AppFolio, Inc. $APPF Shares Newly Purchased by Integrity Alliance LLC.

Key Points

• Integrity Alliance LLC purchased a new 5,404-share position in AppFolio during the third quarter, valued at approximately $1.08 million. Institutional investors and hedge funds collectively own 85.19% of the company’s shares.
• AppFolio reported quarterly earnings of $1.82 per share, beating analysts’ $1.79 estimate, while revenue of $295.69 million also topped expectations and rose 18.5% year over year.
• Analysts’ consensus rating is “Moderate Buy,” with a $250 average price target; nine analysts rate the stock Buy and three rate it Hold.

Integrity Alliance LLC. purchased a new position in shares of AppFolio, Inc. (NASDAQ:APPF - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 5,404 shares of the software maker's stock, valued at approximately $1,084,000.

Several other institutional investors also recently added to or reduced their stakes in the company. ProShare Advisors LLC purchased a new stake in AppFolio in the 3rd quarter valued at $202,000. Vise Technologies Inc. grew its position in AppFolio by 81.2% during the 3rd quarter. Vise Technologies Inc. now owns 2,292 shares of the software maker's stock worth $460,000 after purchasing an additional 1,027 shares during the last quarter. Motley Fool Asset Management LLC acquired a new position in AppFolio in the third quarter valued at $238,000. Hilton Head Capital Partners LLC acquired a new position in AppFolio in the third quarter valued at $40,000. Finally, Signaturefd LLC increased its stake in AppFolio by 30.8% in the third quarter. Signaturefd LLC now owns 612 shares of the software maker's stock valued at $123,000 after purchasing an additional 144 shares during the period. Institutional investors and hedge funds own 85.19% of the company's stock.

AppFolio Stock Performance

AppFolio stock opened at $233.22 on Friday. AppFolio, Inc. has a one year low of $142.56 and a one year high of $258.06. The business has a fifty day moving average of $212.61 and a two-hundred day moving average of $184.11. The company has a market cap of $8.27 billion, a P/E ratio of 49.20 and a beta of 0.87.

AppFolio (NASDAQ:APPF - Get Free Report) last posted its quarterly earnings results on Thursday, October 22nd. The software maker reported $1.82 earnings per share for the quarter, topping analysts' consensus estimates of $1.79 by $0.03. The business had revenue of $295.69 million for the quarter, compared to analysts' expectations of $294.46 million. AppFolio had a net margin of 15.62% and a return on equity of 33.56%. The business's revenue for the quarter was up 18.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.31 EPS. Sell-side analysts predict that AppFolio, Inc. will post 5.18 EPS for the current year.

Analyst Ratings Changes

APPF has been the topic of a number of research reports. Wall Street Zen lowered AppFolio from a "buy" rating to a "hold" rating in a report on Sunday, July 26th. Zacks Research downgraded AppFolio from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, September 23rd. DA Davidson increased their price objective on AppFolio from $240.00 to $250.00 and gave the stock a "buy" rating in a research report on Friday, October 23rd. Keefe, Bruyette & Woods lifted their target price on AppFolio from $233.00 to $255.00 and gave the company an "outperform" rating in a research note on Wednesday, October 21st. Finally, Weiss Ratings upgraded AppFolio from a "hold (c-)" rating to a "hold (c)" rating in a research note on Tuesday, August 11th. Nine investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $250.00.

Insider Buying and Selling

In related news, CFO Timothy Eaton sold 373 shares of the firm's stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $202.61, for a total value of $75,573.53. Following the completion of the transaction, the chief financial officer directly owned 16,714 shares of the company's stock, valued at $3,386,423.54. This trade represents a 2.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Maurice J. Duca sold 2,656 shares of the firm's stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $221.85, for a total value of $589,233.60. Following the completion of the transaction, the insider directly owned 8,000 shares of the company's stock, valued at $1,774,800. The trade was a 24.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 85,156 shares of company stock valued at $17,277,610. Insiders own 1.57% of the company's stock.

About AppFolio

AppFolio, Inc is a cloud-based software company that provides technology solutions for the real estate industry. Its platform is designed primarily for property management businesses, helping them manage accounting, leasing, maintenance, communications, payments, reporting and other operational activities through a centralized system.

The company's products serve a range of property managers, including those overseeing residential, commercial, community association, student housing and senior living properties.

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