Natixis Advisors LLC Acquires 2,504 Shares of AppFolio, Inc. (NASDAQ:APPF)

Natixis Advisors LLC increased its stake in AppFolio, Inc. (NASDAQ:APPF - Free Report) by 11.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 24,598 shares of the software maker's stock after acquiring an additional 2,504 shares during the quarter. Natixis Advisors LLC owned approximately 0.07% of AppFolio worth $6,069,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. UMB Bank n.a. boosted its stake in AppFolio by 193.0% in the 4th quarter. UMB Bank n.a. now owns 167 shares of the software maker's stock worth $41,000 after purchasing an additional 110 shares during the period. Arcadia Investment Management Corp MI purchased a new stake in shares of AppFolio in the fourth quarter valued at $50,000. EverSource Wealth Advisors LLC boosted its position 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 worth $55,000 after buying an additional 208 shares during the period. Jones Financial Companies Lllp grew its holdings in shares of AppFolio by 60.4% during the fourth quarter. Jones Financial Companies Lllp now owns 247 shares of the software maker's stock valued at $61,000 after buying an additional 93 shares in the last quarter. Finally, Blue Trust Inc. raised its position in AppFolio by 126.5% during the fourth quarter. Blue Trust Inc. now owns 265 shares of the software maker's stock valued at $62,000 after buying an additional 148 shares during the period. 85.19% of the stock is owned by institutional investors and hedge funds.

AppFolio Stock Up 4.4 %

APPF stock traded up $9.73 during trading hours on Tuesday, hitting $230.33. The company's stock had a trading volume of 690,434 shares, compared to its average volume of 266,735. The stock has a 50 day moving average price of $227.07 and a two-hundred day moving average price of $232.51. AppFolio, Inc. has a 12 month low of $189.01 and a 12 month high of $274.56. The company has a market capitalization of $8.39 billion, a PE ratio of 41.50 and a beta of 0.89.

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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 analysts' consensus estimates of $0.92 by ($0.34). AppFolio had a return on equity of 26.21% and a net margin of 25.69%. Sell-side analysts expect that AppFolio, Inc. will post 3.96 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have weighed in on APPF. Stephens reaffirmed an "overweight" rating and set a $295.00 target price on shares of AppFolio in a research note on Friday, January 31st. Piper Sandler restated a "neutral" rating and set a $265.00 price target on shares of AppFolio in a report on Friday, January 31st. William Blair reiterated an "outperform" rating on shares of AppFolio in a research note on Friday, January 31st. Finally, KeyCorp downgraded shares of AppFolio from an "overweight" rating to a "sector weight" rating and set a $253.00 target price for the company. in a research report on Friday, January 10th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $276.29.

Insider Activity at AppFolio

In other news, CEO William Shane Trigg sold 3,501 shares of AppFolio 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 transaction, the chief executive officer now 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Alexander Wolf acquired 9,678 shares of the firm's stock in a transaction that occurred on Thursday, February 13th. The shares were purchased at an average cost of $214.81 per share, with a total value of $2,078,931.18. Following the completion of the acquisition, the director now owns 3,226 shares in the company, valued at $692,977.06. This trade represents a -150.00 % increase in their position. The disclosure for this purchase can be found here. 5.24% of the stock is owned by company 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.