Captrust Financial Advisors Raises Position in AppFolio, Inc. (NASDAQ:APPF)

Captrust Financial Advisors lifted its stake in AppFolio, Inc. (NASDAQ:APPF - Free Report) by 183.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,374 shares of the software maker's stock after buying an additional 2,830 shares during the period. Captrust Financial Advisors' holdings in AppFolio were worth $1,030,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC grew its position in AppFolio by 0.9% during the 2nd quarter. Brighton Jones LLC now owns 5,805 shares of the software maker's stock worth $1,420,000 after purchasing an additional 49 shares during the last quarter. Blue Trust Inc. lifted its position 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 purchasing an additional 54 shares during the period. Northwest & Ethical Investments L.P. boosted its holdings in AppFolio by 16.0% in the 3rd quarter. Northwest & Ethical Investments L.P. now owns 725 shares of the software maker's stock valued at $171,000 after purchasing an additional 100 shares in the last quarter. ProShare Advisors LLC increased its position in AppFolio by 2.9% during the 2nd quarter. ProShare Advisors LLC now owns 3,630 shares of the software maker's stock worth $888,000 after purchasing an additional 102 shares during the period. Finally, CWM LLC raised its stake 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 buying an additional 105 shares in the last quarter. 85.19% of the stock is currently owned by institutional investors and hedge funds.

AppFolio Trading Down 2.7 %

APPF traded down $7.13 during midday trading on Monday, hitting $255.87. The company's stock had a trading volume of 229,478 shares, compared to its average volume of 271,603. The firm has a market cap of $9.30 billion, a P/E ratio of 71.27 and a beta of 0.86. AppFolio, Inc. has a 52-week low of $164.29 and a 52-week high of $274.56. The firm has a 50-day moving average price of $228.41 and a two-hundred day moving average price of $231.97.

AppFolio (NASDAQ:APPF - Get Free Report) last released 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 during the quarter, compared to the consensus estimate of $199.11 million. AppFolio had a net margin of 17.26% and a return on equity of 30.64%. AppFolio's revenue was up 24.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.26 earnings per share. On average, equities analysts expect that AppFolio, Inc. will post 3.23 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on APPF shares. Piper Sandler dropped their price objective on AppFolio from $300.00 to $265.00 and set an "overweight" rating on the stock in a report on Friday, October 25th. StockNews.com cut AppFolio from a "buy" rating to a "hold" rating in a report on Thursday, August 22nd. Keefe, Bruyette & Woods downgraded shares of AppFolio from a "market perform" rating to an "underperform" rating and dropped their target price for the company from $255.00 to $193.00 in a report on Tuesday, October 15th. Finally, KeyCorp reduced their price objective 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 investment analyst has rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $261.75.

Insider Transactions at AppFolio

In other news, Director Scanlan Agnes Bundy sold 500 shares of the business's stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $255.42, for a total transaction of $127,710.00. Following the completion of the sale, the director now owns 5,416 shares in the company, valued at approximately $1,383,354.72. The trade was a 8.45 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Matthew S. Mazza sold 5,090 shares of the stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $236.24, for a total transaction of $1,202,461.60. Following the sale, the insider now directly owns 28,266 shares of the company's stock, valued at approximately $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 a total of 24,961 shares of company stock worth $5,893,982 in the last ninety days. 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.