1,361 Shares in AppFolio, Inc. (NASDAQ:APPF) Purchased by Paloma Partners Management Co

Paloma Partners Management Co purchased a new position in AppFolio, Inc. (NASDAQ:APPF) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,361 shares of the software maker’s stock, valued at approximately $336,000.

A number of other institutional investors also recently bought and sold shares of the stock. Assenagon Asset Management S.A. increased its stake in shares of AppFolio by 103.1% during the fourth quarter. Assenagon Asset Management S.A. now owns 34,881 shares of the software maker’s stock valued at $6,043,000 after purchasing an additional 17,706 shares in the last quarter. AMI Asset Management Corp bought a new position in shares of AppFolio during the fourth quarter valued at approximately $966,000. Meeder Asset Management Inc. bought a new position in shares of AppFolio during the fourth quarter valued at approximately $85,000. Allspring Global Investments Holdings LLC increased its stake in shares of AppFolio by 497.7% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 43,552 shares of the software maker’s stock valued at $7,545,000 after purchasing an additional 36,265 shares in the last quarter. Finally, Long Walk Management LP increased its stake in shares of AppFolio by 62.7% during the fourth quarter. Long Walk Management LP now owns 122,000 shares of the software maker’s stock valued at $21,135,000 after purchasing an additional 47,000 shares in the last quarter. 62.34% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on APPF. JPMorgan Chase & Co. raised their target price on shares of AppFolio from $260.00 to $328.00 and gave the company an “overweight” rating in a research note on Wednesday, July 17th. Piper Sandler increased their price target on shares of AppFolio from $295.00 to $300.00 and gave the company an “overweight” rating in a report on Friday. StockNews.com upgraded shares of AppFolio from a “hold” rating to a “buy” rating in a report on Friday. DA Davidson increased their price target on shares of AppFolio from $285.00 to $300.00 and gave the company a “buy” rating in a report on Friday. Finally, Piper Sandler Companies reiterated an “overweight” rating and set a $300.00 price target on shares of AppFolio in a report on Friday. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $277.75.

Insider Buying and Selling

In other news, insider Matthew S. Mazza sold 2,131 shares of AppFolio stock in a transaction on Monday, May 13th. The shares were sold at an average price of $249.46, for a total transaction of $531,599.26. Following the transaction, the insider now owns 43,680 shares in the company, valued at approximately $10,896,412.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Matthew S. Mazza sold 2,131 shares of AppFolio stock in a transaction on Monday, May 13th. The shares were sold at an average price of $249.46, for a total transaction of $531,599.26. Following the transaction, the insider now owns 43,680 shares in the company, valued at approximately $10,896,412.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Alexander Wolf sold 10,000 shares of AppFolio stock in a transaction on Monday, May 13th. The stock was sold at an average price of $250.26, for a total transaction of $2,502,600.00. Following the transaction, the director now owns 182,584 shares in the company, valued at approximately $45,693,471.84. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 130,444 shares of company stock worth $31,124,559. 9.15% of the stock is owned by insiders.

AppFolio Trading Down 0.8 %

APPF stock traded down $1.93 on Monday, hitting $229.02. The company had a trading volume of 611,077 shares, compared to its average volume of 306,766. AppFolio, Inc. has a 12-month low of $164.29 and a 12-month high of $274.56. The stock’s 50-day simple moving average is $242.25 and its 200 day simple moving average is $231.91. The stock has a market cap of $8.29 billion, a price-to-earnings ratio of 110.64 and a beta of 0.80.

AppFolio (NASDAQ:APPF) last issued its earnings results on Thursday, July 25th. The software maker reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.96 by $0.16. AppFolio had a net margin of 17.32% and a return on equity of 27.39%. The company had revenue of $197.38 million for the quarter, compared to analysts’ expectations of $190.57 million. During the same quarter last year, the company posted ($0.53) earnings per share. The firm’s quarterly revenue was up 34.2% on a year-over-year basis. Research analysts forecast that AppFolio, Inc. will post 2.9 earnings per share for the current year.

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.