26,464 Shares in AppFolio, Inc. $APPF Bought by Capital Impact Advisors LLC

Key Points

• Capital Impact Advisors LLC acquired 26,464 shares of AppFolio, Inc. valued at approximately $5.8 million, constituting 2.2% of their holdings.
• Insider trading activity shows CEO William Shane Trigg sold 3,012 shares for nearly $800,000, decreasing his ownership by 4.52%.
• AppFolio's stock has a market cap of $10.02 billion and is rated as a "Moderate Buy" with an average target price of $311.80.

Capital Impact Advisors LLC bought a new position in AppFolio, Inc. (NASDAQ:APPF - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 26,464 shares of the software maker's stock, valued at approximately $5,819,000. AppFolio accounts for approximately 2.2% of Capital Impact Advisors LLC's holdings, making the stock its 28th biggest position. Capital Impact Advisors LLC owned about 0.07% of AppFolio as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Fifth Third Bancorp raised its position in AppFolio by 53.0% in the first quarter. Fifth Third Bancorp now owns 179 shares of the software maker's stock valued at $39,000 after purchasing an additional 62 shares during the period. Versant Capital Management Inc raised its position in AppFolio by 4,975.0% in the first quarter. Versant Capital Management Inc now owns 203 shares of the software maker's stock valued at $45,000 after purchasing an additional 199 shares during the period. Caitong International Asset Management Co. Ltd purchased a new position in AppFolio in the first quarter valued at about $55,000. Blue Trust Inc. raised its position in AppFolio by 330.2% in the first quarter. Blue Trust Inc. now owns 271 shares of the software maker's stock valued at $60,000 after purchasing an additional 208 shares during the period. Finally, UMB Bank n.a. raised its position in AppFolio by 73.1% in the first quarter. UMB Bank n.a. now owns 289 shares of the software maker's stock valued at $64,000 after purchasing an additional 122 shares during the period. 85.19% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other AppFolio news, CEO William Shane Trigg sold 3,012 shares of AppFolio stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $264.98, for a total transaction of $798,119.76. Following the transaction, the chief executive officer directly owned 63,556 shares in the company, valued at approximately $16,841,068.88. The trade was a 4.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Maurice J. Duca sold 3,100 shares of AppFolio stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $321.38, for a total transaction of $996,278.00. Following the transaction, the insider owned 42,400 shares in the company, valued at approximately $13,626,512. The trade was a 6.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 49,303 shares of company stock worth $14,282,440. 4.68% of the stock is owned by insiders.

AppFolio Price Performance

Shares of NASDAQ:APPF opened at $279.59 on Wednesday. AppFolio, Inc. has a 12 month low of $189.01 and a 12 month high of $326.04. The stock has a market cap of $10.02 billion, a price-to-earnings ratio of 50.47 and a beta of 0.89. The stock's 50 day moving average price is $267.68 and its 200 day moving average price is $235.15.

AppFolio (NASDAQ:APPF - Get Free Report) last announced its earnings results on Thursday, July 31st. The software maker reported $1.38 EPS for the quarter, topping the consensus estimate of $1.27 by $0.11. The firm had revenue of $235.58 million for the quarter, compared to analysts' expectations of $230.10 million. AppFolio had a return on equity of 26.32% and a net margin of 23.54%.The firm's quarterly revenue was up 19.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.12 earnings per share. AppFolio has set its FY 2025 guidance at EPS. On average, sell-side analysts expect that AppFolio, Inc. will post 3.96 EPS for the current year.

Analysts Set New Price Targets

APPF has been the topic of several research reports. Keefe, Bruyette & Woods raised their price objective on AppFolio from $295.00 to $311.00 and gave the company a "market perform" rating in a research report on Wednesday, September 3rd. DA Davidson reissued a "buy" rating and issued a $350.00 price objective on shares of AppFolio in a research report on Friday, August 1st. Finally, Piper Sandler upgraded AppFolio from a "neutral" rating to an "overweight" rating and raised their target price for the company from $240.00 to $350.00 in a research note on Friday, August 1st. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, AppFolio currently has an average rating of "Moderate Buy" and an average price target of $311.80.

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.

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:APPF - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.