Handelsbanken Fonder AB Buys 1,000 Shares of AppFolio, Inc. (NASDAQ:APPF)

Handelsbanken Fonder AB boosted its holdings in shares of AppFolio, Inc. (NASDAQ:APPF) by 22.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,400 shares of the software maker’s stock after acquiring an additional 1,000 shares during the quarter. Handelsbanken Fonder AB’s holdings in AppFolio were worth $1,332,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in APPF. Tidal Investments LLC boosted its stake in AppFolio by 2.9% in the 3rd quarter. Tidal Investments LLC now owns 1,425 shares of the software maker’s stock worth $335,000 after purchasing an additional 40 shares in the last quarter. Exchange Traded Concepts LLC increased its stake in AppFolio by 6.6% during the 4th quarter. Exchange Traded Concepts LLC now owns 642 shares of the software maker’s stock worth $158,000 after buying an additional 40 shares in the last quarter. Blue Trust Inc. lifted its stake in AppFolio by 85.7% in the 3rd quarter. Blue Trust Inc. now owns 117 shares of the software maker’s stock worth $29,000 after purchasing an additional 54 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in shares of AppFolio by 11.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 616 shares of the software maker’s stock worth $152,000 after acquiring an additional 65 shares during the last quarter. Finally, Northwest & Ethical Investments L.P. raised its stake in AppFolio by 16.0% during the third quarter. Northwest & Ethical Investments L.P. now owns 725 shares of the software maker’s stock worth $171,000 after purchasing an additional 100 shares during the period. 85.19% of the stock is currently owned by institutional investors.

Insider Transactions at AppFolio

In related news, Director Alexander Wolf acquired 9,678 shares of the business’s stock in a transaction dated Thursday, February 13th. The shares were acquired at an average cost of $214.81 per share, for a total transaction of $2,078,931.18. Following the acquisition, the director now directly owns 3,226 shares in the company, valued at approximately $692,977.06. The trade was a -150.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at 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 stock was sold at an average price of $263.32, for a total transaction of $1,091,461.40. Following the transaction, the chief executive officer now directly owns 73,682 shares in the company, valued at approximately $19,401,944.24. This represents a 5.33 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 9,684 shares of company stock valued at $2,372,625 in the last ninety days. Corporate insiders own 5.24% of the company’s stock.

AppFolio Stock Performance

AppFolio stock opened at $213.23 on Thursday. AppFolio, Inc. has a one year low of $189.01 and a one year high of $274.56. The business has a fifty day moving average of $239.62 and a two-hundred day moving average of $233.67. The company has a market cap of $7.76 billion, a P/E ratio of 38.42 and a beta of 0.88.

AppFolio (NASDAQ:APPF) last issued its quarterly earnings data on Thursday, January 30th. The software maker reported $0.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.34). AppFolio had a return on equity of 26.21% and a net margin of 25.69%. Sell-side analysts predict that AppFolio, Inc. will post 3.96 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have commented on APPF. Stephens restated an “overweight” rating and issued a $295.00 target price on shares of AppFolio in a research report on Friday, January 31st. Piper Sandler reaffirmed a “neutral” rating and issued a $265.00 price target on shares of AppFolio in a report on Friday, January 31st. KeyCorp cut shares of AppFolio from an “overweight” rating to a “sector weight” rating and set a $253.00 target price on the stock. in a report on Friday, January 10th. Finally, William Blair reaffirmed an “outperform” rating 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 issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $276.29.

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.