Loomis Sayles & Co. L P acquired a new position in shares of AppFolio, Inc. (NASDAQ:APPF - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 2,936 shares of the software maker's stock, valued at approximately $724,000.
Other institutional investors and hedge funds have also modified their holdings of the company. Congress Wealth Management LLC DE purchased a new stake in shares of AppFolio during the 4th quarter worth about $226,000. Vanguard Group Inc. lifted its stake in AppFolio by 3.8% in the fourth quarter. Vanguard Group Inc. now owns 2,495,527 shares of the software maker's stock valued at $615,696,000 after acquiring an additional 91,174 shares during the last quarter. Stevens Capital Management LP bought a new stake in AppFolio in the fourth quarter worth approximately $202,000. KLP Kapitalforvaltning AS acquired a new position in shares of AppFolio during the 4th quarter worth $1,456,000. Finally, Sei Investments Co. raised its holdings in shares of AppFolio by 9.4% during the 4th quarter. Sei Investments Co. now owns 45,826 shares of the software maker's stock valued at $11,306,000 after purchasing an additional 3,935 shares in the last quarter. 85.19% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of equities research analysts recently issued reports on the stock. William Blair reiterated an "outperform" rating on shares of AppFolio in a report on Friday, January 31st. KeyCorp downgraded AppFolio from an "overweight" rating to a "sector weight" rating and set a $253.00 price objective on the stock. in a research note on Friday, January 10th. Piper Sandler restated a "neutral" rating and issued a $265.00 target price on shares of AppFolio in a report on Friday, January 31st. Finally, Stephens reiterated an "overweight" rating and set a $295.00 price target on shares of AppFolio in a report on Friday, January 31st. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $276.29.
View Our Latest Research Report on APPF
AppFolio Price Performance
Shares of AppFolio stock traded down $8.62 during midday trading on Thursday, hitting $219.01. The company had a trading volume of 100,512 shares, compared to its average volume of 258,157. The stock has a market cap of $7.97 billion, a PE ratio of 39.46 and a beta of 0.86. AppFolio, Inc. has a 1-year low of $189.01 and a 1-year high of $274.56. The business's 50 day simple moving average is $223.38 and its two-hundred day simple moving average is $232.45.
AppFolio (NASDAQ:APPF - Get Free Report) last posted its quarterly earnings data 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, sell-side analysts expect that AppFolio, Inc. will post 3.96 EPS for the current fiscal year.
Insiders Place Their Bets
In related news, insider Matthew S. Mazza sold 838 shares of the firm's stock in a transaction 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 completion of the transaction, the insider now directly owns 22,701 shares of the company's stock, valued at $5,795,565.30. This trade represents 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 hyperlink. Also, CEO William Shane Trigg sold 3,501 shares of AppFolio stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $217.27, for a total transaction of $760,662.27. Following the sale, the chief executive officer now owns 83,824 shares in the company, valued at $18,212,440.48. This represents a 4.01 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 5.24% of the company's stock.
AppFolio 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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