AppFolio, Inc. (NASDAQ:APPF) Stock Holdings Increased by Focus Partners Wealth

Focus Partners Wealth boosted its position in AppFolio, Inc. (NASDAQ:APPF) by 54.9% in the 4th quarter, Holdings Channel reports. The institutional investor owned 3,599 shares of the software maker’s stock after buying an additional 1,276 shares during the period. Focus Partners Wealth’s holdings in AppFolio were worth $888,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Colonial Trust Co SC bought a new stake in AppFolio in the fourth quarter valued at about $28,000. UMB Bank n.a. increased its holdings in AppFolio by 193.0% in the fourth quarter. UMB Bank n.a. now owns 167 shares of the software maker’s stock valued at $41,000 after buying an additional 110 shares during the last quarter. Arcadia Investment Management Corp MI bought a new stake in AppFolio in the fourth quarter valued at about $50,000. Aster Capital Management DIFC Ltd increased its holdings in AppFolio by 10,300.0% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 208 shares of the software maker’s stock valued at $51,000 after buying an additional 206 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in AppFolio by 1,485.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 222 shares of the software maker’s stock valued at $55,000 after buying an additional 208 shares during the last quarter. 85.19% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CEO William Shane Trigg sold 3,501 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $217.27, for a total transaction of $760,662.27. Following the sale, the chief executive officer now owns 83,824 shares of the company’s stock, valued at $18,212,440.48. The trade was a 4.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 5.24% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. DA Davidson raised AppFolio to a “strong-buy” rating in a report on Tuesday, May 13th. Piper Sandler restated a “neutral” rating and issued a $265.00 target price on shares of AppFolio in a research note on Wednesday, April 23rd. Keefe, Bruyette & Woods decreased their target price on AppFolio from $210.00 to $205.00 and set an “underweight” rating for the company in a research note on Friday, April 25th. William Blair restated an “outperform” rating on shares of AppFolio in a research note on Friday, January 31st. Finally, Stephens restated an “overweight” rating and issued a $295.00 target price 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, four have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $274.43.

AppFolio Trading Up 3.1%

Shares of NASDAQ APPF opened at $218.91 on Monday. The stock has a 50 day simple moving average of $217.02 and a 200-day simple moving average of $231.47. The company has a market cap of $7.89 billion, a PE ratio of 39.44 and a beta of 0.99. AppFolio, Inc. has a 12-month low of $189.01 and a 12-month high of $274.56.

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

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.