Versor Investments LP Raises Position in AppFolio, Inc. $APPF

Versor Investments LP lifted its stake in AppFolio, Inc. (NASDAQ:APPF) by 231.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,111 shares of the software maker’s stock after buying an additional 3,570 shares during the period. Versor Investments LP’s holdings in AppFolio were worth $1,177,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd purchased a new stake in shares of AppFolio in the first quarter worth about $55,000. GAMMA Investing LLC boosted its position in shares of AppFolio by 110.1% in the first quarter. GAMMA Investing LLC now owns 353 shares of the software maker’s stock worth $78,000 after buying an additional 185 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of AppFolio by 23.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 384 shares of the software maker’s stock worth $84,000 after buying an additional 73 shares during the period. Oliver Lagore Vanvalin Investment Group purchased a new stake in shares of AppFolio during the second quarter worth about $90,000. Finally, Reyes Financial Architecture Inc. acquired a new position in shares of AppFolio in the second quarter worth about $96,000. Hedge funds and other institutional investors own 85.19% of the company’s stock.

Insider Transactions at AppFolio

In related news, CFO Timothy Mathias Eaton sold 667 shares of the business’s stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $276.58, for a total value of $184,478.86. Following the completion of the sale, the chief financial officer directly owned 11,142 shares of the company’s stock, valued at $3,081,654.36. The trade was a 5.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO William Shane Trigg sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $276.95, for a total value of $1,107,800.00. Following the transaction, the chief executive officer directly owned 59,556 shares of the company’s stock, valued at $16,494,034.20. This trade represents a 6.29% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 44,603 shares of company stock valued at $12,583,233 over the last 90 days. Corporate insiders own 4.68% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on the company. DA Davidson cut their price target on AppFolio from $375.00 to $325.00 and set a “buy” rating on the stock in a research note on Friday. Keefe, Bruyette & Woods upgraded AppFolio from a “market perform” rating to an “outperform” rating and set a $311.00 price target on the stock in a research note on Friday, October 24th. Piper Sandler upgraded AppFolio from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $240.00 to $350.00 in a research note on Friday, August 1st. Weiss Ratings reiterated a “buy (b-)” rating on shares of AppFolio in a research note on Wednesday, October 8th. Finally, KeyCorp cut their price target on AppFolio from $285.00 to $270.00 and set an “overweight” rating on the stock in a research note on Friday. Seven investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, AppFolio has an average rating of “Buy” and a consensus target price of $310.20.

AppFolio Stock Up 7.9%

Shares of AppFolio stock opened at $254.43 on Monday. The firm has a market cap of $9.12 billion, a P/E ratio of 45.68 and a beta of 0.83. AppFolio, Inc. has a fifty-two week low of $190.24 and a fifty-two week high of $326.04. The business has a 50-day moving average price of $260.29 and a 200 day moving average price of $245.08.

AppFolio (NASDAQ:APPF) last announced its quarterly earnings data on Thursday, October 30th. The software maker reported $1.31 earnings per share for the quarter, missing the consensus estimate of $1.45 by ($0.14). The firm had revenue of $249.35 million during the quarter, compared to the consensus estimate of $245.39 million. AppFolio had a net margin of 22.48% and a return on equity of 25.97%. The firm’s quarterly revenue was up 21.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.29 earnings per share. AppFolio has set its FY 2025 guidance at EPS. As a group, equities research analysts anticipate that AppFolio, Inc. will post 3.96 earnings per share for the current year.

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.