Virtu Financial LLC purchased a new stake in AppFolio, Inc. (NASDAQ:APPF – Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 3,702 shares of the software maker’s stock, valued at approximately $641,000.
Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of AppFolio by 2.4% during the third quarter. Vanguard Group Inc. now owns 2,001,727 shares of the software maker’s stock worth $365,575,000 after acquiring an additional 46,827 shares during the period. Fred Alger Management LLC raised its holdings in shares of AppFolio by 12.2% during the third quarter. Fred Alger Management LLC now owns 572,007 shares of the software maker’s stock worth $104,466,000 after acquiring an additional 62,347 shares during the period. Gilder Gagnon Howe & Co. LLC raised its holdings in shares of AppFolio by 3.8% during the fourth quarter. Gilder Gagnon Howe & Co. LLC now owns 421,309 shares of the software maker’s stock worth $72,988,000 after acquiring an additional 15,283 shares during the period. Norges Bank acquired a new stake in shares of AppFolio during the fourth quarter worth $38,458,000. Finally, Northern Trust Corp raised its holdings in shares of AppFolio by 1.1% during the third quarter. Northern Trust Corp now owns 202,348 shares of the software maker’s stock worth $36,955,000 after acquiring an additional 2,224 shares during the period. Institutional investors own 62.34% of the company’s stock.
Insider Buying and Selling
In related news, insider Matthew S. Mazza sold 2,131 shares of AppFolio stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $249.46, for a total transaction of $531,599.26. Following the completion of the sale, the insider now owns 43,680 shares of the company’s stock, valued at approximately $10,896,412.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Alexander Wolf sold 10,000 shares of AppFolio stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $250.26, for a total transaction of $2,502,600.00. Following the completion of the sale, the director now owns 182,584 shares of the company’s stock, valued at approximately $45,693,471.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Matthew S. Mazza sold 2,131 shares of AppFolio stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $249.46, for a total transaction of $531,599.26. Following the completion of the sale, the insider now owns 43,680 shares of the company’s stock, valued at approximately $10,896,412.80. The disclosure for this sale can be found here. In the last 90 days, insiders sold 87,431 shares of company stock valued at $20,691,480. Company insiders own 9.15% of the company’s stock.
AppFolio Price Performance
Shares of APPF opened at $231.52 on Monday. The firm has a 50-day moving average of $232.12 and a 200-day moving average of $216.54. AppFolio, Inc. has a one year low of $162.32 and a one year high of $256.73. The company has a market cap of $8.38 billion, a PE ratio of 111.85 and a beta of 0.80.
AppFolio (NASDAQ:APPF – Get Free Report) last announced its quarterly earnings data on Thursday, April 25th. The software maker reported $0.68 EPS for the quarter, beating analysts’ consensus estimates of $0.59 by $0.09. AppFolio had a net margin of 11.38% and a return on equity of 13.51%. The company had revenue of $187.43 million during the quarter, compared to the consensus estimate of $173.66 million. Analysts expect that AppFolio, Inc. will post 2.85 earnings per share for the current year.
Wall Street Analyst Weigh In
APPF has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods raised their price objective on shares of AppFolio from $215.00 to $238.00 and gave the stock a “market perform” rating in a report on Friday, April 26th. Stephens reiterated an “overweight” rating and issued a $241.00 price target on shares of AppFolio in a research note on Friday, April 26th. KeyCorp lifted their price target on shares of AppFolio from $264.00 to $275.00 and gave the company an “overweight” rating in a research note on Friday, April 26th. Finally, Piper Sandler began coverage on shares of AppFolio in a research note on Monday, June 10th. They issued an “overweight” rating and a $295.00 price target on the stock. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $248.71.
Get Our Latest Research Report on APPF
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.
Further Reading
- Five stocks we like better than AppFolio
- What is the Hang Seng index?
- MarketBeat Week in Review – 6/10 – 6/14
- What to Know About Investing in Penny Stocks
- Top 5 High-Performance Cryptocurrency ETFs to Watch
- Stock Market Upgrades: What Are They?
- 3 Stocks That Plummeted After the Post-Fed Speech Crash
Want to see what other hedge funds are holding APPF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AppFolio, Inc. (NASDAQ:APPF – Free Report).
Receive News & Ratings for AppFolio Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AppFolio and related companies with MarketBeat.com's FREE daily email newsletter.
