KBC Group NV Acquires 112 Shares of AppFolio, Inc. (NASDAQ:APPF)

KBC Group NV increased its holdings in AppFolio, Inc. (NASDAQ:APPF) by 22.1% in the 3rd quarter, Holdings Channel reports. The fund owned 618 shares of the software maker’s stock after buying an additional 112 shares during the quarter. KBC Group NV’s holdings in AppFolio were worth $145,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of APPF. US Bancorp DE increased its stake in shares of AppFolio by 200.8% during the first quarter. US Bancorp DE now owns 1,444 shares of the software maker’s stock valued at $356,000 after purchasing an additional 964 shares in the last quarter. State Board of Administration of Florida Retirement System grew its stake in shares of AppFolio by 17.7% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 6,456 shares of the software maker’s stock worth $1,593,000 after buying an additional 970 shares during the last quarter. Vanguard Group Inc. increased its position in AppFolio by 3.6% during the 1st quarter. Vanguard Group Inc. now owns 2,152,626 shares of the software maker’s stock valued at $531,139,000 after buying an additional 73,965 shares in the last quarter. American International Group Inc. raised its stake in AppFolio by 280.7% during the first quarter. American International Group Inc. now owns 36,367 shares of the software maker’s stock valued at $8,973,000 after buying an additional 26,815 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co boosted its holdings in AppFolio by 11.1% in the first quarter. CANADA LIFE ASSURANCE Co now owns 41,488 shares of the software maker’s stock worth $10,243,000 after acquiring an additional 4,131 shares in the last quarter. 62.34% of the stock is currently owned by institutional investors.

AppFolio Stock Up 2.5 %

Shares of APPF opened at $236.47 on Friday. AppFolio, Inc. has a 52-week low of $164.29 and a 52-week high of $274.56. The company has a market cap of $8.59 billion, a PE ratio of 65.87 and a beta of 0.83. The business has a fifty day moving average of $222.54 and a 200 day moving average of $231.07.

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

Insiders Place Their Bets

In other AppFolio news, major shareholder Maurice J. Duca sold 500 shares of the business’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $232.59, for a total value of $116,295.00. Following the completion of the transaction, the insider now directly owns 22,997 shares in the company, valued at approximately $5,348,872.23. The trade was a 2.13 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Matthew S. Mazza sold 926 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $229.04, for a total transaction of $212,091.04. Following the transaction, the insider now owns 33,819 shares of the company’s stock, valued at approximately $7,745,903.76. This trade represents a 2.67 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 24,865 shares of company stock worth $5,799,618 in the last ninety days. 5.24% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. DA Davidson lifted their price target on AppFolio from $285.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Piper Sandler decreased their target price on shares of AppFolio from $300.00 to $265.00 and set an “overweight” rating for the company in a report on Friday, October 25th. Keefe, Bruyette & Woods downgraded shares of AppFolio from a “market perform” rating to an “underperform” rating and dropped their target price for the stock from $255.00 to $193.00 in a research note on Tuesday, October 15th. StockNews.com downgraded shares of AppFolio from a “buy” rating to a “hold” rating in a research report on Thursday, August 22nd. Finally, Piper Sandler Companies reaffirmed an “overweight” rating and issued a $300.00 price objective on shares of AppFolio in a research report on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, AppFolio presently has an average rating of “Moderate Buy” and an average target price of $261.75.

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.