AppFolio, Inc. (NASDAQ:APPF) Shares Bought by Natixis Advisors LLC

Natixis Advisors LLC lifted its position in AppFolio, Inc. (NASDAQ:APPF - Free Report) by 19.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,094 shares of the software maker's stock after purchasing an additional 3,533 shares during the period. Natixis Advisors LLC owned about 0.06% of AppFolio worth $5,201,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Brighton Jones LLC raised its stake in AppFolio by 0.9% in the 2nd quarter. Brighton Jones LLC now owns 5,805 shares of the software maker's stock valued at $1,420,000 after purchasing an additional 49 shares during the last quarter. Blue Trust Inc. increased its holdings 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 buying an additional 54 shares during the last quarter. ProShare Advisors LLC increased its stake in AppFolio by 2.9% in the second quarter. ProShare Advisors LLC now owns 3,630 shares of the software maker's stock valued at $888,000 after purchasing an additional 102 shares during the last quarter. CWM LLC boosted its position in shares of AppFolio by 238.6% in the 2nd quarter. CWM LLC now owns 149 shares of the software maker's stock valued at $36,000 after purchasing an additional 105 shares during the period. Finally, GAMMA Investing LLC boosted its stake in AppFolio by 589.5% during the 2nd quarter. GAMMA Investing LLC now owns 131 shares of the software maker's stock worth $32,000 after purchasing an additional 112 shares during the period. 62.34% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at AppFolio

In other AppFolio news, insider Matthew S. Mazza sold 926 shares of the business's stock in a transaction on Monday, November 11th. The shares were sold at an average price of $229.04, for a total value of $212,091.04. Following the transaction, the insider now owns 33,819 shares in the company, valued at $7,745,903.76. The trade was a 2.67 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Maurice J. Duca sold 1,296 shares of the firm's stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $236.77, for a total value of $306,853.92. Following the sale, the insider now owns 9,383 shares of the company's stock, valued at $2,221,612.91. This represents a 12.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 24,865 shares of company stock worth $5,799,618. 5.24% of the stock is currently owned by corporate insiders.

AppFolio Stock Performance

AppFolio stock traded up $5.66 during trading on Friday, reaching $242.39. The company had a trading volume of 195,553 shares, compared to its average volume of 238,626. The firm has a market capitalization of $8.81 billion, a price-to-earnings ratio of 67.52 and a beta of 0.83. AppFolio, Inc. has a 12-month low of $164.29 and a 12-month high of $274.56. The stock's 50 day moving average price is $222.54 and its two-hundred day moving average price is $231.07.

AppFolio (NASDAQ:APPF - Get Free Report) last issued its earnings results on Thursday, October 24th. The software maker reported $1.29 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.26. The business had revenue of $206.00 million for the quarter, compared to analyst estimates of $199.11 million. AppFolio had a return on equity of 30.64% and a net margin of 17.26%. The business's quarterly revenue was up 24.5% on a year-over-year basis. During the same period last year, the company posted $0.26 EPS. As a group, research analysts expect that AppFolio, Inc. will post 3.23 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. DA Davidson lifted their target price on AppFolio from $285.00 to $300.00 and gave the company a "buy" rating in a research note on Friday, July 26th. KeyCorp lowered their target price on shares of AppFolio from $300.00 to $252.00 and set an "overweight" rating on the stock in a report on Friday, October 25th. Keefe, Bruyette & Woods cut AppFolio from a "market perform" rating to an "underperform" rating and reduced their price target for the company from $255.00 to $193.00 in a report on Tuesday, October 15th. StockNews.com downgraded shares of AppFolio from a "buy" rating to a "hold" rating in a research report on Thursday, August 22nd. Finally, Piper Sandler Companies reissued an "overweight" rating and issued a $300.00 price objective on shares of AppFolio in a research note 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. According to data from MarketBeat.com, AppFolio currently has a consensus rating of "Moderate Buy" and an average 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.