Moody Aldrich Partners LLC Has $571,000 Stock Holdings in AppFolio, Inc. (NASDAQ:APPF)

Moody Aldrich Partners LLC lowered its stake in AppFolio, Inc. (NASDAQ:APPF - Free Report) by 87.8% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 2,426 shares of the software maker's stock after selling 17,383 shares during the period. Moody Aldrich Partners LLC's holdings in AppFolio were worth $571,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in AppFolio by 3.8% in the 4th quarter. Vanguard Group Inc. now owns 2,078,661 shares of the software maker's stock valued at $360,107,000 after buying an additional 76,934 shares in the last quarter. First Bank & Trust acquired a new position in shares of AppFolio in the first quarter valued at about $297,000. SteelPeak Wealth LLC bought a new position in AppFolio during the first quarter worth about $247,000. Diversified Trust Co acquired a new stake in AppFolio in the 1st quarter worth about $619,000. Finally, State of Michigan Retirement System bought a new stake in AppFolio in the 1st quarter valued at about $1,209,000. 62.34% of the stock is owned by institutional investors.

AppFolio Price Performance

NASDAQ:APPF traded up $20.27 during trading hours on Friday, hitting $212.34. The company's stock had a trading volume of 894,181 shares, compared to its average volume of 281,676. AppFolio, Inc. has a twelve month low of $164.29 and a twelve month high of $274.56. The stock has a fifty day simple moving average of $223.58 and a 200-day simple moving average of $230.97. The company has a market capitalization of $7.69 billion, a P/E ratio of 102.58 and a beta of 0.81.

AppFolio (NASDAQ:APPF - Get Free Report) last posted its quarterly earnings results on Thursday, October 24th. The software maker reported $1.29 earnings per share for the quarter, beating analysts' consensus estimates of $1.03 by $0.26. The company had revenue of $206.00 million for the quarter, compared to the consensus estimate of $199.11 million. AppFolio had a net margin of 17.32% and a return on equity of 27.39%. The firm's quarterly revenue was up 24.5% compared to the same quarter last year. During the same period last year, the company posted $0.26 EPS. On average, equities analysts predict that AppFolio, Inc. will post 3.04 EPS for the current fiscal year.

Insider Buying and Selling at AppFolio

In other news, major shareholder Maurice J. Duca sold 200 shares of the stock in a transaction on Monday, July 29th. The stock was sold at an average price of $232.52, for a total value of $46,504.00. Following the completion of the transaction, the insider now directly owns 27,568 shares in the company, valued at approximately $6,410,111.36. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, major shareholder Maurice J. Duca sold 2,968 shares of AppFolio stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $234.87, for a total transaction of $697,094.16. Following the sale, the insider now directly owns 24,500 shares in the company, valued at $5,754,315. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Maurice J. Duca sold 200 shares of the business's stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $232.52, for a total transaction of $46,504.00. Following the sale, the insider now directly owns 27,568 shares in the company, valued at $6,410,111.36. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 17,852 shares of company stock worth $4,100,322 over the last quarter. Corporate insiders own 9.15% of the company's stock.

Analysts Set New Price Targets

APPF has been the subject of a number of analyst reports. JPMorgan Chase & Co. lifted their price target on shares of AppFolio from $260.00 to $328.00 and gave the company an "overweight" rating in a research report on Wednesday, July 17th. Piper Sandler Companies reaffirmed an "overweight" rating and issued a $300.00 price objective on shares of AppFolio in a report on Friday, July 26th. KeyCorp cut their target price on AppFolio from $300.00 to $252.00 and set an "overweight" rating for the company in a research report on Friday. StockNews.com cut AppFolio from a "buy" rating to a "hold" rating in a research report on Thursday, August 22nd. Finally, DA Davidson upped their price objective on shares of AppFolio from $285.00 to $300.00 and gave the stock a "buy" rating in a research report on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $261.75.

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.