SG Americas Securities LLC Invests $1.63 Million in AppFolio Inc (NASDAQ:APPF)

SG Americas Securities LLC bought a new position in shares of AppFolio Inc (NASDAQ:APPF) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 17,110 shares of the software maker’s stock, valued at approximately $1,628,000. SG Americas Securities LLC owned approximately 0.05% of AppFolio as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Aperio Group LLC acquired a new stake in shares of AppFolio during the 2nd quarter worth about $69,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of AppFolio during the 2nd quarter worth about $72,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of AppFolio during the 2nd quarter worth about $125,000. NEXT Financial Group Inc acquired a new stake in shares of AppFolio during the 2nd quarter worth about $166,000. Finally, Bank of Montreal Can raised its position in shares of AppFolio by 289.9% during the 2nd quarter. Bank of Montreal Can now owns 1,731 shares of the software maker’s stock worth $177,000 after acquiring an additional 1,287 shares in the last quarter. 32.47% of the stock is currently owned by institutional investors and hedge funds.

In other news, CFO Ida Kathleen Kane sold 5,000 shares of the company’s stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $96.41, for a total value of $482,050.00. Following the sale, the chief financial officer now directly owns 5,000 shares of the company’s stock, valued at approximately $482,050. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Jason Robert Randall sold 4,310 shares of the stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of $95.46, for a total transaction of $411,432.60. The disclosure for this sale can be found here. Insiders sold 25,000 shares of company stock valued at $2,386,543 in the last quarter. 42.46% of the stock is currently owned by corporate insiders.

APPF opened at $102.04 on Friday. AppFolio Inc has a 52 week low of $53.50 and a 52 week high of $109.89. The firm has a market cap of $3.51 billion, a price-to-earnings ratio of 182.21 and a beta of 1.17. The business’s 50 day moving average is $94.44 and its two-hundred day moving average is $97.95. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.53.

AppFolio (NASDAQ:APPF) last announced its quarterly earnings results on Monday, October 28th. The software maker reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.05. The business had revenue of $67.90 million for the quarter, compared to analysts’ expectations of $67.08 million. AppFolio had a return on equity of 32.06% and a net margin of 14.44%. The business’s quarterly revenue was up 35.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.16 EPS. Equities analysts expect that AppFolio Inc will post 0.92 EPS for the current fiscal year.

Several brokerages have recently weighed in on APPF. ValuEngine raised AppFolio from a “sell” rating to a “hold” rating in a research report on Monday, November 11th. Zacks Investment Research raised AppFolio from a “hold” rating to a “strong-buy” rating and set a $109.00 price target on the stock in a research report on Wednesday, October 30th. DA Davidson lowered AppFolio from a “neutral” rating to an “underperform” rating in a research report on Tuesday, July 30th. Finally, BidaskClub raised AppFolio from a “sell” rating to a “hold” rating in a research report on Thursday, October 31st. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. AppFolio currently has an average rating of “Hold” and a consensus price target of $92.53.

AppFolio Profile

AppFolio, Inc provides industry-specific cloud-based software solutions for small and medium-sized businesses in the property management and legal industries. It offers AppFolio Property Manager, a cloud-based software solution for the real estate market that provides property managers of various sizes and tools and services designed to streamline their property management businesses, such as posting and tracking vacancies, leasing vacant properties, and accounting, as well as facilitating tenant, owner, and vendor communications.

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Institutional Ownership by Quarter for AppFolio (NASDAQ:APPF)

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