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AppFolio, Inc. (NASDAQ:APPF) Shares Sold by BNP Paribas Financial Markets

AppFolio logo with Computer and Technology background

BNP Paribas Financial Markets lessened its holdings in AppFolio, Inc. (NASDAQ:APPF - Free Report) by 80.7% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,933 shares of the software maker's stock after selling 24,875 shares during the period. BNP Paribas Financial Markets' holdings in AppFolio were worth $1,397,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of APPF. Blue Trust Inc. raised its holdings in AppFolio by 85.7% in the third quarter. Blue Trust Inc. now owns 117 shares of the software maker's stock valued at $29,000 after acquiring an additional 54 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of AppFolio by 589.5% in the 2nd quarter. GAMMA Investing LLC now owns 131 shares of the software maker's stock valued at $32,000 after purchasing an additional 112 shares in the last quarter. CWM LLC lifted its position in shares of AppFolio by 238.6% during the 2nd 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. Northwestern Mutual Wealth Management Co. grew its stake 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 in the last quarter. Finally, Quarry LP increased its holdings in AppFolio by 147.9% in the second quarter. Quarry LP now owns 238 shares of the software maker's stock valued at $58,000 after buying an additional 142 shares during the last quarter. Institutional investors and hedge funds own 85.19% of the company's stock.

AppFolio Trading Down 2.7 %

Shares of AppFolio stock traded down $7.13 during trading on Monday, reaching $255.87. The company's stock had a trading volume of 229,478 shares, compared to its average volume of 271,603. The company has a 50-day moving average price of $228.00 and a two-hundred day moving average price of $231.82. AppFolio, Inc. has a fifty-two week low of $164.29 and a fifty-two week high of $274.56. The firm has a market cap of $9.30 billion, a PE ratio of 73.26 and a beta of 0.86.

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

Wall Street Analyst Weigh In

A number of analysts have issued reports on APPF shares. Keefe, Bruyette & Woods downgraded AppFolio from a "market perform" rating to an "underperform" rating and decreased their price target for the stock from $255.00 to $193.00 in a report on Tuesday, October 15th. Piper Sandler lowered their price target on AppFolio from $300.00 to $265.00 and set an "overweight" rating for the company in a report on Friday, October 25th. StockNews.com lowered shares of AppFolio from a "buy" rating to a "hold" rating in a research note on Thursday, August 22nd. Finally, KeyCorp reduced their price objective on shares of AppFolio from $300.00 to $252.00 and set an "overweight" rating for the company in a research report 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 stock. According to data from MarketBeat.com, AppFolio presently has a consensus rating of "Moderate Buy" and an average price target of $261.75.

Check Out Our Latest Stock Report on APPF

Insiders Place Their Bets

In other news, major shareholder Maurice J. Duca sold 2,700 shares of the business's stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $234.05, for a total transaction of $631,935.00. Following the transaction, the insider now directly owns 14,716 shares in the company, valued at $3,444,279.80. The trade was a 15.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Matthew S. Mazza sold 5,090 shares of the firm's stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $236.24, for a total transaction of $1,202,461.60. Following the completion of the sale, the insider now owns 28,266 shares of the company's stock, valued at approximately $6,677,559.84. The trade was a 15.26 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 24,961 shares of company stock valued at $5,893,982. 5.24% of the stock is owned by company insiders.

AppFolio Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for AppFolio (NASDAQ:APPF)

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