Zeno Equity Partners LLP reduced its stake in AppFolio, Inc. (NASDAQ:APPF - Free Report) by 26.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 129,256 shares of the software maker's stock after selling 47,669 shares during the period. AppFolio accounts for about 9.6% of Zeno Equity Partners LLP's investment portfolio, making the stock its 5th biggest holding. Zeno Equity Partners LLP owned about 0.36% of AppFolio worth $31,890,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. KBC Group NV grew its position in AppFolio by 22.1% in the 3rd quarter. KBC Group NV now owns 618 shares of the software maker's stock valued at $145,000 after buying an additional 112 shares in the last quarter. Empowered Funds LLC grew its position in AppFolio by 3.0% in the 3rd quarter. Empowered Funds LLC now owns 6,927 shares of the software maker's stock valued at $1,631,000 after buying an additional 200 shares in the last quarter. Natixis Advisors LLC grew its position in AppFolio by 19.0% in the 3rd quarter. Natixis Advisors LLC now owns 22,094 shares of the software maker's stock valued at $5,201,000 after buying an additional 3,533 shares in the last quarter. Mutual of America Capital Management LLC grew its position in AppFolio by 3.5% in the 3rd quarter. Mutual of America Capital Management LLC now owns 12,434 shares of the software maker's stock valued at $2,927,000 after buying an additional 419 shares in the last quarter. Finally, Claro Advisors LLC bought a new position in AppFolio in the 3rd quarter valued at about $252,000. 85.19% of the stock is currently owned by institutional investors and hedge funds.
AppFolio Trading Down 0.1 %
APPF stock traded down $0.14 during mid-day trading on Friday, reaching $215.37. 235,807 shares of the stock traded hands, compared to its average volume of 266,519. AppFolio, Inc. has a 52-week low of $189.01 and a 52-week high of $274.56. The company has a market cap of $7.84 billion, a P/E ratio of 38.81 and a beta of 0.89. The stock's fifty day moving average is $227.84 and its 200-day moving average is $232.51.
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%. Equities research analysts expect that AppFolio, Inc. will post 3.96 earnings per share for the current year.
Analyst Ratings Changes
Several equities analysts have recently weighed in on the stock. Piper Sandler restated a "neutral" rating and set a $265.00 price objective on shares of AppFolio in a research report on Friday, January 31st. KeyCorp lowered shares of AppFolio from an "overweight" rating to a "sector weight" rating and set a $253.00 price objective for the company. in a research report on Friday, January 10th. William Blair restated an "outperform" rating on shares of AppFolio in a research report on Friday, January 31st. Finally, Stephens restated an "overweight" rating and set a $295.00 price objective on shares of AppFolio in a research report on Friday, January 31st. One analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $276.29.
Read Our Latest Stock Analysis on AppFolio
Insider Buying and Selling at AppFolio
In related news, Director Alexander Wolf purchased 9,678 shares of AppFolio stock in a transaction dated 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 transaction, the director now directly owns 3,226 shares of the company's stock, valued at $692,977.06. This trade represents a -150.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Matthew S. Mazza sold 838 shares of the stock in a transaction that occurred on Thursday, January 23rd. The stock was 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 directly owns 22,701 shares of the company's stock, valued at $5,795,565.30. This trade represents a 3.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 5.24% of the company's stock.
AppFolio Profile
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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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