AppFolio, Inc. (NASDAQ:APPF) Shares Bought by Swiss National Bank

Swiss National Bank lifted its holdings in shares of AppFolio, Inc. (NASDAQ:APPF) by 2.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 41,500 shares of the software maker’s stock after acquiring an additional 800 shares during the quarter. Swiss National Bank owned about 0.11% of AppFolio worth $9,769,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Axxcess Wealth Management LLC acquired a new stake in shares of AppFolio in the first quarter valued at about $207,000. Advisors Asset Management Inc. raised its stake in shares of AppFolio by 291.3% during the first quarter. Advisors Asset Management Inc. now owns 180 shares of the software maker’s stock valued at $44,000 after purchasing an additional 134 shares during the period. Lazard Asset Management LLC lifted its position in shares of AppFolio by 750.5% during the first quarter. Lazard Asset Management LLC now owns 9,211 shares of the software maker’s stock worth $2,271,000 after purchasing an additional 8,128 shares in the last quarter. Caxton Associates LP purchased a new position in shares of AppFolio in the first quarter valued at $290,000. Finally, Comerica Bank grew its holdings in AppFolio by 129.9% during the 1st quarter. Comerica Bank now owns 13,683 shares of the software maker’s stock valued at $3,376,000 after purchasing an additional 7,732 shares in the last quarter. 62.34% of the stock is owned by hedge funds and other institutional investors.

AppFolio Trading Up 2.4 %

Shares of NASDAQ APPF opened at $242.39 on Monday. The company has a market capitalization of $8.81 billion, a price-to-earnings ratio of 67.52 and a beta of 0.83. AppFolio, Inc. has a twelve month low of $164.29 and a twelve month high of $274.56. The business has a 50 day simple moving average of $222.87 and a 200-day simple moving average of $230.82.

AppFolio (NASDAQ:APPF) last released its earnings results on Thursday, October 24th. The software maker reported $1.29 earnings per share for the quarter, beating 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 firm had revenue of $206.00 million during the quarter, compared to analyst estimates of $199.11 million. During the same quarter in the previous year, the firm earned $0.26 earnings per share. The firm’s revenue for the quarter was up 24.5% compared to the same quarter last year. As a group, equities analysts predict that AppFolio, Inc. will post 3.23 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have commented on APPF. Keefe, Bruyette & Woods lowered shares of AppFolio from a “market perform” rating to an “underperform” rating and cut their price objective for the stock from $255.00 to $193.00 in a report on Tuesday, October 15th. KeyCorp reduced their price target on AppFolio from $300.00 to $252.00 and set an “overweight” rating for the company in a report on Friday, October 25th. StockNews.com lowered AppFolio from a “buy” rating to a “hold” rating in a research note on Thursday, August 22nd. Finally, Piper Sandler cut their target price on AppFolio from $300.00 to $265.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $261.75.

Insiders Place Their Bets

In other AppFolio news, major shareholder Maurice J. Duca sold 1,059 shares of the firm’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $229.10, for a total value of $242,616.90. Following the sale, the insider now directly owns 9,388 shares in the company, valued at approximately $2,150,790.80. This trade represents a 10.14 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Matthew S. Mazza sold 926 shares of the business’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $229.04, for a total transaction of $212,091.04. Following the transaction, the insider now directly 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 21,897 shares of company stock valued at $5,102,524 over the last quarter. Insiders own 5.24% of the company’s stock.

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.