AppFolio, Inc. $APPF Stock Holdings Lifted by Capital Impact Advisors LLC

Capital Impact Advisors LLC increased its holdings in AppFolio, Inc. (NASDAQ:APPF) by 32.6% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 35,378 shares of the software maker’s stock after buying an additional 8,691 shares during the period. AppFolio comprises approximately 2.2% of Capital Impact Advisors LLC’s holdings, making the stock its 22nd biggest position. Capital Impact Advisors LLC’s holdings in AppFolio were worth $9,752,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of APPF. ProShare Advisors LLC lifted its holdings in AppFolio by 3.6% in the second quarter. ProShare Advisors LLC now owns 1,078 shares of the software maker’s stock worth $248,000 after acquiring an additional 37 shares during the last quarter. Truist Financial Corp boosted its stake in AppFolio by 1.1% in the third quarter. Truist Financial Corp now owns 3,928 shares of the software maker’s stock valued at $1,083,000 after acquiring an additional 43 shares during the period. Amalgamated Bank grew its holdings in shares of AppFolio by 0.4% during the third quarter. Amalgamated Bank now owns 11,068 shares of the software maker’s stock valued at $3,051,000 after purchasing an additional 46 shares during the last quarter. Linden Thomas Advisory Services LLC grew its holdings in shares of AppFolio by 3.1% during the third quarter. Linden Thomas Advisory Services LLC now owns 1,515 shares of the software maker’s stock valued at $418,000 after purchasing an additional 46 shares during the last quarter. Finally, Woodline Partners LP raised its position in shares of AppFolio by 2.9% during the 1st quarter. Woodline Partners LP now owns 1,754 shares of the software maker’s stock worth $386,000 after purchasing an additional 50 shares during the period. Institutional investors own 85.19% of the company’s stock.

Insider Transactions at AppFolio

In other news, CEO William Shane Trigg sold 6,963 shares of the stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $169.73, for a total value of $1,181,829.99. Following the completion of the transaction, the chief executive officer owned 52,920 shares of the company’s stock, valued at approximately $8,982,111.60. This represents a 11.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 4.68% of the company’s stock.

AppFolio Trading Down 2.1%

APPF opened at $172.50 on Friday. The business’s 50 day moving average is $195.40 and its 200-day moving average is $229.94. The stock has a market cap of $6.21 billion, a PE ratio of 44.46 and a beta of 0.75. AppFolio, Inc. has a twelve month low of $161.13 and a twelve month high of $326.04.

AppFolio (NASDAQ:APPF) last issued its quarterly earnings data on Thursday, January 29th. The software maker reported $1.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.22 by $0.17. AppFolio had a return on equity of 29.79% and a net margin of 14.82%.The business had revenue of $248.19 million during the quarter, compared to analyst estimates of $246.56 million. During the same period in the prior year, the company posted $0.92 EPS. The business’s revenue for the quarter was up 21.7% compared to the same quarter last year. As a group, analysts forecast that AppFolio, Inc. will post 3.96 EPS for the current year.

Analyst Ratings Changes

Several brokerages recently issued reports on APPF. William Blair reissued an “outperform” rating on shares of AppFolio in a report on Friday, January 30th. Piper Sandler lowered their price objective on AppFolio from $350.00 to $245.00 and set an “overweight” rating for the company in a research note on Friday, January 30th. JPMorgan Chase & Co. dropped their target price on AppFolio from $330.00 to $300.00 and set an “overweight” rating on the stock in a research report on Friday, January 30th. Wall Street Zen upgraded AppFolio from a “hold” rating to a “buy” rating in a research note on Sunday. Finally, UBS Group set a $260.00 price target on shares of AppFolio and gave the company a “buy” rating in a report on Friday, January 30th. Eight analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $270.83.

AppFolio Company Profile

AppFolio, Inc is a Santa Barbara–based provider of cloud-based software solutions for the property management and legal industries. Founded in 2006 by former software executives, the company went public on the NASDAQ under the symbol APPF in 2015. Its original offering, AppFolio Property Manager, automates accounting, marketing, leasing, and maintenance functions for residential, commercial, student housing, and community association managers.

In 2019, AppFolio expanded its portfolio with the acquisition of MyCase, a web-based legal practice management platform for small to mid-size law firms.