Entropy Technologies LP Has $1.44 Million Holdings in AppFolio, Inc. (NASDAQ:APPF)

Entropy Technologies LP increased its holdings in shares of AppFolio, Inc. (NASDAQ:APPF - Free Report) by 257.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,830 shares of the software maker's stock after acquiring an additional 4,200 shares during the quarter. Entropy Technologies LP's holdings in AppFolio were worth $1,438,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the business. Blue Trust Inc. lifted its holdings in AppFolio by 85.7% during the 3rd quarter. Blue Trust Inc. now owns 117 shares of the software maker's stock worth $29,000 after purchasing an additional 54 shares during the last quarter. UMB Bank n.a. increased its position in AppFolio by 193.0% during the 4th quarter. UMB Bank n.a. now owns 167 shares of the software maker's stock worth $41,000 after buying an additional 110 shares during the period. True Wealth Design LLC acquired a new stake in shares of AppFolio during the third quarter worth $79,000. Advisors Asset Management Inc. boosted its position in shares of AppFolio by 56.6% in the third quarter. Advisors Asset Management Inc. now owns 390 shares of the software maker's stock valued at $92,000 after acquiring an additional 141 shares during the period. Finally, Salem Investment Counselors Inc. acquired a new position in shares of AppFolio in the fourth quarter valued at about $123,000. Institutional investors own 85.19% of the company's stock.

Analyst Upgrades and Downgrades

APPF has been the subject of a number of recent research reports. Keefe, Bruyette & Woods downgraded shares of AppFolio from a "market perform" rating to an "underperform" rating and cut their price objective for the company from $255.00 to $193.00 in a report on Tuesday, October 15th. William Blair reissued an "outperform" rating on shares of AppFolio in a research report on Friday, January 31st. KeyCorp cut 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. Stephens reiterated an "overweight" rating and set a $295.00 target price on shares of AppFolio in a research report on Friday, January 31st. Finally, Piper Sandler restated a "neutral" rating and issued a $265.00 price target on shares of AppFolio in a research 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 issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $276.29.

Insider Activity at AppFolio

In other news, major shareholder Maurice J. Duca sold 2,510 shares of the business's stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $229.21, for a total transaction of $575,317.10. Following the sale, the insider now directly owns 2,459 shares in the company, valued at approximately $563,627.39. The trade was a 50.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Matthew S. Mazza sold 5,090 shares of the firm's stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $236.24, for a total transaction of $1,202,461.60. Following the completion of the transaction, the insider now owns 28,266 shares of the company's stock, valued at approximately $6,677,559.84. This trade represents a 15.26 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 23,680 shares of company stock valued at $5,746,741. 5.24% of the stock is owned by insiders.

AppFolio Stock Down 2.1 %

Shares of APPF traded down $4.58 during midday trading on Tuesday, hitting $218.50. The company's stock had a trading volume of 174,217 shares, compared to its average volume of 298,838. AppFolio, Inc. has a one year low of $189.01 and a one year high of $274.56. The stock has a market capitalization of $7.94 billion, a price-to-earnings ratio of 39.37 and a beta of 0.88. The company's fifty day simple moving average is $250.77 and its two-hundred day simple moving average is $233.93.

AppFolio (NASDAQ:APPF - Get Free Report) last released its quarterly earnings data 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%. On average, research analysts predict that AppFolio, Inc. will post 3.96 earnings per share for the current year.

About AppFolio

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.