Wealth Enhancement Advisory Services LLC Acquires Shares of 6,463 AppFolio, Inc. (NASDAQ:APPF)

Wealth Enhancement Advisory Services LLC acquired a new position in AppFolio, Inc. (NASDAQ:APPF - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 6,463 shares of the software maker's stock, valued at approximately $1,521,000.

Other large investors also recently added to or reduced their stakes in the company. Squarepoint Ops LLC raised its stake 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 period. Westwind Capital lifted its holdings in AppFolio by 301.0% during the second quarter. Westwind Capital now owns 149,240 shares of the software maker's stock valued at $3,650,000 after purchasing an additional 112,024 shares in the last quarter. Los Angeles Capital Management LLC boosted its position in shares of AppFolio by 516.6% in the second quarter. Los Angeles Capital Management LLC now owns 109,850 shares of the software maker's stock worth $26,866,000 after purchasing an additional 92,034 shares during the period. Jackson Square Partners LLC purchased a new stake in shares of AppFolio in the first quarter worth $21,568,000. Finally, Vanguard Group Inc. raised its position in shares of AppFolio by 3.6% during the 1st quarter. Vanguard Group Inc. now owns 2,152,626 shares of the software maker's stock valued at $531,139,000 after purchasing an additional 73,965 shares during the period. 62.34% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO William Shane Trigg sold 3,501 shares of the business's stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $218.98, for a total transaction of $766,648.98. Following the transaction, the chief executive officer now owns 81,699 shares of the company's stock, valued at approximately $17,890,447.02. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CEO William Shane Trigg sold 3,501 shares of AppFolio 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 directly owns 81,699 shares of the company's stock, valued at approximately $17,890,447.02. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Matthew S. Mazza sold 2,371 shares of the company's stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $221.22, for a total transaction of $524,512.62. Following the transaction, the insider now owns 39,980 shares in the company, valued at $8,844,375.60. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 17,652 shares of company stock valued at $4,053,818 in the last ninety days. Insiders own 5.24% of the company's stock.

AppFolio Trading Up 1.7 %

APPF traded up $3.48 during trading hours on Monday, hitting $212.00. The company's stock had a trading volume of 162,933 shares, compared to its average volume of 280,706. The stock has a market cap of $7.70 billion, a price-to-earnings ratio of 58.95 and a beta of 0.83. The business's 50-day moving average price is $222.26 and its 200-day moving average price is $230.78. AppFolio, Inc. has a 12 month low of $164.29 and a 12 month high of $274.56.

AppFolio (NASDAQ:APPF - Get Free Report) last posted its 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 firm had revenue of $206.00 million for the quarter, compared to the consensus estimate of $199.11 million. AppFolio had a net margin of 17.26% and a return on equity of 30.64%. The business's quarterly revenue was up 24.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.26 EPS. On average, analysts forecast that AppFolio, Inc. will post 3.2 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on APPF shares. StockNews.com lowered AppFolio from a "buy" rating to a "hold" rating in a research note on Thursday, August 22nd. JPMorgan Chase & Co. increased their target price on AppFolio from $260.00 to $328.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 17th. Keefe, Bruyette & Woods cut AppFolio from a "market perform" rating to an "underperform" rating and lowered their price target for the stock from $255.00 to $193.00 in a report on Tuesday, October 15th. Piper Sandler cut their price objective on shares of AppFolio from $300.00 to $265.00 and set an "overweight" rating for the company in a report on Friday, October 25th. Finally, KeyCorp reduced their price objective on shares of 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 given a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, AppFolio presently has an average rating of "Moderate Buy" and a consensus price target of $261.75.

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.