LPL Financial LLC reduced its holdings in shares of AppFolio, Inc. (NASDAQ:APPF - Free Report) by 42.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,447 shares of the software maker's stock after selling 3,265 shares during the quarter. LPL Financial LLC's holdings in AppFolio were worth $1,097,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of APPF. UMB Bank n.a. boosted its stake in shares of AppFolio by 193.0% in the fourth quarter. UMB Bank n.a. now owns 167 shares of the software maker's stock valued at $41,000 after purchasing an additional 110 shares during the period. Arcadia Investment Management Corp MI purchased a new position in shares of AppFolio in the fourth quarter valued at $50,000. EverSource Wealth Advisors LLC boosted its stake in shares of AppFolio by 1,485.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 222 shares of the software maker's stock valued at $55,000 after purchasing an additional 208 shares during the period. Jones Financial Companies Lllp boosted its stake in shares of AppFolio by 60.4% in the fourth 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 period. Finally, Blue Trust Inc. boosted its stake in shares of AppFolio by 126.5% in the fourth quarter. Blue Trust Inc. now owns 265 shares of the software maker's stock valued at $62,000 after purchasing an additional 148 shares during the period. 85.19% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of research firms have commented on APPF. DA Davidson reduced their price objective on shares of AppFolio from $300.00 to $275.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Piper Sandler reiterated a "neutral" rating and set a $265.00 price objective on shares of AppFolio in a research note on Wednesday. Stephens reiterated an "overweight" rating and set a $295.00 price objective on shares of AppFolio in a research note on Friday, January 31st. KeyCorp cut shares of AppFolio from an "overweight" rating to a "sector weight" rating and set a $253.00 target price on the stock. in a report on Friday, January 10th. Finally, William Blair reissued an "outperform" rating on shares of AppFolio in a report on Friday, January 31st. One analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $272.71.
View Our Latest Analysis on APPF
AppFolio Stock Performance
Shares of NASDAQ:APPF traded up $2.72 during trading hours on Thursday, hitting $228.38. The stock had a trading volume of 30,756 shares, compared to its average volume of 263,802. The stock's fifty day simple moving average is $218.12 and its 200 day simple moving average is $231.02. The firm has a market capitalization of $8.31 billion, a price-to-earnings ratio of 41.29 and a beta of 0.86. AppFolio, Inc. has a 1-year low of $189.01 and a 1-year high of $274.56.
AppFolio (NASDAQ:APPF - Get Free Report) last issued 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%. As a group, research analysts anticipate that AppFolio, Inc. will post 3.96 EPS for the current year.
Insider Transactions at AppFolio
In other AppFolio news, CEO William Shane Trigg sold 3,501 shares of the company's 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 sale, the chief executive officer now directly owns 83,824 shares in the company, valued at $18,212,440.48. This represents a 4.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Alexander Wolf bought 9,678 shares of the business's stock in a transaction on Thursday, February 13th. The stock was purchased at an average price of $214.81 per share, with a total value of $2,078,931.18. Following the completion of the transaction, the director now directly owns 3,226 shares of the company's stock, valued at $692,977.06. This trade represents a -150.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 5.24% of the company's stock.
About AppFolio
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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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