on Wednesday, October 8th. Six research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $318.20.

AppFolio Price Performance

NASDAQ:APPF opened at $235.51 on Monday. The firm has a 50-day moving average of $266.00 and a two-hundred day moving average of $243.36. The stock has a market cap of $8.44 billion, a P/E ratio of 42.51 and a beta of 0.83. AppFolio, Inc. has a 1-year low of $189.01 and a 1-year high of $326.04.

AppFolio (NASDAQ:APPF) last issued its earnings results on Thursday, July 31st. The software maker reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.27 by $0.11. The business had revenue of $235.58 million for the quarter, compared to analyst estimates of $230.10 million. AppFolio had a net margin of 23.54% and a return on equity of 26.32%. The company’s revenue for the quarter was up 19.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.12 EPS. AppFolio has set its FY 2025 guidance at EPS. As a group, equities analysts expect that AppFolio, Inc. will post 3.96 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Janet Kerr sold 2,500 shares of the company’s stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $285.04, for a total value of $712,600.00. Following the sale, the director owned 11,995 shares in the company, valued at approximately $3,419,054.80. This represents a 17.25% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Timothy Mathias Eaton sold 667 shares of the company’s stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $276.58, for a total transaction of $184,478.86. Following the completion of the sale, the chief financial officer owned 11,142 shares in the company, valued at approximately $3,081,654.36. This trade represents a 5.65% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 58,803 shares of company stock worth $16,938,949. Company insiders own 4.68% of the company’s stock.

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.