AppFolio, Inc. (NASDAQ:APPF) Shares Acquired by TD Asset Management Inc

TD Asset Management Inc increased its stake in shares of AppFolio, Inc. (NASDAQ:APPF) by 48.1% in the 2nd quarter, Holdings Channel reports. The firm owned 8,000 shares of the software maker’s stock after purchasing an additional 2,600 shares during the period. TD Asset Management Inc’s holdings in AppFolio were worth $1,957,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC grew its holdings in shares of AppFolio by 589.5% during the second quarter. GAMMA Investing LLC now owns 131 shares of the software maker’s stock worth $32,000 after buying an additional 112 shares in the last quarter. CWM LLC boosted its position in AppFolio by 238.6% during the second quarter. CWM LLC now owns 149 shares of the software maker’s stock worth $36,000 after acquiring an additional 105 shares during the last quarter. Advisors Asset Management Inc. grew its stake in AppFolio by 291.3% during the 1st quarter. Advisors Asset Management Inc. now owns 180 shares of the software maker’s stock valued at $44,000 after acquiring an additional 134 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in AppFolio in the 4th quarter valued at about $64,000. Finally, Covestor Ltd lifted its stake in AppFolio by 114.0% in the 1st quarter. Covestor Ltd now owns 550 shares of the software maker’s stock worth $136,000 after purchasing an additional 293 shares in the last quarter. 62.34% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at AppFolio

In related news, major shareholder Maurice J. Duca sold 2,274 shares of the business’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $233.01, for a total value of $529,864.74. Following the sale, the insider now owns 19,122 shares in the company, valued at approximately $4,455,617.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other AppFolio news, major shareholder Maurice J. Duca sold 2,600 shares of the firm’s stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $229.65, for a total value of $597,090.00. Following the completion of the transaction, the insider now owns 52,400 shares of the company’s stock, valued at approximately $12,033,660. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Maurice J. Duca sold 2,274 shares of the company’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $233.01, for a total value of $529,864.74. Following the sale, the insider now directly owns 19,122 shares in the company, valued at approximately $4,455,617.22. The disclosure for this sale can be found here. Insiders sold a total of 61,854 shares of company stock worth $14,839,064 over the last ninety days. Company insiders own 9.15% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on APPF. JPMorgan Chase & Co. upped their price target on AppFolio from $260.00 to $328.00 and gave the company an “overweight” rating in a research report on Wednesday, July 17th. Piper Sandler upped their target price on AppFolio from $295.00 to $300.00 and gave the company an “overweight” rating in a report on Friday, July 26th. KeyCorp lifted their price target on AppFolio from $275.00 to $300.00 and gave the stock an “overweight” rating in a report on Friday, July 26th. StockNews.com lowered shares of AppFolio from a “buy” rating to a “hold” rating in a report on Thursday, August 22nd. Finally, Piper Sandler Companies reaffirmed an “overweight” rating and set a $300.00 target price on shares of AppFolio in a research note on Friday, July 26th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $277.75.

AppFolio Price Performance

NASDAQ APPF opened at $225.84 on Friday. The stock has a market capitalization of $8.19 billion, a P/E ratio of 109.10 and a beta of 0.81. The firm’s 50-day moving average is $232.94 and its two-hundred day moving average is $233.50. AppFolio, Inc. has a 12 month low of $164.29 and a 12 month high of $274.56.

AppFolio (NASDAQ:APPF) last issued its quarterly earnings data on Thursday, July 25th. The software maker reported $1.12 EPS for the quarter, topping the consensus estimate of $0.96 by $0.16. The firm had revenue of $197.38 million for the quarter, compared to analyst estimates of $190.57 million. AppFolio had a net margin of 17.32% and a return on equity of 27.39%. The business’s revenue for the quarter was up 34.2% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.53) EPS. As a group, analysts anticipate that AppFolio, Inc. will post 3.04 EPS for the current year.

AppFolio Company 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.