Blueshift Asset Management LLC Purchases New Holdings in AppFolio, Inc. (NASDAQ:APPF)

Blueshift Asset Management LLC acquired a new position in shares of AppFolio, Inc. (NASDAQ:APPF) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 1,102 shares of the software maker’s stock, valued at approximately $259,000.

Other institutional investors also recently made changes to their positions in the company. Blue Trust Inc. grew its holdings in AppFolio by 85.7% during the 3rd quarter. Blue Trust Inc. now owns 117 shares of the software maker’s stock worth $29,000 after acquiring an additional 54 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of AppFolio by 589.5% in the 2nd quarter. GAMMA Investing LLC now owns 131 shares of the software maker’s stock valued at $32,000 after acquiring an additional 112 shares during the last quarter. CWM LLC raised its position in shares of AppFolio by 238.6% during the 2nd quarter. CWM LLC now owns 149 shares of the software maker’s stock valued at $36,000 after acquiring an additional 105 shares in the last quarter. Advisors Asset Management Inc. lifted its stake in AppFolio by 291.3% during the first quarter. Advisors Asset Management Inc. now owns 180 shares of the software maker’s stock worth $44,000 after purchasing an additional 134 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in AppFolio by 688.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 213 shares of the software maker’s stock worth $52,000 after purchasing an additional 186 shares during the period. 62.34% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on APPF. Keefe, Bruyette & Woods downgraded shares of AppFolio from a “market perform” rating to an “underperform” rating and reduced their price target for the stock from $255.00 to $193.00 in a research report on Tuesday, October 15th. StockNews.com downgraded AppFolio from a “buy” rating to a “hold” rating in a research note on Thursday, August 22nd. KeyCorp decreased their price target on AppFolio from $300.00 to $252.00 and set an “overweight” rating for the company in a research note on Friday, October 25th. Finally, Piper Sandler cut their price objective on shares of AppFolio from $300.00 to $265.00 and set an “overweight” rating on the stock in a research note on Friday, October 25th. One analyst has rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $261.75.

Insider Buying and Selling

In other AppFolio news, CEO William Shane Trigg sold 3,500 shares of AppFolio stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $229.85, for a total transaction of $804,475.00. Following the transaction, the chief executive officer now directly owns 74,327 shares in the company, valued at approximately $17,084,060.95. The trade was a 4.50 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Matthew S. Mazza sold 926 shares of the business’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $229.04, for a total transaction of $212,091.04. Following the sale, the insider now directly owns 33,819 shares in the company, valued at approximately $7,745,903.76. This trade represents a 2.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 24,461 shares of company stock worth $5,766,272 in the last three months. 5.24% of the stock is currently owned by insiders.

AppFolio Trading Down 0.2 %

Shares of AppFolio stock opened at $254.82 on Friday. AppFolio, Inc. has a 52 week low of $164.29 and a 52 week high of $274.56. The company’s 50-day moving average price is $224.38 and its two-hundred day moving average price is $231.08. The stock has a market cap of $9.26 billion, a PE ratio of 70.98 and a beta of 0.83.

AppFolio (NASDAQ:APPF) last released its earnings results on Thursday, October 24th. The software maker reported $1.29 EPS for the quarter, beating the consensus estimate of $1.03 by $0.26. The business had revenue of $206.00 million during 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 business’s quarterly revenue was up 24.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.26 earnings per share. On average, equities 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.