AppFolio, Inc. $APPF Shares Sold by Amundi

Key Points

• Amundi reduced its holdings in AppFolio, Inc. by 20.1% in the first quarter, selling 3,447 shares and bringing its total ownership to 13,734 shares valued at approximately $3.08 million.
• AppFolio, Inc. reported earnings of $1.38 per share, exceeding analyst expectations, with a year-over-year revenue increase of 19.4%.
• Recent analyst reports have upgraded AppFolio, with Piper Sandler raising its target price to $350.00, and the stock currently holds a consensus rating of "Moderate Buy."

Amundi lessened its position in shares of AppFolio, Inc. (NASDAQ:APPF - Free Report) by 20.1% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 13,734 shares of the software maker's stock after selling 3,447 shares during the quarter. Amundi's holdings in AppFolio were worth $3,082,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in APPF. 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 lifted 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 buying an additional 199 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in AppFolio in the first quarter valued at about $55,000. Blue Trust Inc. increased its position in shares of AppFolio by 330.2% during the first quarter. Blue Trust Inc. now owns 271 shares of the software maker's stock valued at $60,000 after acquiring an additional 208 shares during the last quarter. Finally, UMB Bank n.a. raised its stake in shares of AppFolio by 73.1% in the 1st quarter. UMB Bank n.a. now owns 289 shares of the software maker's stock valued at $64,000 after acquiring an additional 122 shares during the period. 85.19% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Keefe, Bruyette & Woods increased their price objective on shares of AppFolio from $295.00 to $311.00 and gave the stock a "market perform" rating in a research report on Wednesday, September 3rd. DA Davidson restated a "buy" rating and set a $350.00 price target on shares of AppFolio in a research note on Friday, August 1st. Finally, Piper Sandler raised AppFolio from a "neutral" rating to an "overweight" rating and lifted their price objective 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 given a Hold rating to the stock. Based on data from MarketBeat.com, AppFolio has a consensus rating of "Moderate Buy" and an average price target of $311.80.

AppFolio Stock Down 1.9%

APPF traded down $5.44 on Tuesday, reaching $274.78. The company's stock had a trading volume of 69,418 shares, compared to its average volume of 309,600. The company has a market capitalization of $9.85 billion, a price-to-earnings ratio of 49.64 and a beta of 0.89. AppFolio, Inc. has a fifty-two week low of $189.01 and a fifty-two week high of $326.04. The stock has a 50 day moving average of $271.08 and a two-hundred day moving average of $237.14.

AppFolio (NASDAQ:APPF - Get Free Report) last issued its quarterly earnings data 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. AppFolio had a net margin of 23.54% and a return on equity of 26.32%. The business had revenue of $235.58 million during the quarter, compared to the consensus estimate of $230.10 million. During the same quarter in the previous year, the firm earned $1.12 EPS. The company's revenue was up 19.4% compared to the same quarter last year. AppFolio has set its FY 2025 guidance at EPS. As a group, analysts anticipate that AppFolio, Inc. will post 3.96 earnings per share for the current fiscal year.

Insider Buying and Selling at AppFolio

In other AppFolio news, CEO William Shane Trigg sold 4,000 shares of the business's stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $276.95, for a total value of $1,107,800.00. Following the completion of the sale, the chief executive officer owned 59,556 shares in the company, valued at approximately $16,494,034.20. The trade was a 6.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Maurice J. Duca sold 3,100 shares of the firm's 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. This trade represents a 6.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 58,803 shares of company stock worth $16,938,949 over the last 90 days. Corporate insiders own 4.68% of the company's stock.

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.