AppFolio, Inc. $APPF Shares Sold by Allianz Asset Management GmbH

Allianz Asset Management GmbH trimmed its position in AppFolio, Inc. (NASDAQ:APPF) by 47.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,927 shares of the software maker’s stock after selling 2,626 shares during the period. Allianz Asset Management GmbH’s holdings in AppFolio were worth $674,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd acquired a new stake in AppFolio in the first quarter worth approximately $55,000. GAMMA Investing LLC lifted 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 purchasing an additional 185 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of AppFolio by 23.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 384 shares of the software maker’s stock valued at $84,000 after buying an additional 73 shares in the last quarter. Oliver Lagore Vanvalin Investment Group bought a new position in shares of AppFolio in the second quarter valued at $90,000. Finally, Reyes Financial Architecture Inc. bought a new position in shares of AppFolio in the second quarter valued at $96,000. 85.19% of the stock is currently owned by institutional investors and hedge funds.

AppFolio Stock Up 1.1%

APPF opened at $245.27 on Tuesday. AppFolio, Inc. has a 12-month low of $190.24 and a 12-month high of $326.04. The firm has a market capitalization of $8.79 billion, a P/E ratio of 44.27 and a beta of 0.83. The stock has a fifty day moving average of $262.48 and a 200-day moving average of $244.35.

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 analysts’ consensus estimates of $1.27 by $0.11. AppFolio had a net margin of 23.54% and a return on equity of 26.32%. The business had revenue of $235.58 million for the quarter, compared to the consensus estimate of $230.10 million. During the same period in the prior year, the business posted $1.12 earnings per share. AppFolio’s revenue for the quarter was up 19.4% compared to the same quarter last year. AppFolio has set its FY 2025 guidance at EPS. On average, analysts expect that AppFolio, Inc. will post 3.96 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of AppFolio in a report on Wednesday, October 8th. Piper Sandler raised 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 report on Friday, August 1st. Keefe, Bruyette & Woods raised AppFolio from a “market perform” rating to an “outperform” rating and set a $311.00 price target on the stock in a report on Friday. KeyCorp raised AppFolio from a “sector weight” rating to an “overweight” rating and set a $285.00 price target on the stock in a report on Friday, October 17th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $350.00 price target on shares of AppFolio in a report on Friday, August 1st. Seven investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $318.20.

Insider Transactions at AppFolio

In other news, major shareholder Maurice J. Duca sold 3,100 shares of the company’s stock in a transaction on Monday, August 4th. The shares were sold at an average price of $321.38, for a total value of $996,278.00. Following the transaction, the insider directly owned 42,400 shares of the company’s stock, valued at approximately $13,626,512. This represents a 6.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO William Shane Trigg sold 4,000 shares of the company’s stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $276.95, for a total transaction of $1,107,800.00. Following the completion of the transaction, the chief executive officer directly owned 59,556 shares in the company, valued at $16,494,034.20. This trade represents a 6.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 58,803 shares of company stock valued at $16,938,949. 4.68% of the stock is owned by insiders.

AppFolio 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.