Charles Schwab Investment Management Inc. decreased its position in AppFolio, Inc. (NASDAQ:APPF - Free Report) by 5.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 166,842 shares of the software maker's stock after selling 9,973 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.46% of AppFolio worth $41,163,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also recently added to or reduced their stakes in APPF. UMB Bank n.a. grew its holdings in shares of AppFolio by 193.0% during the fourth quarter. UMB Bank n.a. now owns 167 shares of the software maker's stock worth $41,000 after buying an additional 110 shares in the last quarter. Arcadia Investment Management Corp MI acquired a new stake in AppFolio during the fourth quarter worth approximately $50,000. Jones Financial Companies Lllp grew its stake in AppFolio by 60.4% in the 4th quarter. Jones Financial Companies Lllp now owns 247 shares of the software maker's stock worth $61,000 after acquiring an additional 93 shares during the period. Blue Trust Inc. raised its holdings in AppFolio by 126.5% in the 4th quarter. Blue Trust Inc. now owns 265 shares of the software maker's stock valued at $62,000 after acquiring an additional 148 shares during the last quarter. Finally, True Wealth Design LLC acquired a new position in AppFolio in the 3rd quarter valued at $79,000. Institutional investors and hedge funds own 85.19% of the company's stock.
Insider Activity at AppFolio
In other news, Director Alexander Wolf purchased 9,678 shares of the 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 acquisition, the director now owns 3,226 shares in the company, valued at approximately $692,977.06. This trade represents a -150.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Matthew S. Mazza sold 838 shares of the business's stock in a transaction 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 transaction, the insider now owns 22,701 shares in the company, valued at $5,795,565.30. This represents a 3.56 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 5.24% of the company's stock.
Wall Street Analyst Weigh In
Several research firms recently commented on APPF. KeyCorp lowered AppFolio from an "overweight" rating to a "sector weight" rating and set a $253.00 target price for the company. in a research note on Friday, January 10th. Piper Sandler reiterated a "neutral" rating and set a $265.00 price objective on shares of AppFolio in a report on Friday, January 31st. Stephens restated an "overweight" rating and issued a $295.00 target price on shares of AppFolio in a report on Friday, January 31st. Finally, William Blair reaffirmed an "outperform" rating 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 assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $276.29.
View Our Latest Stock Report on AppFolio
AppFolio Trading Up 2.3 %
APPF traded up $4.99 during trading on Wednesday, hitting $217.81. 119,375 shares of the company's stock were exchanged, compared to its average volume of 265,120. AppFolio, Inc. has a 1 year low of $189.01 and a 1 year high of $274.56. The stock has a 50 day moving average price of $229.90 and a 200 day moving average price of $232.79. The firm has a market cap of $7.93 billion, a P/E ratio of 39.18 and a beta of 0.89.
AppFolio (NASDAQ:APPF - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The software maker reported $0.58 earnings per share for the quarter, missing analysts' consensus estimates of $0.92 by ($0.34). AppFolio had a return on equity of 26.21% and a net margin of 25.69%. Analysts forecast that AppFolio, Inc. will post 3.96 earnings per share for the current fiscal year.
AppFolio Company 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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