AppFolio, Inc. (NASDAQ:APPF) Shares Sold by Stifel Financial Corp

Stifel Financial Corp trimmed its stake in shares of AppFolio, Inc. (NASDAQ:APPF) by 42.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 1,066 shares of the software maker’s stock after selling 787 shares during the period. Stifel Financial Corp’s holdings in AppFolio were worth $263,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. UMB Bank n.a. raised its stake in shares of AppFolio by 193.0% during the 4th quarter. UMB Bank n.a. now owns 167 shares of the software maker’s stock worth $41,000 after purchasing an additional 110 shares in the last quarter. Arcadia Investment Management Corp MI bought a new position in AppFolio during the 4th quarter valued at about $50,000. Aster Capital Management DIFC Ltd lifted its position in AppFolio by 10,300.0% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 208 shares of the software maker’s stock worth $51,000 after buying an additional 206 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in shares of AppFolio by 1,485.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 222 shares of the software maker’s stock worth $55,000 after acquiring an additional 208 shares during the last quarter. Finally, Jones Financial Companies Lllp grew its holdings in AppFolio by 60.4% during the 4th quarter. Jones Financial Companies Lllp now owns 247 shares of the software maker’s stock worth $61,000 after acquiring an additional 93 shares during the period. 85.19% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO William Shane Trigg sold 3,501 shares of the firm’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $217.27, for a total value of $760,662.27. Following the transaction, the chief executive officer now directly owns 83,824 shares in the company, valued at $18,212,440.48. This trade represents a 4.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 5.24% of the company’s stock.

AppFolio Trading Down 2.1%

Shares of APPF opened at $212.12 on Thursday. AppFolio, Inc. has a 12-month low of $189.01 and a 12-month high of $274.56. The company has a 50-day moving average of $217.00 and a two-hundred day moving average of $231.18. The stock has a market cap of $7.64 billion, a P/E ratio of 38.22 and a beta of 0.99.

AppFolio (NASDAQ:APPF) last posted its quarterly earnings results on Thursday, April 24th. The software maker reported $1.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.02). The business had revenue of $217.70 million during the quarter, compared to the consensus estimate of $220.95 million. AppFolio had a return on equity of 26.21% and a net margin of 25.69%. The company’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.05 earnings per share. As a group, analysts forecast that AppFolio, Inc. will post 3.96 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Keefe, Bruyette & Woods lowered their price target on AppFolio from $210.00 to $205.00 and set an “underweight” rating on the stock in a research report on Friday, April 25th. William Blair restated an “outperform” rating on shares of AppFolio in a research report on Friday, January 31st. Stephens restated an “overweight” rating and issued a $295.00 target price on shares of AppFolio in a research note on Friday, January 31st. Piper Sandler reiterated a “neutral” rating and set a $265.00 price target on shares of AppFolio in a research report on Wednesday, April 23rd. Finally, DA Davidson reduced their price objective on shares of AppFolio from $300.00 to $275.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, AppFolio presently has a consensus rating of “Hold” and a consensus price target of $274.43.

AppFolio Company 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.