AppFolio, Inc. (NASDAQ:APPF) Shares Purchased by Bridgewater Associates LP

Bridgewater Associates LP increased its holdings in shares of AppFolio, Inc. (NASDAQ:APPF - Free Report) by 15.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 75,145 shares of the software maker's stock after buying an additional 9,795 shares during the quarter. Bridgewater Associates LP owned 0.21% of AppFolio worth $17,689,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in APPF. Squarepoint Ops LLC raised its holdings in shares of AppFolio by 188.2% in the second quarter. Squarepoint Ops LLC now owns 185,034 shares of the software maker's stock worth $45,254,000 after buying an additional 120,835 shares during the last quarter. Westwind Capital raised its stake in AppFolio by 301.0% in the 2nd quarter. Westwind Capital now owns 149,240 shares of the software maker's stock worth $3,650,000 after acquiring an additional 112,024 shares during the last quarter. Los Angeles Capital Management LLC lifted its position in AppFolio by 516.6% during the 2nd quarter. Los Angeles Capital Management LLC now owns 109,850 shares of the software maker's stock worth $26,866,000 after acquiring an additional 92,034 shares during the period. FMR LLC grew its stake in AppFolio by 998.0% during the 3rd quarter. FMR LLC now owns 60,894 shares of the software maker's stock valued at $14,334,000 after purchasing an additional 55,348 shares during the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of AppFolio in the second quarter valued at about $12,993,000. 62.34% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at AppFolio

In other AppFolio news, insider Matthew S. Mazza sold 926 shares of the firm's stock in a transaction 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 transaction, the insider now owns 33,819 shares in the company, valued at approximately $7,745,903.76. This trade represents a 2.67 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Maurice J. Duca sold 200 shares of the company's stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $232.18, for a total transaction of $46,436.00. Following the sale, the insider now directly owns 18,922 shares of the company's stock, valued at $4,393,309.96. The trade was a 1.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 26,735 shares of company stock valued at $6,296,137 over the last ninety days. Corporate insiders own 5.24% of the company's stock.

AppFolio Price Performance

NASDAQ APPF traded down $0.58 during trading hours on Thursday, reaching $254.82. The company's stock had a trading volume of 159,142 shares, compared to its average volume of 273,466. AppFolio, Inc. has a 1-year low of $164.29 and a 1-year high of $274.56. The company's 50-day moving average is $224.38 and its two-hundred day moving average is $231.08. The firm has a market capitalization of $9.26 billion, a price-to-earnings ratio of 70.98 and a beta of 0.83.

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

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.