Amundi Sells 3,447 Shares of AppFolio, Inc. $APPF

Amundi lessened its holdings in shares of AppFolio, Inc. (NASDAQ:APPF) by 20.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,734 shares of the software maker’s stock after selling 3,447 shares during the period. Amundi’s holdings in AppFolio were worth $3,082,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. EP Wealth Advisors LLC bought a new position in shares of AppFolio during the 1st quarter valued at about $320,000. PDT Partners LLC lifted its holdings in shares of AppFolio by 23.9% during the 1st quarter. PDT Partners LLC now owns 5,704 shares of the software maker’s stock valued at $1,254,000 after purchasing an additional 1,100 shares in the last quarter. Alamar Capital Management LLC bought a new position in shares of AppFolio during the 1st quarter valued at about $2,501,000. Royal Bank of Canada lifted its holdings in shares of AppFolio by 22.6% during the 1st quarter. Royal Bank of Canada now owns 45,452 shares of the software maker’s stock valued at $9,993,000 after purchasing an additional 8,367 shares in the last quarter. Finally, Graham Capital Management L.P. lifted its holdings in shares of AppFolio by 3.6% during the 1st quarter. Graham Capital Management L.P. now owns 11,869 shares of the software maker’s stock valued at $2,610,000 after purchasing an additional 417 shares in the last quarter. Institutional investors own 85.19% of the company’s stock.

AppFolio Stock Up 1.7%

NASDAQ:APPF opened at $281.48 on Friday. The firm has a market capitalization of $10.09 billion, a price-to-earnings ratio of 50.81 and a beta of 0.89. AppFolio, Inc. has a twelve month low of $189.01 and a twelve month high of $326.04. The stock’s 50 day moving average price is $269.48 and its two-hundred day moving average price is $235.90.

AppFolio (NASDAQ:APPF) last posted its quarterly earnings results on Thursday, July 31st. The software maker reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.27 by $0.11. The firm had revenue of $235.58 million for the quarter, compared to analyst estimates of $230.10 million. AppFolio had a return on equity of 26.32% and a net margin of 23.54%.The business’s quarterly revenue was up 19.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.12 EPS. AppFolio has set its FY 2025 guidance at EPS. As a group, analysts anticipate that AppFolio, Inc. will post 3.96 earnings per share for the current year.

Insiders Place Their Bets

In other news, major shareholder Maurice J. Duca sold 3,100 shares of AppFolio stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $321.38, for a total transaction of $996,278.00. Following the completion of the transaction, the insider directly owned 42,400 shares in the company, valued at approximately $13,626,512. The trade was a 6.81% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Klaus Schauser sold 3,000 shares of AppFolio stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $295.14, for a total value of $885,420.00. Following the transaction, the insider owned 300,000 shares of the company’s stock, valued at $88,542,000. This represents a 0.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 51,803 shares of company stock valued at $14,995,040 in the last 90 days. 4.68% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

APPF has been the topic of a number of recent research reports. Piper Sandler raised AppFolio from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $240.00 to $350.00 in a research report on Friday, August 1st. DA Davidson reissued a “buy” rating and issued a $350.00 target price on shares of AppFolio in a research report on Friday, August 1st. Finally, Keefe, Bruyette & Woods lifted their target price on AppFolio from $295.00 to $311.00 and gave the company a “market perform” rating in a research report on Wednesday, September 3rd. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $311.80.

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.