2,178 Shares in AppFolio, Inc. $APPF Purchased by Bryce Point Capital LLC

Bryce Point Capital LLC bought a new stake in AppFolio, Inc. (NASDAQ:APPF) during the second quarter, HoldingsChannel reports. The institutional investor bought 2,178 shares of the software maker’s stock, valued at approximately $502,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of APPF. Caitong International Asset Management Co. Ltd bought a new stake in shares of AppFolio in the 1st quarter worth approximately $55,000. GAMMA Investing LLC increased its position in AppFolio by 110.1% in the first quarter. GAMMA Investing LLC now owns 353 shares of the software maker’s stock worth $78,000 after buying an additional 185 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in AppFolio by 23.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 384 shares of the software maker’s stock worth $84,000 after buying an additional 73 shares during the last quarter. Oliver Lagore Vanvalin Investment Group purchased a new position in shares of AppFolio during the 2nd quarter valued at $90,000. Finally, Reyes Financial Architecture Inc. bought a new position in shares of AppFolio during the 2nd quarter worth $96,000. 85.19% of the stock is owned by institutional investors.

AppFolio Trading Down 0.6%

APPF stock opened at $260.62 on Wednesday. The firm has a 50 day moving average of $259.78 and a 200-day moving average of $245.68. The firm has a market capitalization of $9.34 billion, a P/E ratio of 46.79 and a beta of 0.83. AppFolio, Inc. has a 12 month low of $190.24 and a 12 month high of $326.04.

AppFolio (NASDAQ:APPF) last posted its earnings results on Thursday, October 30th. The software maker reported $1.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.45 by ($0.14). AppFolio had a return on equity of 25.97% and a net margin of 22.48%.The firm had revenue of $249.35 million during the quarter, compared to analysts’ expectations of $245.39 million. During the same quarter in the prior year, the company earned $1.29 earnings per share. The business’s revenue for the quarter was up 21.2% compared to the same quarter last year. AppFolio has set its FY 2025 guidance at EPS. Sell-side analysts predict that AppFolio, Inc. will post 3.96 EPS for the current year.

Insider Activity at AppFolio

In related news, major shareholder Maurice J. Duca sold 2,500 shares of the business’s stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $275.57, for a total transaction of $688,925.00. Following the completion of the transaction, the insider directly owned 55,795 shares in the company, valued at $15,375,428.15. The trade was a 4.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Matthew S. Mazza sold 1,636 shares of the company’s stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $276.98, for a total value of $453,139.28. Following the completion of the transaction, the insider owned 25,015 shares in the company, valued at $6,928,654.70. This represents a 6.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 39,003 shares of company stock valued at $10,857,891 in the last ninety days. 4.68% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on APPF. Weiss Ratings restated a “buy (b-)” rating on shares of AppFolio in a research note on Wednesday, October 8th. Keefe, Bruyette & Woods raised shares of AppFolio from a “market perform” rating to an “outperform” rating and set a $311.00 price target on the stock in a research report on Friday, October 24th. Piper Sandler upgraded shares of AppFolio from a “neutral” rating to an “overweight” rating and upped their price target for the company from $240.00 to $350.00 in a research note on Friday, August 1st. DA Davidson reduced their price objective on shares of AppFolio from $375.00 to $325.00 and set a “buy” rating for the company in a research note on Friday, October 31st. Finally, KeyCorp dropped their target price on AppFolio from $285.00 to $270.00 and set an “overweight” rating on the stock in a research report on Friday, October 31st. Seven equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $310.20.

About AppFolio

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.