AppFolio, Inc. (NASDAQ:APPF) Shares Purchased by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. boosted its stake in shares of AppFolio, Inc. (NASDAQ:APPF - Free Report) by 13.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 52,007 shares of the software maker's stock after acquiring an additional 5,985 shares during the quarter. Assenagon Asset Management S.A. owned about 0.14% of AppFolio worth $12,831,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Blue Trust Inc. boosted its position in shares of AppFolio by 85.7% during the third quarter. Blue Trust Inc. now owns 117 shares of the software maker's stock valued at $29,000 after buying an additional 54 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in AppFolio by 688.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 213 shares of the software maker's stock worth $52,000 after buying an additional 186 shares during the period. Quarry LP lifted its holdings in AppFolio by 147.9% during the 2nd quarter. Quarry LP now owns 238 shares of the software maker's stock valued at $58,000 after buying an additional 142 shares in the last quarter. True Wealth Design LLC bought a new position in AppFolio in the 3rd quarter worth about $79,000. Finally, Advisors Asset Management Inc. raised its stake in shares of AppFolio by 56.6% during the third quarter. Advisors Asset Management Inc. now owns 390 shares of the software maker's stock valued at $92,000 after acquiring an additional 141 shares in the last quarter. 85.19% of the stock is owned by institutional investors.

AppFolio Stock Performance

APPF traded down $0.36 during trading on Friday, hitting $251.92. The stock had a trading volume of 185,327 shares, compared to its average volume of 148,016. The stock has a 50 day simple moving average of $249.85 and a two-hundred day simple moving average of $235.68. AppFolio, Inc. has a twelve month low of $172.98 and a twelve month high of $274.56. The company has a market capitalization of $9.15 billion, a PE ratio of 70.17 and a beta of 0.87.

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, topping 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 firm had revenue of $206.00 million for the quarter, compared to the consensus estimate of $199.11 million. During the same period in the previous year, the business earned $0.26 EPS. The firm's revenue for the quarter was up 24.5% on a year-over-year basis. On average, equities research analysts anticipate that AppFolio, Inc. will post 3.23 EPS for the current year.

Insider Activity at AppFolio

In other AppFolio news, insider Matthew S. Mazza sold 926 shares of the company's 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 sale, the insider now owns 33,819 shares in the company, valued at approximately $7,745,903.76. This represents a 2.67 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO William Shane Trigg sold 3,500 shares of the company's stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $229.85, for a total transaction of $804,475.00. Following the completion of the transaction, the chief executive officer now owns 74,327 shares of the company's stock, valued at approximately $17,084,060.95. This trade represents a 4.50 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 23,768 shares of company stock valued at $5,744,891 in the last three months. 5.24% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

APPF has been the subject of several research reports. Piper Sandler cut AppFolio from an "overweight" rating to a "neutral" rating and set a $265.00 target price for the company. in a report on Monday, January 6th. KeyCorp downgraded shares of AppFolio from an "overweight" rating to a "sector weight" rating and set a $253.00 target price on the stock. in a research report on Friday, January 10th. Finally, Keefe, Bruyette & Woods cut shares of AppFolio from a "market perform" rating to an "underperform" rating and lowered their price target for the stock from $255.00 to $193.00 in a research report on Tuesday, October 15th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $261.88.

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.