2,720 Shares in AppFolio, Inc. $APPF Purchased by Callan Family Office LLC

Key Points

• Callan Family Office LLC purchased 2,720 shares of AppFolio, Inc. for approximately $626,000, indicating increasing interest from institutional investors in the stock.
• CEO William Shane Trigg and major shareholder Klaus Schauser recently sold shares, with Trigg selling 4,000 shares worth $1.1 million and Schauser selling 3,000 shares for about $885,000.
• Analysts have a "Moderate Buy" rating on AppFolio, with an average target price of $311.80.

Callan Family Office LLC bought a new position in shares of AppFolio, Inc. (NASDAQ:APPF - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 2,720 shares of the software maker's stock, valued at approximately $626,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of APPF. Fifth Third Bancorp grew its holdings in AppFolio by 53.0% during the first quarter. Fifth Third Bancorp now owns 179 shares of the software maker's stock worth $39,000 after acquiring an additional 62 shares during the period. Caitong International Asset Management Co. Ltd acquired a new stake in AppFolio in the first quarter valued at approximately $55,000. Blue Trust Inc. grew its holdings 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. GAMMA Investing LLC grew its holdings in AppFolio by 110.1% in the first quarter. GAMMA Investing LLC now owns 353 shares of the software maker's stock valued at $78,000 after purchasing an additional 185 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in AppFolio by 23.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 384 shares of the software maker's stock valued at $84,000 after purchasing an additional 73 shares during the period. 85.19% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO William Shane Trigg sold 4,000 shares of AppFolio stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $276.95, for a total transaction of $1,107,800.00. Following the transaction, the chief executive officer owned 59,556 shares in the company, valued at approximately $16,494,034.20. This trade represents a 6.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder Klaus Schauser sold 3,000 shares of AppFolio stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $295.14, for a total value of $885,420.00. Following the transaction, the insider owned 300,000 shares in the company, valued at approximately $88,542,000. The trade was a 0.99% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 58,803 shares of company stock worth $16,938,949 over the last quarter. 4.68% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

APPF has been the topic of several research analyst reports. Weiss Ratings reissued a "buy (b-)" rating on shares of AppFolio in a report on Wednesday, October 8th. 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 report on Wednesday, September 3rd. Piper Sandler raised AppFolio from a "neutral" rating to an "overweight" rating and raised their price objective for the company from $240.00 to $350.00 in a report on Friday, August 1st. Finally, DA Davidson reissued a "buy" rating and issued a $350.00 price objective on shares of AppFolio in a report on Friday, August 1st. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, AppFolio currently has an average rating of "Moderate Buy" and an average target price of $311.80.

AppFolio Price Performance

NASDAQ APPF opened at $225.35 on Tuesday. The company has a market cap of $8.08 billion, a PE ratio of 40.68 and a beta of 0.83. The stock's 50 day simple moving average is $271.90 and its 200-day simple moving average is $243.22. AppFolio, Inc. has a 1-year low of $189.01 and a 1-year high of $326.04.

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

AppFolio 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.

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