Bryce Point Capital LLC acquired a new stake in shares of AppFolio, Inc. (NASDAQ:APPF - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 5,640 shares of the software maker's stock, valued at approximately $1,392,000.
Other hedge funds have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. increased its stake in shares of AppFolio by 15.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 176,815 shares of the software maker's stock valued at $41,622,000 after acquiring an additional 24,141 shares during the last quarter. Bank of Montreal Can increased its position in AppFolio by 546.4% during the 3rd quarter. Bank of Montreal Can now owns 20,199 shares of the software maker's stock worth $4,737,000 after purchasing an additional 17,074 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in AppFolio by 5.3% in the third quarter. The Manufacturers Life Insurance Company now owns 19,130 shares of the software maker's stock valued at $4,503,000 after buying an additional 962 shares during the period. FMR LLC lifted its position in AppFolio by 998.0% during the third quarter. FMR LLC now owns 60,894 shares of the software maker's stock valued at $14,334,000 after buying an additional 55,348 shares in the last quarter. Finally, MetLife Investment Management LLC grew its stake in AppFolio by 6.8% during the third quarter. MetLife Investment Management LLC now owns 12,917 shares of the software maker's stock worth $3,041,000 after buying an additional 828 shares during the period. Institutional investors and hedge funds own 85.19% of the company's stock.
Wall Street Analysts Forecast Growth
APPF has been the topic of several recent research reports. Piper Sandler restated a "neutral" rating and set a $265.00 target price on shares of AppFolio in a report on Friday, January 31st. KeyCorp cut AppFolio from an "overweight" rating to a "sector weight" rating and set a $253.00 price objective on the stock. in a research note on Friday, January 10th. William Blair reaffirmed an "outperform" rating on shares of AppFolio in a research report on Friday, January 31st. Finally, Stephens reissued an "overweight" rating and set a $295.00 price target on shares of AppFolio in a research report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $276.29.
View Our Latest Research Report on AppFolio
Insider Buying and Selling
In other news, insider Matthew S. Mazza sold 838 shares of AppFolio stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $255.30, for a total value of $213,941.40. Following the completion of the transaction, the insider now directly owns 22,701 shares of the company's stock, valued at approximately $5,795,565.30. The trade was a 3.56 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO William Shane Trigg sold 3,501 shares of the business's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $217.27, for a total transaction of $760,662.27. Following the sale, the chief executive officer now directly owns 83,824 shares of the company's stock, valued at approximately $18,212,440.48. This represents a 4.01 % decrease in their position. The disclosure for this sale can be found here. Insiders own 5.24% of the company's stock.
AppFolio Trading Down 2.5 %
APPF stock traded down $5.33 during midday trading on Monday, hitting $210.92. 286,009 shares of the company's stock were exchanged, compared to its average volume of 261,296. The stock has a market capitalization of $7.68 billion, a price-to-earnings ratio of 38.20 and a beta of 0.86. The firm has a 50 day moving average price of $221.98 and a 200-day moving average price of $232.37. AppFolio, Inc. has a 12-month low of $189.01 and a 12-month high of $274.56.
AppFolio (NASDAQ:APPF - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The software maker reported $0.58 EPS 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, sell-side analysts forecast that AppFolio, Inc. will post 3.96 EPS for the current fiscal year.
About AppFolio
(
Free Report)
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.
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