Blue Trust Inc. Acquires 208 Shares of AppFolio, Inc. (NASDAQ:APPF)

Blue Trust Inc. boosted its holdings in AppFolio, Inc. (NASDAQ:APPF) by 330.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 271 shares of the software maker’s stock after acquiring an additional 208 shares during the period. Blue Trust Inc.’s holdings in AppFolio were worth $60,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in APPF. Colonial Trust Co SC bought a new position in AppFolio during the 4th quarter worth $28,000. Fifth Third Bancorp increased its position in AppFolio by 53.0% during the 1st quarter. Fifth Third Bancorp now owns 179 shares of the software maker’s stock worth $39,000 after buying an additional 62 shares during the period. Versant Capital Management Inc increased its position in 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. Aster Capital Management DIFC Ltd increased its position in AppFolio by 10,300.0% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 208 shares of the software maker’s stock worth $51,000 after buying an additional 206 shares during the period. Finally, EverSource Wealth Advisors LLC increased its position in AppFolio by 1,485.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 222 shares of the software maker’s stock worth $55,000 after buying an additional 208 shares during the period. Institutional investors own 85.19% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on APPF shares. Piper Sandler reiterated a “neutral” rating and set a $265.00 price objective on shares of AppFolio in a research report on Wednesday, April 23rd. Keefe, Bruyette & Woods lowered their price objective on AppFolio from $210.00 to $205.00 and set an “underweight” rating on the stock in a research report on Friday, April 25th. Finally, DA Davidson upgraded AppFolio to a “strong-buy” rating in a research report on Tuesday, May 13th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, AppFolio has a consensus rating of “Moderate Buy” and an average price target of $274.43.

AppFolio Stock Performance

APPF opened at $229.29 on Friday. The firm has a market cap of $8.26 billion, a P/E ratio of 42.78 and a beta of 0.87. AppFolio, Inc. has a 52-week low of $189.01 and a 52-week high of $274.56. The business’s fifty day moving average is $216.64 and its 200-day moving average is $227.23.

AppFolio (NASDAQ:APPF) last released its quarterly earnings data on Thursday, April 24th. The software maker reported $1.21 earnings per share for the quarter, missing the consensus estimate of $1.23 by ($0.02). The business had revenue of $217.70 million during the quarter, compared to analyst estimates of $220.95 million. AppFolio had a net margin of 23.87% and a return on equity of 25.83%. The business’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same period last year, the business earned $1.05 earnings per share. On average, research analysts predict that AppFolio, Inc. will post 3.96 earnings per share for the current fiscal year.

Insider Activity at AppFolio

In other AppFolio news, Director Timothy K. Bliss acquired 7,500 shares of AppFolio stock in a transaction that occurred on Thursday, June 5th. The shares were acquired 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 now directly owns 7,500 shares of the company’s stock, valued at $1,627,650. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO William Shane Trigg sold 5,900 shares of the firm’s stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $211.45, for a total value of $1,247,555.00. Following the completion of the sale, the chief executive officer now directly owns 70,647 shares in the company, valued at $14,938,308.15. This trade represents a 7.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have acquired 18,500 shares of company stock valued at $4,024,220 and have sold 11,639 shares valued at $2,547,802. 4.68% of the stock is currently owned by insiders.

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.