Northwest & Ethical Investments L.P. Has $171,000 Holdings in AppFolio, Inc. (NASDAQ:APPF)

Northwest & Ethical Investments L.P. increased its stake in shares of AppFolio, Inc. (NASDAQ:APPF) by 16.0% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 725 shares of the software maker’s stock after acquiring an additional 100 shares during the period. Northwest & Ethical Investments L.P.’s holdings in AppFolio were worth $171,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the stock. Blue Trust Inc. boosted its position 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 purchasing an additional 54 shares during the period. GAMMA Investing LLC boosted its holdings 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 buying an additional 112 shares during the period. CWM LLC grew its stake in 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 buying an additional 105 shares during the last quarter. Advisors Asset Management Inc. raised its holdings in AppFolio by 291.3% in the 1st quarter. Advisors Asset Management Inc. now owns 180 shares of the software maker’s stock worth $44,000 after acquiring an additional 134 shares during the period. Finally, Northwestern Mutual Wealth Management Co. lifted its position in AppFolio by 688.9% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 213 shares of the software maker’s stock worth $52,000 after acquiring an additional 186 shares during the last quarter. 62.34% of the stock is owned by institutional investors.

AppFolio Stock Down 0.4 %

Shares of APPF opened at $253.75 on Friday. The company has a 50-day moving average price of $225.24 and a two-hundred day moving average price of $231.28. The stock has a market cap of $9.22 billion, a price-to-earnings ratio of 70.68 and a beta of 0.83. AppFolio, Inc. has a 12 month low of $164.29 and a 12 month high of $274.56.

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

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In other AppFolio news, major shareholder Maurice J. Duca sold 200 shares of the company’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $232.18, for a total transaction of $46,436.00. Following the sale, the insider now directly owns 18,922 shares of the company’s stock, valued at approximately $4,393,309.96. This represents a 1.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO William Shane Trigg sold 3,500 shares of AppFolio stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $229.85, for a total transaction of $804,475.00. Following the completion of the transaction, the chief executive officer now owns 74,327 shares of the company’s stock, valued at $17,084,060.95. This trade represents a 4.50 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 24,461 shares of company stock worth $5,766,272 in the last quarter. 5.24% of the stock is owned by corporate insiders.

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.