Barclays PLC Boosts Stock Holdings in AppFolio, Inc. (NASDAQ:APPF)

Barclays PLC grew its stake in shares of AppFolio, Inc. (NASDAQ:APPF - Free Report) by 82.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 18,084 shares of the software maker's stock after buying an additional 8,196 shares during the period. Barclays PLC's holdings in AppFolio were worth $4,463,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in APPF. FMR LLC grew its position in AppFolio by 881.2% during the fourth quarter. FMR LLC now owns 597,485 shares of the software maker's stock valued at $147,411,000 after acquiring an additional 536,591 shares during the period. Norges Bank purchased a new stake in shares of AppFolio during the 4th quarter worth about $68,037,000. Lord Abbett & CO. LLC grew its holdings in shares of AppFolio by 82.2% during the 3rd quarter. Lord Abbett & CO. LLC now owns 459,285 shares of the software maker's stock worth $108,116,000 after purchasing an additional 207,204 shares during the period. Arrowstreet Capital Limited Partnership increased its position in AppFolio by 227.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 233,892 shares of the software maker's stock worth $57,706,000 after purchasing an additional 162,540 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in AppFolio in the fourth quarter valued at approximately $30,195,000. 85.19% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at AppFolio

In other news, Director Alexander Wolf bought 9,678 shares of AppFolio stock in a transaction on Thursday, February 13th. The shares were bought at an average price of $214.81 per share, with a total value of $2,078,931.18. Following the acquisition, 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO William Shane Trigg sold 3,501 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $217.27, for a total value of $760,662.27. Following the completion of the sale, the chief executive officer now owns 83,824 shares of the company's stock, valued at $18,212,440.48. This trade represents 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 Stock Down 18.2 %

Shares of NASDAQ APPF opened at $192.02 on Monday. AppFolio, Inc. has a fifty-two week low of $189.01 and a fifty-two week high of $274.56. The business has a 50 day moving average price of $218.06 and a two-hundred day moving average price of $230.97. The firm has a market cap of $6.99 billion, a PE ratio of 34.60 and a beta of 0.86.

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 (EPS) 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%. On average, analysts anticipate that AppFolio, Inc. will post 3.96 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. William Blair reissued an "outperform" rating on shares of AppFolio in a research note on Friday, January 31st. Piper Sandler reissued a "neutral" rating and issued a $265.00 price objective on shares of AppFolio in a research report on Wednesday, April 23rd. Keefe, Bruyette & Woods decreased their target price on AppFolio from $210.00 to $205.00 and set an "underweight" rating for the company in a research report on Friday. DA Davidson dropped their target price on AppFolio from $300.00 to $275.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Finally, KeyCorp cut AppFolio from an "overweight" rating to a "sector weight" rating and set a $253.00 price target for the company. in a report 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. According to data from MarketBeat, AppFolio has an average rating of "Hold" and an average price target of $274.43.

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.

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