Empowered Funds LLC Raises Position in AppFolio, Inc. (NASDAQ:APPF)

Empowered Funds LLC boosted its holdings in AppFolio, Inc. (NASDAQ:APPF) by 3.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,927 shares of the software maker’s stock after acquiring an additional 200 shares during the quarter. Empowered Funds LLC’s holdings in AppFolio were worth $1,631,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in APPF. Blue Trust Inc. increased its stake in AppFolio by 85.7% in the 3rd quarter. Blue Trust Inc. now owns 117 shares of the software maker’s stock worth $29,000 after buying an additional 54 shares in the last quarter. GAMMA Investing LLC grew its holdings in AppFolio by 589.5% during the 2nd quarter. GAMMA Investing LLC now owns 131 shares of the software maker’s stock valued at $32,000 after buying an additional 112 shares in the last quarter. CWM LLC raised its position in shares of 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 buying an additional 105 shares during the last quarter. Advisors Asset Management Inc. lifted its holdings in shares of AppFolio by 291.3% in the first quarter. Advisors Asset Management Inc. now owns 180 shares of the software maker’s stock worth $44,000 after buying an additional 134 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its position in shares of AppFolio by 688.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 213 shares of the software maker’s stock worth $52,000 after acquiring an additional 186 shares during the last quarter. 62.34% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at AppFolio

In other news, 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 sale, the insider now owns 33,819 shares of the company’s stock, valued at $7,745,903.76. The trade was a 2.67 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Maurice J. Duca sold 2,968 shares of the business’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $234.87, for a total value of $697,094.16. Following the sale, the insider now owns 24,500 shares in the company, valued at approximately $5,754,315. The trade was a 10.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 24,865 shares of company stock worth $5,799,618. Company insiders own 5.24% of the company’s stock.

AppFolio Trading Up 2.5 %

NASDAQ:APPF opened at $236.47 on Friday. The stock has a fifty day moving average price of $222.54 and a 200 day moving average price of $231.07. AppFolio, Inc. has a 12-month low of $164.29 and a 12-month high of $274.56. The firm has a market cap of $8.59 billion, a PE ratio of 65.87 and a beta of 0.83.

AppFolio (NASDAQ:APPF) last released its quarterly earnings data 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 business 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 business’s revenue for the quarter was up 24.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.26 EPS. Equities analysts forecast that AppFolio, Inc. will post 3.23 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Piper Sandler lowered their target price on AppFolio from $300.00 to $265.00 and set an “overweight” rating for the company in a research report on Friday, October 25th. KeyCorp reduced their price objective on AppFolio from $300.00 to $252.00 and set an “overweight” rating on the stock in a research note on Friday, October 25th. DA Davidson boosted their target price on AppFolio from $285.00 to $300.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Piper Sandler Companies restated an “overweight” rating and issued a $300.00 price target on shares of AppFolio in a research report on Friday, July 26th. Finally, Keefe, Bruyette & Woods lowered shares of AppFolio from a “market perform” rating to an “underperform” rating and dropped their price objective for the stock from $255.00 to $193.00 in a research note on Tuesday, October 15th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target 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.