Alliance Wealth Advisors LLC UT Takes $387,000 Position in AppFolio, Inc. $APPF

Key Points

• Alliance Wealth Advisors LLC UT acquired 1,758 shares of AppFolio, Inc. for approximately $387,000 in the 1st quarter, indicating growing institutional interest in the company.
• Insider activity showed a significant sale by Elizabeth Erin Barat of 4,682 shares, while Director Robert Donald Casey III increased his stake by purchasing 4,000 shares, showcasing mixed insider sentiment.
• AppFolio's recent earnings report beat analyst expectations, with a 19.4% year-over-year revenue growth and an EPS of $1.38, reflecting strong performance in the cloud-based real estate management sector.

Alliance Wealth Advisors LLC UT purchased a new stake in AppFolio, Inc. (NASDAQ:APPF - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 1,758 shares of the software maker's stock, valued at approximately $387,000.

Several other large investors have also recently bought and sold shares of the company. Colonial Trust Co SC acquired a new stake in AppFolio in the fourth quarter worth about $28,000. Fifth Third Bancorp boosted its stake in shares of AppFolio by 53.0% in the 1st 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 last quarter. Versant Capital Management Inc grew its position in shares of AppFolio by 4,975.0% during the 1st quarter. Versant Capital Management Inc now owns 203 shares of the software maker's stock worth $45,000 after buying an additional 199 shares during the period. Caitong International Asset Management Co. Ltd bought a new stake in shares of AppFolio during the first quarter worth approximately $55,000. Finally, Blue Trust Inc. lifted 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 buying an additional 208 shares during the period. Institutional investors and hedge funds own 85.19% of the company's stock.

Insider Buying and Selling

In related news, major shareholder Maurice J. Duca sold 3,100 shares of the firm's stock in a transaction on Monday, August 4th. The shares were sold at an average price of $321.38, for a total transaction of $996,278.00. Following the sale, the insider directly owned 42,400 shares in the company, valued at $13,626,512. This trade represents a 6.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Timothy K. Bliss bought 7,500 shares of AppFolio stock in a transaction that occurred on Thursday, June 5th. The stock was bought at an average cost of $217.02 per share, with a total value of $1,627,650.00. Following the completion of the purchase, the director owned 7,500 shares in the company, valued at approximately $1,627,650. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 18,500 shares of company stock valued at $4,024,220 and have sold 41,018 shares valued at $11,774,602. 4.68% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have commented on APPF shares. Piper Sandler raised shares of AppFolio from a "neutral" rating to an "overweight" rating and lifted their target price for the stock from $240.00 to $350.00 in a report on Friday, August 1st. Keefe, Bruyette & Woods upgraded AppFolio from an "underperform" rating to a "market perform" rating and raised their price target for the stock from $205.00 to $267.00 in a research report on Thursday, July 31st. Finally, DA Davidson reaffirmed a "buy" rating and set a $350.00 price objective on shares of AppFolio in a research note on Friday, August 1st. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $303.00.

AppFolio Trading Down 0.9%

Shares of APPF stock traded down $2.47 on Wednesday, hitting $267.46. The stock had a trading volume of 235,202 shares, compared to its average volume of 318,225. AppFolio, Inc. has a twelve month low of $189.01 and a twelve month high of $326.04. The company has a fifty day moving average price of $252.87 and a two-hundred day moving average price of $229.33. The firm has a market cap of $9.59 billion, a P/E ratio of 48.28 and a beta of 0.95.

AppFolio (NASDAQ:APPF - Get Free Report) last posted its earnings results on Thursday, July 31st. The software maker reported $1.38 earnings per share 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 analyst estimates of $230.10 million. AppFolio had a return on equity of 26.32% and a net margin of 23.54%.The company's revenue for the quarter was up 19.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.12 earnings per share. AppFolio has set its FY 2025 guidance at EPS. On average, analysts expect that AppFolio, Inc. will post 3.96 earnings per share for the current year.

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.