9,647 Shares in AppFolio, Inc. (NASDAQ:APPF) Acquired by B. Metzler seel. Sohn & Co. Holding AG

B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of AppFolio, Inc. (NASDAQ:APPF - Free Report) during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 9,647 shares of the software maker's stock, valued at approximately $2,271,000.

A number of other large investors have also recently bought and sold shares of APPF. Blue Trust Inc. boosted its holdings in shares of AppFolio by 85.7% during the third quarter. Blue Trust Inc. now owns 117 shares of the software maker's stock worth $29,000 after purchasing an additional 54 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of AppFolio by 589.5% during the second quarter. GAMMA Investing LLC now owns 131 shares of the software maker's stock worth $32,000 after purchasing an additional 112 shares during the last quarter. CWM LLC boosted its holdings in shares of AppFolio by 238.6% during the second quarter. CWM LLC now owns 149 shares of the software maker's stock worth $36,000 after purchasing an additional 105 shares during the last quarter. Advisors Asset Management Inc. boosted its holdings in shares of AppFolio by 291.3% during the first 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 last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in shares of AppFolio by 688.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 213 shares of the software maker's stock worth $52,000 after purchasing an additional 186 shares during the last quarter. Institutional investors and hedge funds own 62.34% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Keefe, Bruyette & Woods cut AppFolio from a "market perform" rating to an "underperform" rating and decreased their price objective for the stock from $255.00 to $193.00 in a report on Tuesday, October 15th. Piper Sandler Companies reaffirmed an "overweight" rating and issued a $300.00 target price on shares of AppFolio in a research report on Friday, July 26th. StockNews.com lowered AppFolio from a "buy" rating to a "hold" rating in a research report on Thursday, August 22nd. Piper Sandler cut their target price on AppFolio from $300.00 to $265.00 and set an "overweight" rating on the stock in a research report on Friday, October 25th. Finally, KeyCorp cut their target price on AppFolio from $300.00 to $252.00 and set an "overweight" rating on the stock in a research report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $261.75.

AppFolio Trading Up 2.4 %

NASDAQ:APPF traded up $5.66 during mid-day trading on Friday, hitting $242.39. The company had a trading volume of 195,551 shares, compared to its average volume of 274,801. The business has a fifty day simple moving average of $222.54 and a 200-day simple moving average of $231.07. AppFolio, Inc. has a 1 year low of $164.29 and a 1 year high of $274.56. The firm has a market capitalization of $8.81 billion, a price-to-earnings ratio of 67.52 and a beta of 0.83.

AppFolio (NASDAQ:APPF - Get Free Report) last released its quarterly earnings data on Thursday, October 24th. The software maker reported $1.29 EPS for the quarter, beating the consensus estimate of $1.03 by $0.26. AppFolio had a return on equity of 30.64% and a net margin of 17.26%. The company had revenue of $206.00 million for the quarter, compared to analyst estimates of $199.11 million. During the same period last year, the company posted $0.26 earnings per share. The firm's revenue was up 24.5% compared to the same quarter last year. As a group, research analysts anticipate that AppFolio, Inc. will post 3.23 earnings per share for the current year.

Insider Activity

In other AppFolio news, insider Matthew S. Mazza sold 926 shares of AppFolio stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $229.04, for a total value of $212,091.04. Following the completion of the transaction, the insider now directly owns 33,819 shares in the company, valued at $7,745,903.76. The trade was a 2.67 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder Maurice J. Duca sold 2,968 shares of AppFolio stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $234.87, for a total value of $697,094.16. Following the completion of the transaction, the insider now owns 24,500 shares of the company's stock, valued at approximately $5,754,315. The trade was a 10.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 24,865 shares of company stock worth $5,799,618 over the last ninety days. Corporate insiders own 5.24% of the company's stock.

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.