Daiwa Securities Group Inc. boosted its position in AppFolio, Inc. (NASDAQ:APPF - Free Report) by 485.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 7,022 shares of the software maker's stock after acquiring an additional 5,822 shares during the period. Daiwa Securities Group Inc.'s holdings in AppFolio were worth $1,732,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. UMB Bank n.a. lifted its stake in shares of AppFolio by 193.0% during the 4th 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 in the last quarter. Arcadia Investment Management Corp MI purchased a new position in shares of AppFolio in the fourth quarter valued at $50,000. Jones Financial Companies Lllp raised its stake in shares of AppFolio by 60.4% during the 4th quarter. Jones Financial Companies Lllp now owns 247 shares of the software maker's stock valued at $61,000 after purchasing an additional 93 shares during the period. Blue Trust Inc. lifted its holdings in AppFolio by 126.5% during the 4th quarter. Blue Trust Inc. now owns 265 shares of the software maker's stock worth $62,000 after purchasing an additional 148 shares in the last quarter. Finally, True Wealth Design LLC bought a new position in AppFolio in the 3rd quarter worth about $79,000. 85.19% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling
In other AppFolio news, CEO William Shane Trigg sold 3,501 shares of the business's stock in a transaction 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 directly owns 83,824 shares of the company's stock, valued at $18,212,440.48. The trade was a 4.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Matthew S. Mazza sold 838 shares of the business's stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $255.30, for a total value 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 approximately $5,795,565.30. This trade represents a 3.56 % decrease in their position. The disclosure for this sale can be found here. 5.24% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
Several equities research analysts have recently weighed in on APPF shares. Piper Sandler reiterated a "neutral" rating and set a $265.00 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 on the stock. in a report on Friday, January 10th. Stephens reissued an "overweight" rating and issued a $295.00 price target on shares of AppFolio in a report on Friday, January 31st. Finally, William Blair reaffirmed an "outperform" rating on shares of AppFolio in a report on Friday, January 31st. One analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $276.29.
Read Our Latest Report on APPF
AppFolio Trading Down 1.5 %
Shares of AppFolio stock traded down $3.30 on Tuesday, hitting $212.82. 180,731 shares of the company traded hands, compared to its average volume of 265,156. AppFolio, Inc. has a 12-month low of $189.01 and a 12-month high of $274.56. The company has a market cap of $7.75 billion, a P/E ratio of 38.35 and a beta of 0.89. The firm's 50-day simple moving average is $230.63 and its 200 day simple moving average is $232.93.
AppFolio (NASDAQ:APPF - Get Free Report) last released its earnings results 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%. Analysts predict that AppFolio, Inc. will post 3.96 earnings per share for the current 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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