AppFolio, Inc. (NASDAQ:APPF) Stock Position Increased by Long Walk Management LP

Long Walk Management LP raised its holdings in shares of AppFolio, Inc. (NASDAQ:APPF - Free Report) by 29.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 65,500 shares of the software maker's stock after acquiring an additional 14,750 shares during the quarter. AppFolio comprises approximately 5.9% of Long Walk Management LP's portfolio, making the stock its 10th biggest holding. Long Walk Management LP owned approximately 0.18% of AppFolio worth $16,160,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in APPF. UMB Bank n.a. boosted its position in AppFolio by 193.0% during 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 period. Arcadia Investment Management Corp MI purchased a new stake in AppFolio during the fourth quarter valued at about $50,000. EverSource Wealth Advisors LLC boosted its position in AppFolio by 1,485.7% during 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 period. Jones Financial Companies Lllp boosted its position in AppFolio by 60.4% during the fourth quarter. Jones Financial Companies Lllp now owns 247 shares of the software maker's stock valued at $61,000 after buying an additional 93 shares during the period. Finally, Blue Trust Inc. boosted its position in AppFolio by 126.5% during the fourth quarter. Blue Trust Inc. now owns 265 shares of the software maker's stock valued at $62,000 after buying an additional 148 shares during the period. Institutional investors own 85.19% of the company's stock.

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Analyst Upgrades and Downgrades

Several research firms have issued reports on APPF. Stephens restated an "overweight" rating and set a $295.00 price target 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 target price for the company. in a report on Friday, January 10th. Piper Sandler reiterated a "neutral" rating and set a $265.00 target price on shares of AppFolio in a report on Friday, January 31st. Finally, William Blair reiterated an "outperform" rating on shares of AppFolio in a report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, AppFolio presently has an average rating of "Hold" and an average price target of $276.29.

Insider Transactions at AppFolio

In other news, insider Matthew S. Mazza sold 838 shares of the firm's stock in a transaction 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 sale, the insider now directly owns 22,701 shares in the company, valued at $5,795,565.30. This trade represents a 3.56 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO William Shane Trigg sold 3,501 shares of the firm's stock in a transaction on 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 owns 83,824 shares in the company, valued at $18,212,440.48. The trade was a 4.01 % 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 Trading Down 0.7 %

APPF stock traded down $1.48 on Thursday, hitting $215.51. The company had a trading volume of 175,710 shares, compared to its average volume of 265,724. AppFolio, Inc. has a 12-month low of $189.01 and a 12-month high of $274.56. The stock's 50-day simple moving average is $229.17 and its 200 day simple moving average is $232.68. The stock has a market cap of $7.85 billion, a price-to-earnings ratio of 38.83 and a beta of 0.89.

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

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.