AppFolio, Inc. (NASDAQ:APPF) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC lowered its position in AppFolio, Inc. (NASDAQ:APPF) by 60.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,155 shares of the software maker’s stock after selling 1,750 shares during the quarter. SG Americas Securities LLC’s holdings in AppFolio were worth $200,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in AppFolio by 2.4% during the 3rd quarter. Vanguard Group Inc. now owns 2,001,727 shares of the software maker’s stock valued at $365,575,000 after purchasing an additional 46,827 shares during the last quarter. BlackRock Inc. lifted its holdings in AppFolio by 2.9% during the 2nd quarter. BlackRock Inc. now owns 1,524,173 shares of the software maker’s stock valued at $262,371,000 after purchasing an additional 42,573 shares during the last quarter. Fred Alger Management LLC raised its stake in shares of AppFolio by 12.2% in the third quarter. Fred Alger Management LLC now owns 572,007 shares of the software maker’s stock worth $104,466,000 after acquiring an additional 62,347 shares during the last quarter. State Street Corp raised its stake in shares of AppFolio by 0.7% in the second quarter. State Street Corp now owns 415,745 shares of the software maker’s stock worth $71,566,000 after acquiring an additional 3,010 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of AppFolio by 5.5% in the first quarter. Geode Capital Management LLC now owns 374,861 shares of the software maker’s stock worth $46,663,000 after acquiring an additional 19,424 shares during the last quarter. Institutional investors and hedge funds own 62.34% of the company’s stock.

AppFolio Stock Performance

Shares of NASDAQ APPF opened at $221.43 on Friday. The stock has a market cap of $7.94 billion, a P/E ratio of 7,383.29 and a beta of 0.80. The firm has a 50 day moving average price of $232.58 and a 200 day moving average price of $202.93. AppFolio, Inc. has a 52-week low of $123.36 and a 52-week high of $253.42.

AppFolio (NASDAQ:APPF) last issued its quarterly earnings data on Thursday, January 25th. The software maker reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.29. The firm had revenue of $171.83 million during the quarter, compared to analysts’ expectations of $162.80 million. AppFolio had a net margin of 0.44% and a negative return on equity of 8.58%. Analysts predict that AppFolio, Inc. will post 2.66 earnings per share for the current fiscal year.

Insider Activity at AppFolio

In related news, Director Blottnitz Andreas Von sold 4,500 shares of the business’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $226.56, for a total transaction of $1,019,520.00. Following the completion of the transaction, the director now owns 5,449 shares in the company, valued at $1,234,525.44. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, Director Blottnitz Andreas Von sold 4,500 shares of the stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $226.56, for a total transaction of $1,019,520.00. Following the completion of the sale, the director now owns 5,449 shares of the company’s stock, valued at $1,234,525.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Timothy K. Bliss sold 10,000 shares of the stock in a transaction on Monday, March 11th. The stock was sold at an average price of $227.24, for a total transaction of $2,272,400.00. Following the sale, the director now directly owns 51,070 shares of the company’s stock, valued at approximately $11,605,146.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 15,489 shares of company stock worth $3,531,011. 9.15% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. KeyCorp boosted their target price on shares of AppFolio from $254.00 to $264.00 and gave the stock an “overweight” rating in a research note on Monday, March 18th. JPMorgan Chase & Co. boosted their target price on shares of AppFolio from $228.00 to $237.00 and gave the stock an “overweight” rating in a research note on Friday, January 26th. BTIG Research began coverage on shares of AppFolio in a research report on Friday, January 19th. They set a “buy” rating and a $215.00 price target for the company. StockNews.com cut shares of AppFolio from a “buy” rating to a “hold” rating in a research report on Thursday, December 21st. Finally, Stephens reiterated an “overweight” rating and set a $241.00 price target on shares of AppFolio in a research report on Friday, January 26th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, AppFolio currently has a consensus rating of “Moderate Buy” and a consensus target price of $239.40.

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.