903 Shares in AppFolio, Inc. (NASDAQ:APPF) Bought by Worldquant Millennium Advisors LLC

Worldquant Millennium Advisors LLC bought a new stake in AppFolio, Inc. (NASDAQ:APPF) during the third quarter, HoldingsChannel.com reports. The firm bought 903 shares of the software maker’s stock, valued at approximately $213,000.

Several other institutional investors have also recently bought and sold shares of the business. Blue Trust Inc. grew its holdings in shares of AppFolio by 85.7% during the 3rd quarter. Blue Trust Inc. now owns 117 shares of the software maker’s stock valued at $29,000 after purchasing an additional 54 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of AppFolio by 589.5% during the second quarter. GAMMA Investing LLC now owns 131 shares of the software maker’s stock worth $32,000 after buying an additional 112 shares during the last quarter. CWM LLC increased its holdings in shares of AppFolio by 238.6% during the second quarter. CWM LLC now owns 149 shares of the software maker’s stock worth $36,000 after buying an additional 105 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in shares of AppFolio by 688.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 213 shares of the software maker’s stock valued at $52,000 after acquiring an additional 186 shares during the last quarter. Finally, Quarry LP boosted its holdings in shares of AppFolio by 147.9% during the 2nd quarter. Quarry LP now owns 238 shares of the software maker’s stock valued at $58,000 after acquiring an additional 142 shares in the last quarter. Institutional investors and hedge funds own 62.34% of the company’s stock.

AppFolio Stock Down 2.3 %

APPF opened at $263.00 on Monday. AppFolio, Inc. has a twelve month low of $164.29 and a twelve month high of $274.56. The company has a fifty day moving average of $228.00 and a 200-day moving average of $231.82. The stock has a market cap of $9.56 billion, a PE ratio of 73.26 and a beta of 0.86.

AppFolio (NASDAQ:APPF) last issued its quarterly earnings results on Thursday, October 24th. The software maker reported $1.29 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.26. The firm had revenue of $206.00 million during the quarter, compared to the consensus estimate of $199.11 million. AppFolio had a return on equity of 30.64% and a net margin of 17.26%. The business’s revenue was up 24.5% compared to the same quarter last year. During the same period last year, the business posted $0.26 EPS. Sell-side analysts anticipate that AppFolio, Inc. will post 3.23 EPS for the current fiscal year.

Insider Buying and Selling at AppFolio

In other news, insider Matthew S. Mazza sold 926 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $229.04, for a total transaction of $212,091.04. Following the transaction, the insider now owns 33,819 shares of the company’s stock, valued at $7,745,903.76. This represents a 2.67 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Maurice J. Duca sold 200 shares of the business’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $232.18, for a total value of $46,436.00. Following the completion of the sale, the insider now directly owns 18,922 shares of the company’s stock, valued at $4,393,309.96. The trade was a 1.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 24,961 shares of company stock valued at $5,893,982. 5.24% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms have commented on APPF. StockNews.com downgraded AppFolio from a “buy” rating to a “hold” rating in a research report on Thursday, August 22nd. Keefe, Bruyette & Woods downgraded shares of AppFolio from a “market perform” rating to an “underperform” rating and cut their target price for the stock from $255.00 to $193.00 in a research report on Tuesday, October 15th. Piper Sandler decreased their price target on shares of AppFolio from $300.00 to $265.00 and set an “overweight” rating for the company in a research report on Friday, October 25th. Finally, KeyCorp cut their price target on shares of AppFolio from $300.00 to $252.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. One analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $261.75.

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.