Curbstone Financial Management Corp Purchases 250 Shares of AppFolio, Inc. $APPF

Curbstone Financial Management Corp raised its position in shares of AppFolio, Inc. (NASDAQ:APPF) by 8.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,090 shares of the software maker’s stock after acquiring an additional 250 shares during the quarter. Curbstone Financial Management Corp’s holdings in AppFolio were worth $712,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the company. New York State Teachers Retirement System boosted its position in AppFolio by 1.9% during the second quarter. New York State Teachers Retirement System now owns 8,940 shares of the software maker’s stock valued at $2,059,000 after acquiring an additional 167 shares during the last quarter. Delap Wealth Advisory LLC bought a new stake in AppFolio during the second quarter valued at $202,000. Verdence Capital Advisors LLC boosted its position in AppFolio by 45.0% during the second quarter. Verdence Capital Advisors LLC now owns 4,195 shares of the software maker’s stock valued at $966,000 after acquiring an additional 1,302 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its position in AppFolio by 195.3% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 5,634 shares of the software maker’s stock valued at $1,297,000 after acquiring an additional 3,726 shares during the last quarter. Finally, Index Fund Advisors Inc. bought a new stake in AppFolio during the second quarter valued at $777,000. Institutional investors own 85.19% of the company’s stock.

Insider Buying and Selling

In other AppFolio news, insider Matthew S. Mazza sold 1,636 shares of the company’s stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $276.98, for a total value of $453,139.28. Following the completion of the sale, the insider directly owned 25,015 shares of the company’s stock, valued at approximately $6,928,654.70. This represents a 6.14% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO William Shane Trigg sold 4,000 shares of the company’s stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $276.95, for a total transaction of $1,107,800.00. Following the completion of the sale, the chief executive officer directly owned 59,556 shares of the company’s stock, valued at $16,494,034.20. The trade was a 6.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 58,803 shares of company stock worth $16,938,949 over the last ninety days. Insiders own 4.68% of the company’s stock.

AppFolio Price Performance

APPF opened at $235.51 on Friday. AppFolio, Inc. has a fifty-two week low of $189.01 and a fifty-two week high of $326.04. The firm has a market capitalization of $8.44 billion, a PE ratio of 42.51 and a beta of 0.83. The company’s 50-day moving average is $266.00 and its 200 day moving average is $243.12.

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

Analysts Set New Price Targets

APPF has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods upped their price target on shares of AppFolio from $295.00 to $311.00 and gave the company a “market perform” rating in a research report on Wednesday, September 3rd. Piper Sandler upgraded shares of AppFolio from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $240.00 to $350.00 in a report on Friday, August 1st. KeyCorp upgraded shares of AppFolio from a “sector weight” rating to an “overweight” rating and set a $285.00 price objective on the stock in a report on Friday. DA Davidson reiterated a “buy” rating and set a $350.00 price objective on shares of AppFolio in a report on Friday, August 1st. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of AppFolio in a report on Wednesday, October 8th. Six equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, AppFolio presently has a consensus rating of “Moderate Buy” and an average price target of $318.20.

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.