DF Dent & Co. Inc. Raises Stock Holdings in AppFolio, Inc. (NASDAQ:APPF)

DF Dent & Co. Inc. grew its position in AppFolio, Inc. (NASDAQ:APPF - Free Report) by 17.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 413,968 shares of the software maker's stock after acquiring an additional 62,277 shares during the period. AppFolio comprises about 1.3% of DF Dent & Co. Inc.'s portfolio, making the stock its 29th largest holding. DF Dent & Co. Inc. owned 1.14% of AppFolio worth $102,134,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of APPF. UMB Bank n.a. grew its stake in AppFolio by 193.0% in 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 during the last quarter. Arcadia Investment Management Corp MI acquired a new position in shares of AppFolio during the 4th quarter worth $50,000. EverSource Wealth Advisors LLC raised its stake in AppFolio by 1,485.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 222 shares of the software maker's stock worth $55,000 after acquiring an additional 208 shares in the last quarter. Jones Financial Companies Lllp lifted 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 valued at $61,000 after purchasing an additional 93 shares during the last quarter. Finally, Blue Trust Inc. lifted its stake in shares of 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. Institutional investors own 85.19% of the company's stock.

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AppFolio Price Performance

Shares of NASDAQ APPF traded up $2.72 during trading on Tuesday, reaching $217.49. 101,932 shares of the stock traded hands, compared to its average volume of 261,898. AppFolio, Inc. has a 52-week low of $189.01 and a 52-week high of $274.56. The company has a 50-day moving average of $221.18 and a 200-day moving average of $232.25. The stock has a market capitalization of $7.92 billion, a P/E ratio of 39.45 and a beta of 0.86.

AppFolio (NASDAQ:APPF - Get Free Report) last posted its quarterly 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 return on equity of 26.21% and a net margin of 25.69%. Analysts expect that AppFolio, Inc. will post 3.96 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

Insider Activity at AppFolio

In related news, insider Matthew S. Mazza sold 838 shares of AppFolio stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $255.30, for a total value of $213,941.40. Following the transaction, the insider now 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 through the SEC website. Also, CEO William Shane Trigg sold 3,501 shares of AppFolio stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $217.27, for a total value of $760,662.27. Following the completion of the transaction, the chief executive officer now directly owns 83,824 shares in the company, 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. 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.