Janus Henderson Group PLC Buys 215 Shares of AppFolio, Inc. (NASDAQ:APPF)

Janus Henderson Group PLC raised its stake in shares of AppFolio, Inc. (NASDAQ:APPF) by 2.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 9,353 shares of the software maker’s stock after purchasing an additional 215 shares during the period. Janus Henderson Group PLC’s holdings in AppFolio were worth $2,200,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Blue Trust Inc. grew its holdings in AppFolio by 85.7% during the third quarter. Blue Trust Inc. now owns 117 shares of the software maker’s stock valued at $29,000 after purchasing an additional 54 shares during the period. CWM LLC grew its holdings in AppFolio by 238.6% during the second quarter. CWM LLC now owns 149 shares of the software maker’s stock valued at $36,000 after purchasing an additional 105 shares during the period. Northwestern Mutual Wealth Management Co. grew its holdings in AppFolio by 688.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 213 shares of the software maker’s stock valued at $52,000 after purchasing an additional 186 shares during the period. Quarry LP boosted its holdings in AppFolio by 147.9% in the 2nd quarter. Quarry LP now owns 238 shares of the software maker’s stock worth $58,000 after buying an additional 142 shares during the period. Finally, True Wealth Design LLC bought a new position in AppFolio in the 3rd quarter worth $79,000. Institutional investors own 85.19% of the company’s stock.

AppFolio Stock Performance

NASDAQ APPF opened at $263.55 on Friday. The company has a market capitalization of $9.58 billion, a P/E ratio of 73.41 and a beta of 0.86. AppFolio, Inc. has a one year low of $164.29 and a one year high of $274.56. The stock has a 50 day moving average price of $230.30 and a 200-day moving average price of $232.57.

AppFolio (NASDAQ:APPF) last posted its earnings results on Thursday, October 24th. The software maker reported $1.29 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.26. The firm had revenue of $206.00 million during 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 quarterly revenue was up 24.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.26 EPS. As a group, equities analysts predict that AppFolio, Inc. will post 3.23 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. 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 report on Tuesday, October 15th. Piper Sandler dropped 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. StockNews.com downgraded shares of AppFolio from a “buy” rating to a “hold” rating in a report on Thursday, August 22nd. Finally, KeyCorp dropped their target price on shares of AppFolio from $300.00 to $252.00 and set an “overweight” rating for the company in a research report on Friday, October 25th. One analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $261.75.

Insider Activity

In other AppFolio news, major shareholder Maurice J. Duca sold 2,700 shares of the firm’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $234.05, for a total value of $631,935.00. Following the completion of the sale, the insider now owns 14,716 shares of the company’s stock, valued at $3,444,279.80. This trade represents a 15.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Matthew S. Mazza sold 5,090 shares of the firm’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $236.24, for a total transaction of $1,202,461.60. Following the completion of the sale, the insider now directly owns 28,266 shares of the company’s stock, valued at approximately $6,677,559.84. The trade was a 15.26 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 29,806 shares of company stock valued at $7,164,293 in the last ninety days. 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.