Natixis Advisors LLC Has $6.07 Million Position in AppFolio, Inc. (NASDAQ:APPF)

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

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Tidal Investments LLC raised its stake in shares of AppFolio by 2.9% in the third quarter. Tidal Investments LLC now owns 1,425 shares of the software maker's stock worth $335,000 after acquiring an additional 40 shares during the last quarter. Exchange Traded Concepts LLC increased its holdings in shares of AppFolio by 6.6% in the fourth quarter. Exchange Traded Concepts LLC now owns 642 shares of the software maker's stock valued at $158,000 after purchasing an additional 40 shares in the last quarter. Independent Advisor Alliance raised its position in AppFolio by 2.1% in the 4th quarter. Independent Advisor Alliance now owns 2,607 shares of the software maker's stock worth $643,000 after purchasing an additional 53 shares during the last quarter. Nisa Investment Advisors LLC lifted its holdings in AppFolio by 11.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 616 shares of the software maker's stock worth $152,000 after buying an additional 65 shares in the last quarter. Finally, Jones Financial Companies Lllp increased its stake in shares of 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 buying an additional 93 shares during the period. Institutional investors and hedge funds own 85.19% of the company's stock.

Remove Ads

Analyst Upgrades and Downgrades

APPF has been the topic of several recent research reports. William Blair reiterated an "outperform" rating on shares of AppFolio in a report on Friday, January 31st. KeyCorp lowered shares of AppFolio from an "overweight" rating to a "sector weight" rating and set a $253.00 target price on the stock. in a research note on Friday, January 10th. Stephens reissued an "overweight" rating and set a $295.00 price target on shares of AppFolio in a research note on Friday, January 31st. Finally, Piper Sandler reaffirmed a "neutral" rating and issued a $265.00 price objective on shares of AppFolio in a research note on Friday, January 31st. One analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $276.29.

AppFolio Price Performance

Shares of APPF traded down $4.83 during midday trading on Wednesday, hitting $225.50. The stock had a trading volume of 362,368 shares, compared to its average volume of 268,768. The firm has a market cap of $8.21 billion, a price-to-earnings ratio of 40.63 and a beta of 0.89. The company has a 50 day simple moving average of $227.07 and a two-hundred day simple moving average of $232.51. AppFolio, Inc. has a twelve month low of $189.01 and a twelve month high of $274.56.

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

Insider Buying and Selling

In other AppFolio news, Director Alexander Wolf acquired 9,678 shares of AppFolio stock in a transaction dated Thursday, February 13th. The stock was bought at an average cost of $214.81 per share, for a total transaction of $2,078,931.18. Following the purchase, the director now directly owns 3,226 shares in the company, valued at approximately $692,977.06. This represents a -150.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO William Shane Trigg sold 3,501 shares of the firm'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 owns 83,824 shares of the company's stock, valued at approximately $18,212,440.48. This 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 currently owned by corporate 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.