Yousif Capital Management LLC Cuts Stake in AppFolio, Inc. (NASDAQ:APPF)

Yousif Capital Management LLC lessened its stake in shares of AppFolio, Inc. (NASDAQ:APPF) by 3.1% in the fourth quarter, HoldingsChannel.com reports. The firm owned 8,073 shares of the software maker’s stock after selling 256 shares during the quarter. Yousif Capital Management LLC’s holdings in AppFolio were worth $1,992,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Retirement Systems of Alabama raised its holdings in AppFolio by 0.4% during the 4th quarter. Retirement Systems of Alabama now owns 28,064 shares of the software maker’s stock valued at $6,924,000 after buying an additional 114 shares during the last quarter. Deepwater Asset Management LLC bought a new position in shares of AppFolio during the fourth quarter valued at about $15,483,000. SYM FINANCIAL Corp bought a new position in shares of AppFolio during the fourth quarter valued at about $292,000. Chicago Partners Investment Group LLC bought a new position in shares of AppFolio during the fourth quarter valued at about $257,000. Finally, KBC Group NV raised its stake in shares of AppFolio by 65.5% during the fourth quarter. KBC Group NV now owns 1,023 shares of the software maker’s stock valued at $252,000 after acquiring an additional 405 shares during the last quarter. Institutional investors own 85.19% of the company’s stock.

Insider Buying and Selling at AppFolio

In other news, major shareholder Maurice J. Duca sold 1,059 shares of the stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $229.10, for a total transaction of $242,616.90. Following the sale, the insider now owns 9,388 shares in the company, valued at $2,150,790.80. This represents a 10.14 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO William Shane Trigg sold 4,145 shares of the stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $263.32, for a total transaction of $1,091,461.40. Following the sale, the chief executive officer now owns 73,682 shares in the company, valued at approximately $19,401,944.24. The trade was a 5.33 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 18,590 shares of company stock valued at $4,544,279. Corporate insiders own 5.24% of the company’s stock.

AppFolio Price Performance

APPF stock opened at $218.50 on Wednesday. AppFolio, Inc. has a 1 year low of $189.01 and a 1 year high of $274.56. The company has a market cap of $7.94 billion, a P/E ratio of 39.37 and a beta of 0.88. The firm has a 50-day moving average of $249.91 and a 200 day moving average of $233.84.

AppFolio (NASDAQ:APPF) last announced its earnings results on Thursday, January 30th. The software maker reported $0.58 earnings per share for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.34). AppFolio had a net margin of 25.69% and a return on equity of 26.21%. On average, equities research analysts expect that AppFolio, Inc. will post 3.96 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

APPF has been the subject of several recent analyst reports. Keefe, Bruyette & Woods downgraded shares of AppFolio from a “market perform” rating to an “underperform” rating and lowered their price objective for the company from $255.00 to $193.00 in a research note on Tuesday, October 15th. Stephens reaffirmed an “overweight” rating and set a $295.00 price objective on shares of AppFolio in a research note on Friday, January 31st. KeyCorp downgraded shares of AppFolio from an “overweight” rating to a “sector weight” rating and set a $253.00 price objective for the company. in a research note on Friday, January 10th. William Blair reaffirmed an “outperform” rating on shares of AppFolio in a research note on Friday, January 31st. Finally, Piper Sandler reissued a “neutral” rating and issued a $265.00 price target on shares of AppFolio in a research note on Friday, January 31st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $276.29.

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.