Universal Beteiligungs und Servicegesellschaft mbH Invests $2.41 Million in AppFolio, Inc. (NASDAQ:APPF)

Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of AppFolio, Inc. (NASDAQ:APPF - Free Report) during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 10,978 shares of the software maker's stock, valued at approximately $2,414,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Gallacher Capital Management LLC lifted its position in AppFolio by 162.8% during the 1st quarter. Gallacher Capital Management LLC now owns 2,160 shares of the software maker's stock valued at $475,000 after purchasing an additional 1,338 shares during the period. IFP Advisors Inc raised its position in shares of AppFolio by 3,278.9% in the 1st quarter. IFP Advisors Inc now owns 642 shares of the software maker's stock valued at $141,000 after acquiring an additional 623 shares during the period. South Dakota Investment Council raised its position in shares of AppFolio by 22.9% in the 1st quarter. South Dakota Investment Council now owns 4,300 shares of the software maker's stock valued at $946,000 after acquiring an additional 800 shares during the period. Jennison Associates LLC raised its position in shares of AppFolio by 1.0% in the 1st quarter. Jennison Associates LLC now owns 61,185 shares of the software maker's stock valued at $13,455,000 after acquiring an additional 599 shares during the period. Finally, Burns Matteson Capital Management LLC raised its position in shares of AppFolio by 7.7% in the 1st quarter. Burns Matteson Capital Management LLC now owns 1,434 shares of the software maker's stock valued at $315,000 after acquiring an additional 103 shares during the period. Institutional investors and hedge funds own 85.19% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Piper Sandler upgraded shares of AppFolio from a "neutral" rating to an "overweight" rating and increased their price target for the company from $240.00 to $350.00 in a research report on Friday. DA Davidson raised AppFolio to a "strong-buy" rating in a report on Tuesday, July 22nd. Finally, Keefe, Bruyette & Woods raised AppFolio from an "underperform" rating to a "market perform" rating and raised their price target for the company from $205.00 to $267.00 in a report on Thursday. Three analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $288.00.

AppFolio Stock Up 19.4%

Shares of APPF traded up $51.77 during midday trading on Friday, reaching $319.15. 1,105,205 shares of the stock were exchanged, compared to its average volume of 307,484. AppFolio, Inc. has a twelve month low of $189.01 and a twelve month high of $320.36. The company has a market cap of $11.50 billion, a P/E ratio of 59.54 and a beta of 0.88. The stock's 50 day simple moving average is $233.70 and its 200 day simple moving average is $226.33.

AppFolio (NASDAQ:APPF - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The software maker reported $1.38 EPS for the quarter, topping analysts' consensus estimates of $1.27 by $0.11. AppFolio had a return on equity of 25.83% and a net margin of 23.87%. The company had revenue of $235.58 million for the quarter, compared to analysts' expectations of $230.10 million. During the same quarter last year, the business earned $1.12 earnings per share. AppFolio's revenue was up 19.4% on a year-over-year basis. As a group, analysts predict that AppFolio, Inc. will post 3.96 earnings per share for the current year.

Insider Transactions at AppFolio

In other AppFolio news, Director Timothy K. Bliss bought 7,500 shares of the firm's stock in a transaction on Thursday, June 5th. The shares were purchased at an average price of $217.02 per share, for a total transaction of $1,627,650.00. Following the completion of the transaction, the director directly owned 7,500 shares in the company, valued at approximately $1,627,650. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Timothy Mathias Eaton sold 1,057 shares of AppFolio stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $221.13, for a total value of $233,734.41. Following the completion of the transaction, the chief financial officer owned 7,176 shares in the company, valued at approximately $1,586,828.88. This represents a 12.84% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have purchased 18,500 shares of company stock valued at $4,024,220 and have sold 11,639 shares valued at $2,547,802. 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.