AppFolio, Inc. (NASDAQ:APPF) Shares Bought by Westwind Capital

Westwind Capital raised its holdings in AppFolio, Inc. (NASDAQ:APPF) by 0.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 77,583 shares of the software maker’s stock after purchasing an additional 370 shares during the quarter. AppFolio accounts for 4.2% of Westwind Capital’s holdings, making the stock its 10th largest holding. Westwind Capital’s holdings in AppFolio were worth $19,141,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of APPF. State Street Corp lifted its stake in AppFolio by 8.2% during the 3rd quarter. State Street Corp now owns 653,136 shares of the software maker’s stock worth $153,748,000 after acquiring an additional 49,238 shares in the last quarter. Lord Abbett & CO. LLC boosted its stake in shares of AppFolio by 82.2% in the third quarter. Lord Abbett & CO. LLC now owns 459,285 shares of the software maker’s stock valued at $108,116,000 after purchasing an additional 207,204 shares during the period. Geode Capital Management LLC grew its holdings in shares of AppFolio by 8.6% in the third quarter. Geode Capital Management LLC now owns 413,032 shares of the software maker’s stock valued at $97,252,000 after purchasing an additional 32,743 shares in the last quarter. DF Dent & Co. Inc. increased its stake in AppFolio by 10.1% during the 3rd quarter. DF Dent & Co. Inc. now owns 351,691 shares of the software maker’s stock worth $82,788,000 after buying an additional 32,181 shares during the period. Finally, Franklin Resources Inc. lifted its holdings in AppFolio by 31.2% during the 3rd quarter. Franklin Resources Inc. now owns 228,655 shares of the software maker’s stock worth $51,800,000 after buying an additional 54,386 shares in the last quarter. Institutional investors and hedge funds own 85.19% of the company’s stock.

Insider Buying and Selling at AppFolio

In other news, major shareholder Maurice J. Duca sold 2,510 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $229.21, for a total transaction of $575,317.10. Following the completion of the sale, the insider now owns 2,459 shares in the company, valued at $563,627.39. This represents a 50.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO William Shane Trigg sold 4,145 shares of AppFolio stock in a transaction on Friday, December 6th. The shares were sold at an average price of $263.32, for a total transaction of $1,091,461.40. Following the completion of the transaction, the chief executive officer now owns 73,682 shares in the company, valued at approximately $19,401,944.24. This trade represents a 5.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 23,768 shares of company stock worth $5,744,891. 5.24% of the stock is owned by company insiders.

AppFolio Price Performance

Shares of APPF traded down $2.94 during midday trading on Tuesday, reaching $248.11. 97,324 shares of the stock were exchanged, compared to its average volume of 152,878. AppFolio, Inc. has a twelve month low of $165.13 and a twelve month high of $274.56. The company has a market capitalization of $9.01 billion, a price-to-earnings ratio of 69.11 and a beta of 0.87. The business’s 50-day moving average price is $244.19 and its 200 day moving average price is $235.08.

AppFolio (NASDAQ:APPF) last issued its quarterly earnings data on Thursday, October 24th. The software maker reported $1.29 earnings per share for the quarter, beating analysts’ consensus estimates of $1.03 by $0.26. The company had revenue of $206.00 million during the quarter, compared to analysts’ expectations of $199.11 million. AppFolio had a return on equity of 30.64% and a net margin of 17.26%. The firm’s revenue for the quarter was up 24.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.26 earnings per share. As a group, equities research analysts expect that AppFolio, Inc. will post 3.23 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

APPF has been the topic of a number of recent research reports. Keefe, Bruyette & Woods lowered AppFolio from a “market perform” rating to an “underperform” rating and cut their price objective for the stock from $255.00 to $193.00 in a research report on Tuesday, October 15th. Piper Sandler downgraded shares of AppFolio from an “overweight” rating to a “neutral” rating and set a $265.00 price target for the company. in a research note on Monday. Finally, KeyCorp dropped their price objective on shares of AppFolio from $300.00 to $252.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $261.75.

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.