Olympiad Research LP Has $478,000 Stake in AppFolio, Inc. (NASDAQ:APPF)

Olympiad Research LP cut its stake in AppFolio, Inc. (NASDAQ:APPF) by 27.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,030 shares of the software maker’s stock after selling 766 shares during the period. Olympiad Research LP’s holdings in AppFolio were worth $478,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the company. Blue Trust Inc. raised its holdings in AppFolio by 85.7% during the third quarter. Blue Trust Inc. now owns 117 shares of the software maker’s stock worth $29,000 after acquiring an additional 54 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of AppFolio by 589.5% during the 2nd quarter. GAMMA Investing LLC now owns 131 shares of the software maker’s stock worth $32,000 after purchasing an additional 112 shares during the last quarter. CWM LLC raised its holdings in shares of AppFolio by 238.6% in the 2nd quarter. CWM LLC now owns 149 shares of the software maker’s stock valued at $36,000 after purchasing an additional 105 shares during the period. Advisors Asset Management Inc. lifted its stake in AppFolio by 291.3% in the 1st quarter. Advisors Asset Management Inc. now owns 180 shares of the software maker’s stock valued at $44,000 after purchasing an additional 134 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in AppFolio by 688.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 213 shares of the software maker’s stock worth $52,000 after purchasing an additional 186 shares during the period. Institutional investors own 62.34% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on APPF shares. Piper Sandler Companies reaffirmed an “overweight” rating and set a $300.00 target price on shares of AppFolio in a report on Friday, July 26th. StockNews.com downgraded AppFolio from a “buy” rating to a “hold” rating in a research report on Thursday, August 22nd. KeyCorp dropped their price target on AppFolio from $300.00 to $252.00 and set an “overweight” rating for the company in a report on Friday, October 25th. Piper Sandler decreased their price objective on AppFolio from $300.00 to $265.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. Finally, Keefe, Bruyette & Woods downgraded AppFolio from a “market perform” rating to an “underperform” rating and dropped their target price for the stock from $255.00 to $193.00 in a report on Tuesday, October 15th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, AppFolio presently has a consensus rating of “Moderate Buy” and an average price target of $261.75.

AppFolio Price Performance

AppFolio stock opened at $228.10 on Thursday. The company has a market capitalization of $8.29 billion, a P/E ratio of 63.54 and a beta of 0.83. AppFolio, Inc. has a 1 year low of $164.29 and a 1 year high of $274.56. The business has a 50 day moving average of $221.46 and a 200-day moving average of $230.81.

AppFolio (NASDAQ:APPF) last released its earnings results on Thursday, October 24th. The software maker reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.26. AppFolio had a net margin of 17.26% and a return on equity of 30.64%. The business had revenue of $206.00 million for the quarter, compared to analyst estimates of $199.11 million. During the same quarter in the previous year, the business earned $0.26 earnings per share. AppFolio’s revenue for the quarter was up 24.5% on a year-over-year basis. Equities analysts anticipate that AppFolio, Inc. will post 3.2 EPS for the current year.

Insider Activity

In other AppFolio news, insider Matthew S. Mazza sold 2,371 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $221.22, for a total value of $524,512.62. Following the completion of the sale, the insider now owns 39,980 shares of the company’s stock, valued at approximately $8,844,375.60. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, insider Matthew S. Mazza sold 2,371 shares of the business’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $221.22, for a total transaction of $524,512.62. Following the completion of the sale, the insider now directly owns 39,980 shares of the company’s stock, valued at $8,844,375.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO William Shane Trigg sold 3,501 shares of the stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $218.98, for a total value of $766,648.98. Following the completion of the sale, the chief executive officer now directly owns 81,699 shares of the company’s stock, valued at approximately $17,890,447.02. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 17,652 shares of company stock worth $4,053,818 in the last three months. Company insiders own 5.24% of the company’s stock.

AppFolio 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.