AppFolio, Inc. (NASDAQ:APPF) Stock Holdings Reduced by Insight Holdings Group LLC

Insight Holdings Group LLC lowered its position in AppFolio, Inc. (NASDAQ:APPFFree Report) by 20.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 152,861 shares of the software maker’s stock after selling 40,450 shares during the quarter. AppFolio makes up approximately 0.6% of Insight Holdings Group LLC’s holdings, making the stock its 13th largest holding. Insight Holdings Group LLC’s holdings in AppFolio were worth $26,482,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. USA Financial Formulas acquired a new stake in shares of AppFolio in the fourth quarter worth about $59,000. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of AppFolio in the fourth quarter worth about $64,000. Meeder Asset Management Inc. acquired a new stake in shares of AppFolio in the fourth quarter worth about $85,000. Headlands Technologies LLC acquired a new stake in shares of AppFolio in the fourth quarter worth about $85,000. Finally, First Foundation Advisors acquired a new stake in shares of AppFolio in the third quarter worth about $209,000. Hedge funds and other institutional investors own 62.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Keefe, Bruyette & Woods boosted their price target on AppFolio from $215.00 to $238.00 and gave the stock a “market perform” rating in a research report on Friday, April 26th. Stephens reaffirmed an “overweight” rating and issued a $241.00 price target on shares of AppFolio in a research report on Friday, April 26th. Finally, KeyCorp boosted their price objective on AppFolio from $264.00 to $275.00 and gave the stock an “overweight” rating in a research report on Friday, April 26th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $241.00.

Check Out Our Latest Analysis on APPF

Insider Buying and Selling at AppFolio

In other news, Director Timothy K. Bliss sold 6,400 shares of the company’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $243.41, for a total value of $1,557,824.00. Following the sale, the director now directly owns 4,354 shares in the company, valued at approximately $1,059,807.14. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, Director Blottnitz Andreas Von sold 4,500 shares of the stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $226.56, for a total transaction of $1,019,520.00. Following the sale, the director now directly owns 5,449 shares in the company, valued at approximately $1,234,525.44. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Timothy K. Bliss sold 6,400 shares of the stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $243.41, for a total value of $1,557,824.00. Following the sale, the director now owns 4,354 shares in the company, valued at $1,059,807.14. The disclosure for this sale can be found here. Insiders sold a total of 34,020 shares of company stock valued at $8,123,034 in the last quarter. Corporate insiders own 9.15% of the company’s stock.

AppFolio Price Performance

Shares of NASDAQ APPF traded down $4.38 during trading hours on Friday, hitting $230.40. 197,424 shares of the company’s stock were exchanged, compared to its average volume of 265,101. The company’s 50-day moving average price is $233.28 and its 200-day moving average price is $212.90. The stock has a market capitalization of $8.34 billion, a price-to-earnings ratio of 111.30 and a beta of 0.79. AppFolio, Inc. has a 1-year low of $138.49 and a 1-year high of $256.73.

AppFolio (NASDAQ:APPFGet Free Report) last posted its quarterly earnings results on Thursday, April 25th. The software maker reported $0.68 EPS for the quarter, beating the consensus estimate of $0.59 by $0.09. The firm had revenue of $187.43 million during the quarter, compared to analysts’ expectations of $173.66 million. AppFolio had a return on equity of 13.51% and a net margin of 11.38%. On average, research analysts expect that AppFolio, Inc. will post 2.87 earnings per share for the current year.

AppFolio Company Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding APPF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AppFolio, Inc. (NASDAQ:APPFFree Report).

Institutional Ownership by Quarter for AppFolio (NASDAQ:APPF)

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