AppFolio, Inc. (NASDAQ:APPF) is Westwind Capital’s 10th Largest Position

Westwind Capital boosted its position in shares of AppFolio, Inc. (NASDAQ:APPF) by 0.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 77,583 shares of the software maker’s stock after purchasing an additional 370 shares during the quarter. AppFolio comprises about 4.2% of Westwind Capital’s portfolio, making the stock its 10th biggest position. Westwind Capital owned 0.21% of AppFolio worth $19,141,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Summit Global Investments purchased a new stake in AppFolio in the third quarter valued at about $759,000. Captrust Financial Advisors raised its position in shares of AppFolio by 183.3% in the 3rd quarter. Captrust Financial Advisors now owns 4,374 shares of the software maker’s stock valued at $1,030,000 after purchasing an additional 2,830 shares during the last quarter. Baker Avenue Asset Management LP boosted its stake in AppFolio by 16.5% in the 3rd quarter. Baker Avenue Asset Management LP now owns 21,483 shares of the software maker’s stock worth $5,057,000 after purchasing an additional 3,038 shares in the last quarter. Advisors Asset Management Inc. grew its position in AppFolio by 56.6% during the 3rd quarter. Advisors Asset Management Inc. now owns 390 shares of the software maker’s stock worth $92,000 after purchasing an additional 141 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in AppFolio by 3.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 161,278 shares of the software maker’s stock valued at $37,965,000 after purchasing an additional 5,077 shares in the last quarter. 85.19% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at AppFolio

In related news, Director Scanlan Agnes Bundy sold 500 shares of AppFolio stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $255.42, for a total value of $127,710.00. Following the sale, the director now directly owns 5,416 shares in the company, valued at approximately $1,383,354.72. The trade was a 8.45 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Matthew S. Mazza sold 926 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $229.04, for a total value of $212,091.04. Following the transaction, the insider now directly owns 33,819 shares of the company’s stock, valued at $7,745,903.76. The trade was a 2.67 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 23,768 shares of company stock valued at $5,744,891. Company insiders own 5.24% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on APPF shares. KeyCorp dropped their price objective on shares of AppFolio from $300.00 to $252.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. Keefe, Bruyette & Woods lowered AppFolio from a “market perform” rating to an “underperform” rating and cut their price objective for the company from $255.00 to $193.00 in a report on Tuesday, October 15th. Finally, Piper Sandler downgraded AppFolio from an “overweight” rating to a “neutral” rating and set a $265.00 target price for the company. in a report on Monday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, AppFolio presently has an average rating of “Moderate Buy” and an average price target of $261.75.

AppFolio Stock Performance

Shares of APPF traded down $2.94 during trading hours on Tuesday, hitting $248.11. The stock had a trading volume of 97,324 shares, compared to its average volume of 152,878. The firm has a market capitalization of $9.01 billion, a price-to-earnings ratio of 69.11 and a beta of 0.87. The firm has a 50-day moving average price of $244.19 and a 200 day moving average price of $235.08. AppFolio, Inc. has a fifty-two week low of $165.13 and a fifty-two week high of $274.56.

AppFolio (NASDAQ:APPF) last posted its earnings results 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 business had revenue of $206.00 million for the quarter, compared to analyst estimates of $199.11 million. During the same period in the prior year, the company posted $0.26 EPS. The company’s revenue for the quarter was up 24.5% on a year-over-year basis. As a group, analysts predict that AppFolio, Inc. will post 3.23 EPS 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.