Alliance Wealth Advisors LLC UT Acquires Shares of 1,758 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 acquired a new position in shares of AppFolio, Inc. (NASDAQ:APPF - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,758 shares of the software maker's stock, valued at approximately $387,000.

A number of other large investors also recently modified their holdings of APPF. Colonial Trust Co SC bought a new position in AppFolio during the fourth quarter worth about $28,000. 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 purchasing an additional 62 shares during the period. Versant Capital Management Inc grew its holdings in AppFolio by 4,975.0% during the first quarter. Versant Capital Management Inc now owns 203 shares of the software maker's stock worth $45,000 after purchasing an additional 199 shares during the period. Caitong International Asset Management Co. Ltd bought a new position in AppFolio during the first quarter worth about $55,000. Finally, Blue Trust Inc. grew its holdings in AppFolio by 330.2% during the first quarter. Blue Trust Inc. now owns 271 shares of the software maker's stock worth $60,000 after purchasing an additional 208 shares during the period. 85.19% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, major shareholder Maurice J. Duca sold 2,324 shares of AppFolio stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $276.80, for a total value of $643,283.20. Following the completion of the sale, the insider directly owned 35,376 shares in the company, valued at approximately $9,792,076.80. The trade was a 6.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 completion of the sale, the chief executive officer owned 63,556 shares of the company's stock, valued at approximately $16,841,068.88. The trade was a 4.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders bought 18,500 shares of company stock valued at $4,024,220 and sold 41,018 shares valued at $11,774,602. 4.68% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

APPF has been the subject of a number of research analyst reports. Piper Sandler upgraded AppFolio from a "neutral" rating to an "overweight" rating and boosted their price objective 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 boosted their price objective for the stock from $205.00 to $267.00 in a report on Thursday, July 31st. Finally, DA Davidson restated a "buy" rating and set a $350.00 price objective on shares of AppFolio in a report on Friday, August 1st. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $303.00.

AppFolio Stock Performance

Shares of NASDAQ APPF traded up $2.6850 during midday trading on Friday, reaching $272.6550. The company's stock had a trading volume of 104,804 shares, compared to its average volume of 316,067. AppFolio, Inc. has a fifty-two week low of $189.01 and a fifty-two week high of $326.04. The business's 50 day moving average price is $254.52 and its two-hundred day moving average price is $229.81. The company has a market cap of $9.78 billion, a P/E ratio of 49.22 and a beta of 0.95.

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

About AppFolio

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.