Blair William & Co. IL Has $13.99 Million Position in AppFolio, Inc. (NASDAQ:APPF)

Blair William & Co. IL trimmed its position in AppFolio, Inc. (NASDAQ:APPF - Free Report) by 3.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 56,693 shares of the software maker's stock after selling 1,788 shares during the period. Blair William & Co. IL owned approximately 0.16% of AppFolio worth $13,987,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of APPF. Loomis Sayles & Co. L P acquired a new stake in AppFolio in the fourth quarter worth $724,000. Congress Wealth Management LLC DE bought a new stake in shares of AppFolio in the 4th quarter valued at $226,000. Vanguard Group Inc. raised its stake in AppFolio by 3.8% during the 4th quarter. Vanguard Group Inc. now owns 2,495,527 shares of the software maker's stock worth $615,696,000 after buying an additional 91,174 shares during the period. Stevens Capital Management LP bought a new position in AppFolio during the fourth quarter worth about $202,000. Finally, KLP Kapitalforvaltning AS acquired a new position in AppFolio in the fourth quarter valued at about $1,456,000. Institutional investors own 85.19% of the company's stock.

Analyst Upgrades and Downgrades

APPF has been the topic of a number of research analyst reports. William Blair reaffirmed an "outperform" rating on shares of AppFolio in a research report on Friday, January 31st. KeyCorp downgraded shares of AppFolio from an "overweight" rating to a "sector weight" rating and set a $253.00 target price on the stock. in a report on Friday, January 10th. Piper Sandler reiterated a "neutral" rating and issued a $265.00 price target on shares of AppFolio in a report on Friday, January 31st. Finally, Stephens restated an "overweight" rating and set a $295.00 price objective on shares of AppFolio in a report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $276.29.

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AppFolio Stock Performance

NASDAQ APPF traded up $5.77 during trading hours on Wednesday, hitting $228.20. 116,267 shares of the company traded hands, compared to its average volume of 258,034. The stock has a market capitalization of $8.31 billion, a price-to-earnings ratio of 41.12 and a beta of 0.86. AppFolio, Inc. has a twelve month low of $189.01 and a twelve month high of $274.56. The business's 50-day moving average is $223.98 and its 200-day moving average is $232.49.

AppFolio (NASDAQ:APPF - Get Free Report) last released its 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 net margin of 25.69% and a return on equity of 26.21%. Analysts predict that AppFolio, Inc. will post 3.96 EPS for the current year.

Insider Activity

In other AppFolio news, insider Matthew S. Mazza sold 838 shares of the firm'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 sale, the insider now owns 22,701 shares of the company's stock, 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 SEC, which is available through this hyperlink. Also, CEO William Shane Trigg sold 3,501 shares of AppFolio stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $217.27, for a total transaction of $760,662.27. Following the transaction, the chief executive officer now directly owns 83,824 shares of the company's stock, valued at approximately $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. 5.24% of the stock is owned by insiders.

AppFolio Company 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.