KCM Investment Advisors LLC Invests $234,000 in AppFolio, Inc. (NASDAQ:APPF)

KCM Investment Advisors LLC purchased a new position in shares of AppFolio, Inc. (NASDAQ:APPF) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 948 shares of the software maker’s stock, valued at approximately $234,000.

A number of other large investors also recently bought and sold shares of APPF. Allspring Global Investments Holdings LLC increased its holdings in AppFolio by 497.7% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 43,552 shares of the software maker’s stock worth $7,545,000 after purchasing an additional 36,265 shares during the period. Long Walk Management LP raised its holdings in shares of AppFolio by 62.7% in the fourth quarter. Long Walk Management LP now owns 122,000 shares of the software maker’s stock valued at $21,135,000 after acquiring an additional 47,000 shares in the last quarter. Oberndorf William E purchased a new stake in AppFolio in the fourth quarter worth about $3,020,000. WCM Investment Management LLC bought a new position in AppFolio during the 4th quarter worth about $12,941,000. Finally, Nebula Research & Development LLC raised its holdings in shares of AppFolio by 554.5% in the 4th quarter. Nebula Research & Development LLC now owns 9,039 shares of the software maker’s stock valued at $1,566,000 after purchasing an additional 7,658 shares in the last quarter. Hedge funds and other institutional investors own 62.34% of the company’s stock.

Insider Buying and Selling

In other AppFolio news, Director Alexander Wolf sold 10,000 shares of AppFolio stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $250.26, for a total transaction of $2,502,600.00. Following the completion of the transaction, the director now owns 182,584 shares in the company, valued at approximately $45,693,471.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Timothy K. Bliss sold 6,400 shares of the stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $243.41, for a total transaction of $1,557,824.00. Following the transaction, the director now owns 4,354 shares in the company, valued at approximately $1,059,807.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Alexander Wolf sold 10,000 shares of the stock in a transaction on 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 transaction, the director now directly owns 182,584 shares in the company, valued at $45,693,471.84. The disclosure for this sale can be found here. In the last quarter, insiders have sold 123,982 shares of company stock worth $29,429,129. 9.15% of the stock is owned by company insiders.

AppFolio Stock Up 1.0 %

Shares of APPF traded up $2.69 during trading hours on Monday, reaching $267.04. 48,300 shares of the company traded hands, compared to its average volume of 298,235. The stock has a market capitalization of $9.67 billion, a P/E ratio of 127.71 and a beta of 0.80. The business has a fifty day moving average price of $239.83 and a 200-day moving average price of $225.24. AppFolio, Inc. has a 12-month low of $164.29 and a 12-month high of $268.16.

AppFolio (NASDAQ:APPF) last announced its quarterly earnings data on Thursday, April 25th. The software maker reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.09. AppFolio had a return on equity of 13.51% and a net margin of 11.38%. The business had revenue of $187.43 million for the quarter, compared to analyst estimates of $173.66 million. As a group, research analysts predict that AppFolio, Inc. will post 2.85 EPS for the current fiscal year.

Analyst Ratings Changes

APPF has been the topic of several research reports. Keefe, Bruyette & Woods lifted their price objective on shares of AppFolio from $215.00 to $238.00 and gave the company a “market perform” rating in a report on Friday, April 26th. Piper Sandler restated an “overweight” rating and set a $295.00 price objective on shares of AppFolio in a research note on Friday. Stephens reiterated an “overweight” rating and issued a $241.00 target price on shares of AppFolio in a research note on Friday, April 26th. Finally, KeyCorp increased their price target on shares of AppFolio from $264.00 to $275.00 and gave the company an “overweight” rating in a research report on Friday, April 26th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $248.71.

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.