AppFolio, Inc. $APPF Shares Sold by Bank of Montreal Can

Bank of Montreal Can trimmed its holdings in AppFolio, Inc. (NASDAQ:APPF) by 11.7% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,210 shares of the software maker’s stock after selling 425 shares during the period. Bank of Montreal Can’s holdings in AppFolio were worth $739,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Caitong International Asset Management Co. Ltd purchased a new stake in AppFolio during the 1st quarter valued at about $55,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of AppFolio by 23.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 384 shares of the software maker’s stock worth $84,000 after purchasing an additional 73 shares during the last quarter. Oliver Lagore Vanvalin Investment Group purchased a new stake in shares of AppFolio in the second quarter valued at approximately $90,000. Reyes Financial Architecture Inc. purchased a new stake in shares of AppFolio in the second quarter valued at approximately $96,000. Finally, IFP Advisors Inc increased its holdings in shares of AppFolio by 3,278.9% in the first quarter. IFP Advisors Inc now owns 642 shares of the software maker’s stock valued at $141,000 after purchasing an additional 623 shares during the last quarter. 85.19% of the stock is owned by hedge funds and other institutional investors.

AppFolio Trading Up 0.6%

Shares of APPF opened at $247.96 on Monday. The company’s 50-day moving average price is $255.56 and its 200 day moving average price is $247.90. AppFolio, Inc. has a 12-month low of $190.24 and a 12-month high of $326.04. The firm has a market cap of $8.91 billion, a P/E ratio of 44.52 and a beta of 0.83.

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

Insider Transactions at AppFolio

In other news, insider Matthew S. Mazza sold 1,636 shares of AppFolio stock in a transaction on 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 sale, the insider directly owned 25,015 shares of the company’s stock, valued at approximately $6,928,654.70. The trade was a 6.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO William Shane Trigg sold 4,000 shares of the stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $276.95, for a total value of $1,107,800.00. Following the transaction, the chief executive officer directly owned 59,556 shares in the company, valued at approximately $16,494,034.20. The trade was a 6.29% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 22,801 shares of company stock valued at $6,312,246. Corporate insiders own 4.68% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. KeyCorp lowered their price objective on AppFolio from $285.00 to $270.00 and set an “overweight” rating on the stock in a research note on Friday, October 31st. 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. Weiss Ratings lowered shares of AppFolio from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday. Piper Sandler raised shares of AppFolio from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $240.00 to $350.00 in a research note on Friday, August 1st. Finally, DA Davidson decreased their target price on shares of AppFolio from $375.00 to $325.00 and set a “buy” rating on the stock in a report on Friday, October 31st. Six research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $310.20.

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.