AppFolio, Inc. (NASDAQ:APPF) Shares Bought by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lifted its position in shares of AppFolio, Inc. (NASDAQ:APPF - Free Report) by 125.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 46,022 shares of the software maker's stock after purchasing an additional 25,619 shares during the period. Assenagon Asset Management S.A. owned about 0.13% of AppFolio worth $10,834,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in APPF. Blue Trust Inc. boosted its stake in AppFolio by 85.7% during the 3rd quarter. Blue Trust Inc. now owns 117 shares of the software maker's stock worth $29,000 after purchasing an additional 54 shares during the period. GAMMA Investing LLC boosted its stake in shares of AppFolio by 589.5% during the second quarter. GAMMA Investing LLC now owns 131 shares of the software maker's stock worth $32,000 after buying an additional 112 shares during the period. CWM LLC grew its holdings in shares of AppFolio by 238.6% during the second quarter. CWM LLC now owns 149 shares of the software maker's stock worth $36,000 after buying an additional 105 shares during the last quarter. Advisors Asset Management Inc. increased its position in AppFolio by 291.3% in the 1st quarter. Advisors Asset Management Inc. now owns 180 shares of the software maker's stock valued at $44,000 after acquiring an additional 134 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its stake in AppFolio by 688.9% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 213 shares of the software maker's stock valued at $52,000 after acquiring an additional 186 shares during the last quarter. 62.34% of the stock is owned by hedge funds and other institutional investors.

AppFolio Stock Performance

APPF traded down $1.97 on Monday, hitting $210.37. 337,934 shares of the company were exchanged, compared to its average volume of 281,985. The business's fifty day moving average is $223.32 and its 200 day moving average is $230.91. 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 capitalization of $7.62 billion, a P/E ratio of 101.63 and a beta of 0.81.

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

Wall Street Analysts Forecast Growth

APPF has been the topic of a number of recent research reports. DA Davidson boosted their target price on AppFolio from $285.00 to $300.00 and gave the company a "buy" rating in a report on Friday, July 26th. KeyCorp cut 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. Keefe, Bruyette & Woods downgraded shares of AppFolio from a "market perform" rating to an "underperform" rating and lowered their target price for the company from $255.00 to $193.00 in a report on Tuesday, October 15th. JPMorgan Chase & Co. increased their price target on shares of AppFolio from $260.00 to $328.00 and gave the stock an "overweight" rating in a report on Wednesday, July 17th. Finally, 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. One investment analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, AppFolio has an average rating of "Moderate Buy" and a consensus price target of $261.75.

Insider Buying and Selling

In other news, CEO William Shane Trigg sold 3,501 shares of the stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $218.98, for a total value of $766,648.98. Following the sale, the chief executive officer now directly owns 81,699 shares in the company, valued at $17,890,447.02. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Matthew S. Mazza sold 2,371 shares of the business's stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $221.22, for a total value of $524,512.62. Following the completion of the transaction, the insider now owns 39,980 shares of the company's stock, valued at approximately $8,844,375.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO William Shane Trigg sold 3,501 shares of the company's stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $218.98, for a total transaction of $766,648.98. Following the completion of the transaction, the chief executive officer now owns 81,699 shares in the company, valued at approximately $17,890,447.02. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 17,652 shares of company stock worth $4,053,818 in the last three months. Corporate insiders own 9.15% 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.