Intech Investment Management LLC Makes New Investment in AppFolio, Inc. (NASDAQ:APPF)

Intech Investment Management LLC bought a new position in shares of AppFolio, Inc. (NASDAQ:APPF - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 15,629 shares of the software maker's stock, valued at approximately $3,856,000.

A number of other institutional investors have also recently modified their holdings of the business. UMB Bank n.a. boosted its position in AppFolio by 193.0% during the fourth quarter. UMB Bank n.a. now owns 167 shares of the software maker's stock worth $41,000 after purchasing an additional 110 shares in the last quarter. Arcadia Investment Management Corp MI purchased a new position in shares of AppFolio during the 4th quarter valued at approximately $50,000. EverSource Wealth Advisors LLC grew its stake in AppFolio by 1,485.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 222 shares of the software maker's stock valued at $55,000 after acquiring an additional 208 shares during the period. Jones Financial Companies Lllp grew 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 acquiring an additional 93 shares during the period. Finally, Blue Trust Inc. increased its holdings in AppFolio by 126.5% in the 4th quarter. Blue Trust Inc. now owns 265 shares of the software maker's stock worth $62,000 after acquiring an additional 148 shares in the last quarter. 85.19% of the stock is currently owned by institutional investors and hedge funds.

AppFolio Stock Performance

Shares of NASDAQ APPF traded up $5.23 during midday trading on Monday, reaching $220.60. 203,771 shares of the stock were exchanged, compared to its average volume of 266,268. AppFolio, Inc. has a twelve month low of $189.01 and a twelve month high of $274.56. The stock has a market capitalization of $8.03 billion, a P/E ratio of 39.75 and a beta of 0.89. The company has a 50 day simple moving average of $227.84 and a 200 day simple moving average of $232.51.

Remove Ads

AppFolio (NASDAQ:APPF - Get Free Report) last posted its earnings results on Thursday, January 30th. The software maker reported $0.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.34). AppFolio had a return on equity of 26.21% and a net margin of 25.69%. On average, research analysts expect that AppFolio, Inc. will post 3.96 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on APPF shares. Stephens reiterated an "overweight" rating and issued a $295.00 target price 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 price target on the stock. in a research note on Friday, January 10th. William Blair reaffirmed an "outperform" rating on shares of AppFolio in a research note on Friday, January 31st. Finally, Piper Sandler reissued a "neutral" rating and issued a $265.00 target price on shares of AppFolio in a research note on Friday, January 31st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $276.29.

Insider Activity at AppFolio

In other AppFolio news, insider Matthew S. Mazza sold 838 shares of the business's stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $255.30, for a total value of $213,941.40. Following the sale, the insider now owns 22,701 shares of the company's stock, valued at $5,795,565.30. The trade was a 3.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Alexander Wolf purchased 9,678 shares of the firm's stock in a transaction on Thursday, February 13th. The shares were purchased at an average price of $214.81 per share, for a total transaction of $2,078,931.18. Following the completion of the purchase, the director now directly owns 3,226 shares of the company's stock, valued at $692,977.06. This represents a -150.00 % increase in their ownership of the stock. The disclosure for this purchase 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.