Fuller & Thaler Asset Management Inc. Raises Stock Holdings in AppFolio, Inc. (NASDAQ:APPF)

Fuller & Thaler Asset Management Inc. raised its holdings in AppFolio, Inc. (NASDAQ:APPF - Free Report) by 8.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 185,132 shares of the software maker's stock after purchasing an additional 14,975 shares during the quarter. Fuller & Thaler Asset Management Inc. owned 0.51% of AppFolio worth $45,676,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Stifel Financial Corp raised its holdings in AppFolio by 45.0% in the 3rd quarter. Stifel Financial Corp now owns 1,853 shares of the software maker's stock valued at $436,000 after buying an additional 575 shares during the period. Barclays PLC raised its stake in shares of AppFolio by 20.5% in the 3rd quarter. Barclays PLC now owns 9,888 shares of the software maker's stock valued at $2,327,000 after acquiring an additional 1,681 shares during the period. Sanctuary Advisors LLC acquired a new position in shares of AppFolio in the 3rd quarter worth approximately $687,000. Tidal Investments LLC boosted its position in shares of AppFolio by 2.9% during the 3rd quarter. Tidal Investments LLC now owns 1,425 shares of the software maker's stock worth $335,000 after purchasing an additional 40 shares during the period. Finally, Franklin Resources Inc. increased its holdings in AppFolio by 31.2% in the 3rd quarter. Franklin Resources Inc. now owns 228,655 shares of the software maker's stock valued at $51,800,000 after purchasing an additional 54,386 shares during the last quarter. Institutional investors and hedge funds own 85.19% of the company's stock.

Insiders Place Their Bets

In other AppFolio news, Director Alexander Wolf bought 9,678 shares of the business's stock in a transaction dated Thursday, February 13th. The shares were acquired at an average price of $214.81 per share, with a total value of $2,078,931.18. Following the transaction, the director now owns 3,226 shares of the company's stock, valued at approximately $692,977.06. The trade was a -150.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO William Shane Trigg sold 3,501 shares of the company'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 transaction, the chief executive officer now directly 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. 5.24% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on APPF. Stephens reaffirmed an "overweight" rating and issued a $295.00 price objective on shares of AppFolio in a research note on Friday, January 31st. Keefe, Bruyette & Woods cut their price target on shares of AppFolio from $210.00 to $205.00 and set an "underweight" rating on the stock in a research note on Friday. William Blair reissued an "outperform" rating on shares of AppFolio in a research note on Friday, January 31st. Piper Sandler restated a "neutral" rating and issued a $265.00 price objective on shares of AppFolio in a report on Wednesday. Finally, DA Davidson reduced their target price on shares of AppFolio from $300.00 to $275.00 and set a "buy" rating on the stock in a report on Monday, April 14th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $274.43.

AppFolio Price Performance

Shares of APPF stock traded down $42.63 during trading hours on Friday, reaching $192.02. 1,561,884 shares of the stock were exchanged, compared to its average volume of 267,347. AppFolio, Inc. has a 12-month low of $189.01 and a 12-month high of $274.56. The business's fifty day moving average is $218.06 and its two-hundred day moving average is $230.91. The firm has a market capitalization of $6.99 billion, a P/E ratio of 34.60 and a beta of 0.86.

AppFolio (NASDAQ:APPF - Get Free Report) last announced its quarterly earnings data 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%. As a group, equities research analysts predict that AppFolio, Inc. will post 3.96 earnings per share for the current fiscal year.

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.