Vanguard Personalized Indexing Management LLC Purchases 574 Shares of AppFolio, Inc. (NASDAQ:APPF)

Vanguard Personalized Indexing Management LLC lifted its position in shares of AppFolio, Inc. (NASDAQ:APPF) by 48.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,759 shares of the software maker’s stock after buying an additional 574 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in AppFolio were worth $430,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of APPF. CWM LLC raised its stake in shares of AppFolio by 238.6% during the 2nd quarter. CWM LLC now owns 149 shares of the software maker’s stock worth $36,000 after acquiring an additional 105 shares in the last quarter. GAMMA Investing LLC increased its stake 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 purchasing an additional 112 shares in the last quarter. Advisors Asset Management Inc. raised its holdings in AppFolio by 291.3% in the 1st 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 period. Amalgamated Bank boosted its position in AppFolio by 1.3% during the second quarter. Amalgamated Bank now owns 10,945 shares of the software maker’s stock worth $2,677,000 after purchasing an additional 144 shares in the last quarter. Finally, RiverPark Advisors LLC grew its holdings in AppFolio by 29.8% in the second quarter. RiverPark Advisors LLC now owns 867 shares of the software maker’s stock valued at $212,000 after purchasing an additional 199 shares during the period. Institutional investors own 62.34% of the company’s stock.

AppFolio Trading Down 0.8 %

Shares of APPF stock opened at $234.54 on Friday. AppFolio, Inc. has a twelve month low of $164.29 and a twelve month high of $274.56. The stock has a market cap of $8.49 billion, a price-to-earnings ratio of 113.30 and a beta of 0.81. The company’s 50-day moving average price is $227.94 and its 200-day moving average price is $233.41.

AppFolio (NASDAQ:APPF) last announced its quarterly earnings results on Thursday, July 25th. The software maker reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.96 by $0.16. The business had revenue of $197.38 million during the quarter, compared to the consensus estimate of $190.57 million. AppFolio had a net margin of 17.32% and a return on equity of 27.39%. The business’s revenue was up 34.2% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.53) EPS. As a group, equities research analysts predict that AppFolio, Inc. will post 3.04 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on APPF shares. DA Davidson lifted their price objective on AppFolio from $285.00 to $300.00 and gave the stock a “buy” rating in a report on Friday, July 26th. StockNews.com cut AppFolio from a “buy” rating to a “hold” rating in a research report on Thursday, August 22nd. KeyCorp raised their price objective on AppFolio from $275.00 to $300.00 and gave the company an “overweight” rating in a report on Friday, July 26th. Piper Sandler Companies reiterated an “overweight” rating and issued a $300.00 target price on shares of AppFolio in a research report on Friday, July 26th. Finally, Piper Sandler boosted their price target on shares of AppFolio from $295.00 to $300.00 and gave the stock an “overweight” rating in a research report on Friday, July 26th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $277.75.

Insider Activity at AppFolio

In related news, CEO William Shane Trigg sold 3,501 shares of the stock in a transaction on Friday, August 16th. The stock was sold at an average price of $218.98, for a total value of $766,648.98. Following the transaction, the chief executive officer now owns 81,699 shares of the company’s stock, valued at $17,890,447.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other AppFolio news, major shareholder Klaus Schauser sold 1,000 shares of the company’s stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $270.00, for a total value of $270,000.00. Following the sale, the insider now owns 403,000 shares of the company’s stock, valued at $108,810,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO William Shane Trigg sold 3,501 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $218.98, for a total transaction of $766,648.98. Following the transaction, the chief executive officer now directly owns 81,699 shares in the company, valued at approximately $17,890,447.02. The disclosure for this sale can be found here. Insiders sold 44,832 shares of company stock worth $10,792,048 in the last three months. 9.15% of the stock is owned by company insiders.

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.