Algert Global LLC Has $5.64 Million Stock Holdings in AppFolio, Inc. (NASDAQ:APPF)

Algert Global LLC grew its stake in shares of AppFolio, Inc. (NASDAQ:APPF - Free Report) by 25.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 23,974 shares of the software maker's stock after acquiring an additional 4,917 shares during the period. Algert Global LLC owned 0.07% of AppFolio worth $5,643,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of APPF. Lazard Asset Management LLC grew its position in AppFolio by 750.5% during the 1st quarter. Lazard Asset Management LLC now owns 9,211 shares of the software maker's stock worth $2,271,000 after acquiring an additional 8,128 shares during the last quarter. Summit Global Investments bought a new stake in shares of AppFolio during the 3rd quarter worth $759,000. Vanguard Group Inc. grew its holdings in AppFolio by 3.6% during the first quarter. Vanguard Group Inc. now owns 2,152,626 shares of the software maker's stock valued at $531,139,000 after purchasing an additional 73,965 shares during the period. Gladius Capital Management LP bought a new stake in shares of AppFolio in the second quarter valued at approximately $1,054,000. Finally, Baker Avenue Asset Management LP grew its holdings in AppFolio by 16.5% during the 3rd quarter. Baker Avenue Asset Management LP now owns 21,483 shares of the software maker's stock valued at $5,057,000 after buying an additional 3,038 shares in the last quarter. 62.34% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at AppFolio

In other AppFolio news, CEO William Shane Trigg sold 3,500 shares of AppFolio stock in a transaction on Friday, November 15th. The stock was sold at an average price of $229.85, for a total value of $804,475.00. Following the completion of the transaction, the chief executive officer now owns 74,327 shares in the company, valued at approximately $17,084,060.95. The trade was a 4.50 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Matthew S. Mazza sold 5,090 shares of the company's stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $236.24, for a total value of $1,202,461.60. Following the transaction, the insider now directly owns 28,266 shares in the company, valued at $6,677,559.84. This trade represents a 15.26 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 24,865 shares of company stock valued at $5,799,618 in the last three months. Corporate insiders own 5.24% of the company's stock.

AppFolio Stock Up 2.4 %

Shares of AppFolio stock traded up $5.66 during trading hours on Friday, hitting $242.39. The company's stock had a trading volume of 195,553 shares, compared to its average volume of 238,626. The company has a market capitalization of $8.81 billion, a PE ratio of 67.52 and a beta of 0.83. The business has a fifty day moving average of $222.87 and a 200 day moving average of $230.92. AppFolio, Inc. has a 1-year low of $164.29 and a 1-year high of $274.56.

AppFolio (NASDAQ:APPF - Get Free Report) last announced its earnings results on Thursday, October 24th. The software maker reported $1.29 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.26. The firm had revenue of $206.00 million for the quarter, compared to the consensus estimate 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 EPS. On average, sell-side analysts anticipate that AppFolio, Inc. will post 3.23 earnings per share for the current fiscal year.

Analysts Set New Price Targets

APPF has been the subject of several analyst reports. StockNews.com cut AppFolio from a "buy" rating to a "hold" rating in a report on Thursday, August 22nd. KeyCorp dropped 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. Keefe, Bruyette & Woods downgraded AppFolio from a "market perform" rating to an "underperform" rating and decreased their target price for the company from $255.00 to $193.00 in a research note on Tuesday, October 15th. Finally, Piper Sandler lowered their price objective on AppFolio from $300.00 to $265.00 and set an "overweight" rating for the company in a research note on Friday, October 25th. One 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. According to data from MarketBeat, AppFolio presently has a consensus rating of "Moderate Buy" and a consensus target price of $261.75.

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.