AppFolio, Inc. (NASDAQ:APPF) Shares Sold by Westwind Capital

Westwind Capital trimmed its holdings in AppFolio, Inc. (NASDAQ:APPF - Free Report) by 48.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 77,213 shares of the software maker's stock after selling 72,027 shares during the quarter. AppFolio makes up about 4.4% of Westwind Capital's portfolio, making the stock its 10th biggest position. Westwind Capital owned 0.21% of AppFolio worth $18,176,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of APPF. Gilder Gagnon Howe & Co. LLC lifted its holdings in AppFolio by 3.8% during the 4th quarter. Gilder Gagnon Howe & Co. LLC now owns 421,309 shares of the software maker's stock valued at $72,988,000 after buying an additional 15,283 shares in the last quarter. GSA Capital Partners LLP grew its stake in AppFolio by 303.1% in the fourth quarter. GSA Capital Partners LLP now owns 21,167 shares of the software maker's stock worth $3,667,000 after purchasing an additional 15,916 shares in the last quarter. Virtu Financial LLC bought a new position in AppFolio in the fourth quarter worth approximately $641,000. Syon Capital LLC purchased a new position in AppFolio during the 4th quarter worth $9,930,000. Finally, Zeno Equity Partners LLP bought a new stake in AppFolio during the 4th quarter valued at $33,434,000. 62.34% of the stock is owned by institutional investors.

Insider Buying and Selling at AppFolio

In other news, major shareholder Klaus Schauser sold 1,000 shares of the stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of $270.00, for a total value of $270,000.00. Following the transaction, the insider now directly owns 403,000 shares of the company's stock, valued at approximately $108,810,000. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, major shareholder Klaus Schauser sold 1,000 shares of the firm's stock in a transaction on Monday, July 22nd. The shares were sold at an average price of $270.00, for a total transaction of $270,000.00. Following the completion of the transaction, the insider now owns 403,000 shares of the company's stock, valued at $108,810,000. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Maurice J. Duca sold 1,296 shares of the company's stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $236.77, for a total transaction of $306,853.92. Following the completion of the sale, the insider now directly owns 9,383 shares in the company, valued at approximately $2,221,612.91. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 34,941 shares of company stock worth $8,327,162. 5.24% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. JPMorgan Chase & Co. raised their price target on AppFolio from $260.00 to $328.00 and gave the company an "overweight" rating in a research note on Wednesday, July 17th. KeyCorp upped their price target on shares of AppFolio from $275.00 to $300.00 and gave the stock an "overweight" rating in a research report on Friday, July 26th. StockNews.com downgraded shares of AppFolio from a "buy" rating to a "hold" rating in a research note on Thursday, August 22nd. Piper Sandler boosted their price objective on shares of AppFolio from $295.00 to $300.00 and gave the stock an "overweight" rating in a research note on Friday, July 26th. Finally, DA Davidson increased their target price on AppFolio from $285.00 to $300.00 and gave the company a "buy" rating in a research report on Friday, July 26th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, AppFolio presently has a consensus rating of "Moderate Buy" and a consensus target price of $277.75.

AppFolio Trading Up 1.9 %

Shares of APPF traded up $4.11 during midday trading on Friday, hitting $226.27. 281,391 shares of the company's stock traded hands, compared to its average volume of 276,654. AppFolio, Inc. has a 1 year low of $164.29 and a 1 year high of $274.56. The firm's fifty day moving average is $225.40 and its 200-day moving average is $233.49. The stock has a market capitalization of $8.21 billion, a price-to-earnings ratio of 65.15 and a beta of 0.81.

AppFolio (NASDAQ:APPF - Get Free Report) last issued its quarterly earnings results on Thursday, July 25th. The software maker reported $1.12 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.16. AppFolio had a return on equity of 27.39% and a net margin of 17.32%. The business had revenue of $197.38 million during the quarter, compared to the consensus estimate of $190.57 million. During the same quarter last year, the company earned ($0.53) earnings per share. The company's quarterly revenue was up 34.2% on a year-over-year basis. On average, equities research analysts anticipate that AppFolio, Inc. will post 3.04 EPS for the current year.

About AppFolio

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.