Mutual of America Capital Management LLC Sells 500 Shares of AppFolio, Inc. $APPF

Mutual of America Capital Management LLC decreased its position in AppFolio, Inc. (NASDAQ:APPF) by 4.2% during the 2nd quarter, Holdings Channel reports. The firm owned 11,462 shares of the software maker’s stock after selling 500 shares during the period. Mutual of America Capital Management LLC’s holdings in AppFolio were worth $2,639,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in APPF. Rhumbline Advisers grew its holdings in shares of AppFolio by 0.7% in the first quarter. Rhumbline Advisers now owns 64,229 shares of the software maker’s stock worth $14,124,000 after purchasing an additional 437 shares during the last quarter. GAMMA Investing LLC boosted its holdings in AppFolio by 110.1% in the first quarter. GAMMA Investing LLC now owns 353 shares of the software maker’s stock valued at $78,000 after acquiring an additional 185 shares in the last quarter. Janney Montgomery Scott LLC bought a new stake in AppFolio in the first quarter valued at $305,000. State of Alaska Department of Revenue boosted its holdings in AppFolio by 3.2% in the first quarter. State of Alaska Department of Revenue now owns 2,720 shares of the software maker’s stock valued at $598,000 after acquiring an additional 85 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. bought a new stake in AppFolio in the first quarter valued at $420,000. Institutional investors own 85.19% of the company’s stock.

AppFolio Trading Up 1.3%

Shares of AppFolio stock opened at $242.68 on Friday. The firm has a market capitalization of $8.70 billion, a P/E ratio of 43.81 and a beta of 0.83. The business has a fifty day simple moving average of $262.96 and a two-hundred day simple moving average of $243.88. AppFolio, Inc. has a 12 month low of $190.24 and a 12 month high of $326.04.

AppFolio (NASDAQ:APPF) last posted its quarterly earnings results on Thursday, July 31st. The software maker reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.27 by $0.11. The firm had revenue of $235.58 million during the quarter, compared to analyst estimates of $230.10 million. AppFolio had a return on equity of 26.32% and a net margin of 23.54%.AppFolio’s quarterly revenue was up 19.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.12 EPS. AppFolio has set its FY 2025 guidance at EPS. Analysts predict that AppFolio, Inc. will post 3.96 earnings per share for the current year.

Analyst Ratings Changes

Several research firms recently weighed in on APPF. Keefe, Bruyette & Woods upgraded shares of AppFolio from a “market perform” rating to an “outperform” rating and set a $311.00 price target on the stock in a report on Friday. KeyCorp upgraded shares of AppFolio from a “sector weight” rating to an “overweight” rating and set a $285.00 price target on the stock in a report on Friday, October 17th. Piper Sandler raised AppFolio from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $240.00 to $350.00 in a research report on Friday, August 1st. Weiss Ratings reissued a “buy (b-)” rating on shares of AppFolio in a research report on Friday. Finally, DA Davidson reissued a “buy” rating and set a $350.00 price objective on shares of AppFolio in a research report on Friday, August 1st. Seven investment analysts have rated the stock with a Buy rating, According to MarketBeat, AppFolio currently has a consensus rating of “Buy” and an average price target of $318.20.

Insider Transactions at AppFolio

In other news, major shareholder Klaus Schauser sold 3,000 shares of AppFolio stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $295.14, for a total value of $885,420.00. Following the completion of the transaction, the insider owned 300,000 shares of the company’s stock, valued at $88,542,000. The trade was a 0.99% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Maurice J. Duca sold 3,100 shares of AppFolio stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $321.38, for a total value of $996,278.00. Following the completion of the transaction, the insider directly owned 42,400 shares of the company’s stock, valued at approximately $13,626,512. This represents a 6.81% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 58,803 shares of company stock valued at $16,938,949 in the last quarter. 4.68% of the stock is 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.