Long Walk Management LP Has $11.95 Million Holdings in AppFolio, Inc. (NASDAQ:APPF)

Long Walk Management LP reduced its stake in shares of AppFolio, Inc. (NASDAQ:APPF) by 43.3% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 50,750 shares of the software maker’s stock after selling 38,750 shares during the period. AppFolio makes up approximately 4.9% of Long Walk Management LP’s holdings, making the stock its 10th biggest holding. Long Walk Management LP owned 0.14% of AppFolio worth $11,947,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Janney Montgomery Scott LLC bought a new stake in shares of AppFolio in the first quarter valued at about $839,000. Mutual of America Capital Management LLC bought a new position in shares of AppFolio during the 1st quarter worth approximately $2,746,000. Texas Permanent School Fund Corp acquired a new stake in shares of AppFolio in the first quarter valued at approximately $4,415,000. Envestnet Portfolio Solutions Inc. bought a new stake in shares of AppFolio in the first quarter worth $307,000. Finally, SG Americas Securities LLC lifted its position in shares of AppFolio by 29.7% in the first quarter. SG Americas Securities LLC now owns 1,498 shares of the software maker’s stock worth $370,000 after purchasing an additional 343 shares in the last quarter. Institutional investors own 62.34% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on APPF shares. DA Davidson lifted their price target on shares of AppFolio from $285.00 to $300.00 and gave the company a “buy” rating in a research note on Friday, July 26th. KeyCorp decreased their price objective 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 cut AppFolio from a “buy” rating to a “hold” rating in a research report on Thursday, August 22nd. Keefe, Bruyette & Woods lowered AppFolio from a “market perform” rating to an “underperform” rating and lowered their price target for the stock from $255.00 to $193.00 in a research report on Tuesday, October 15th. Finally, JPMorgan Chase & Co. increased their price objective on AppFolio from $260.00 to $328.00 and gave the company an “overweight” rating in a report on Wednesday, July 17th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $261.75.

Insider Transactions at AppFolio

In other news, major shareholder Maurice J. Duca sold 200 shares of the stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $232.18, for a total transaction of $46,436.00. Following the transaction, the insider now owns 18,922 shares in the company, valued at approximately $4,393,309.96. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other AppFolio news, CEO William Shane Trigg sold 3,501 shares of the business’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $218.98, for a total value of $766,648.98. Following the completion of the sale, the chief executive officer now owns 81,699 shares of the company’s stock, valued at $17,890,447.02. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Maurice J. Duca sold 200 shares of the stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $232.18, for a total transaction of $46,436.00. Following the transaction, the insider now owns 18,922 shares in the company, valued at approximately $4,393,309.96. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 17,652 shares of company stock worth $4,053,818 over the last quarter. Company insiders own 5.24% of the company’s stock.

AppFolio Trading Down 0.1 %

Shares of NASDAQ APPF opened at $228.20 on Friday. AppFolio, Inc. has a 12 month low of $164.29 and a 12 month high of $274.56. The stock has a 50 day moving average of $221.31 and a 200-day moving average of $230.97. The company has a market capitalization of $8.29 billion, a P/E ratio of 63.57 and a beta of 0.83.

AppFolio (NASDAQ:APPF) last issued its quarterly earnings data 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. The company had revenue of $206.00 million for the quarter, compared to analyst estimates of $199.11 million. AppFolio had a net margin of 17.26% and a return on equity of 30.64%. The company’s revenue was up 24.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.26 earnings per share. Analysts predict that AppFolio, Inc. will post 3.23 EPS for the current fiscal year.

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.