Amundi Acquires 16,554 Shares of AppFolio, Inc. (NASDAQ:APPF)

Amundi increased its position in AppFolio, Inc. (NASDAQ:APPF - Free Report) by 2,640.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 17,181 shares of the software maker's stock after acquiring an additional 16,554 shares during the period. Amundi's holdings in AppFolio were worth $4,357,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in APPF. State Street Corp increased its position in AppFolio by 8.2% in the third quarter. State Street Corp now owns 653,136 shares of the software maker's stock worth $153,748,000 after purchasing an additional 49,238 shares during the last quarter. Lord Abbett & CO. LLC increased its holdings in shares of AppFolio by 82.2% in the 3rd quarter. Lord Abbett & CO. LLC now owns 459,285 shares of the software maker's stock valued at $108,116,000 after acquiring an additional 207,204 shares during the period. Geode Capital Management LLC increased its position in shares of AppFolio by 8.6% during the third quarter. Geode Capital Management LLC now owns 413,032 shares of the software maker's stock worth $97,252,000 after purchasing an additional 32,743 shares in the last quarter. DF Dent & Co. Inc. grew its position in AppFolio by 10.1% during the 3rd quarter. DF Dent & Co. Inc. now owns 351,691 shares of the software maker's stock worth $82,788,000 after purchasing an additional 32,181 shares during the last quarter. Finally, Franklin Resources Inc. increased its holdings in AppFolio by 31.2% in the 3rd quarter. Franklin Resources Inc. now owns 228,655 shares of the software maker's stock worth $51,800,000 after buying an additional 54,386 shares during the period. Institutional investors own 85.19% of the company's stock.

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AppFolio Stock Performance

NASDAQ:APPF traded up $4.44 during trading hours on Wednesday, hitting $217.26. 161,024 shares of the company's stock traded hands, compared to its average volume of 265,455. The stock's fifty day moving average price is $229.90 and its two-hundred day moving average price is $232.79. The firm has a market cap of $7.91 billion, a P/E ratio of 39.15 and a beta of 0.89. AppFolio, Inc. has a twelve month low of $189.01 and a twelve month high of $274.56.

AppFolio (NASDAQ:APPF - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The software maker reported $0.58 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%. On average, equities research analysts predict that AppFolio, Inc. will post 3.96 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Stephens reaffirmed an "overweight" rating and issued a $295.00 price target on shares of AppFolio in a research note on Friday, January 31st. Piper Sandler reaffirmed a "neutral" rating and set a $265.00 price objective on shares of AppFolio in a research report on Friday, January 31st. William Blair reaffirmed an "outperform" rating on shares of AppFolio in a report on Friday, January 31st. Finally, KeyCorp cut 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. One 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's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $276.29.

Insider Activity at AppFolio

In other AppFolio news, Director Alexander Wolf purchased 9,678 shares of the company's stock in a transaction that occurred on Thursday, February 13th. The stock was acquired at an average cost of $214.81 per share, with a total value of $2,078,931.18. Following the completion of the purchase, the director now directly owns 3,226 shares in the company, valued at approximately $692,977.06. This represents a -150.00 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Matthew S. Mazza sold 838 shares of the stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $255.30, for a total transaction of $213,941.40. Following the completion of the sale, the insider now owns 22,701 shares in the company, valued at $5,795,565.30. This represents a 3.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 5.24% of the company's stock.

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.