57,321 Shares in AppFolio, Inc. (NASDAQ:APPF) Bought by Syon Capital LLC

Syon Capital LLC bought a new position in shares of AppFolio, Inc. (NASDAQ:APPF) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 57,321 shares of the software maker’s stock, valued at approximately $9,930,000. AppFolio accounts for about 0.9% of Syon Capital LLC’s portfolio, making the stock its 21st biggest holding. Syon Capital LLC owned about 0.16% of AppFolio at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. USA Financial Formulas bought a new stake in AppFolio in the 4th quarter valued at $59,000. BI Asset Management Fondsmaeglerselskab A S bought a new stake in AppFolio in the 4th quarter valued at $64,000. Meeder Asset Management Inc. bought a new stake in AppFolio in the 4th quarter valued at $85,000. Headlands Technologies LLC bought a new stake in AppFolio in the 4th quarter valued at $85,000. Finally, First Foundation Advisors bought a new stake in AppFolio in the 3rd quarter valued at $209,000. Institutional investors own 62.34% of the company’s stock.

AppFolio Trading Down 1.2 %

NASDAQ APPF traded down $2.90 on Friday, hitting $231.52. 131,899 shares of the company were exchanged, compared to its average volume of 196,354. The firm has a 50 day moving average of $232.12 and a two-hundred day moving average of $216.35. The company has a market cap of $8.38 billion, a P/E ratio of 111.85 and a beta of 0.80. AppFolio, Inc. has a 1-year low of $162.32 and a 1-year high of $256.73.

AppFolio (NASDAQ:APPF) last issued its quarterly earnings results on Thursday, April 25th. The software maker reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.09. The business had revenue of $187.43 million for the quarter, compared to the consensus estimate of $173.66 million. AppFolio had a net margin of 11.38% and a return on equity of 13.51%. Research analysts anticipate that AppFolio, Inc. will post 2.85 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have issued reports on APPF. Piper Sandler began coverage on shares of AppFolio in a report on Monday, June 10th. They issued an “overweight” rating and a $295.00 price target on the stock. Stephens reissued an “overweight” rating and issued a $241.00 price target on shares of AppFolio in a report on Friday, April 26th. Keefe, Bruyette & Woods boosted their target price on shares of AppFolio from $215.00 to $238.00 and gave the company a “market perform” rating in a research note on Friday, April 26th. Finally, KeyCorp boosted their target price on shares of AppFolio from $264.00 to $275.00 and gave the company an “overweight” rating in a research note on Friday, April 26th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, AppFolio presently has an average rating of “Moderate Buy” and an average target price of $248.71.

Insider Buying and Selling

In other AppFolio news, Director Alexander Wolf sold 10,000 shares of the company’s stock in a transaction dated 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 approximately $45,693,471.84. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other AppFolio news, Director Alexander Wolf sold 10,000 shares of the company’s stock in a transaction dated 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 approximately $45,693,471.84. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Matthew S. Mazza sold 2,131 shares of the company’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $249.46, for a total transaction of $531,599.26. Following the transaction, the insider now owns 43,680 shares in the company, valued at $10,896,412.80. The disclosure for this sale can be found here. Insiders have sold a total of 87,431 shares of company stock worth $20,691,480 in the last 90 days. Corporate insiders own 9.15% of the company’s stock.

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.