New Age Alpha Advisors LLC bought a new position in shares of AppFolio, Inc. (NASDAQ:APPF - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 5,062 shares of the software maker's stock, valued at approximately $1,249,000.
A number of other large investors have also recently bought and sold shares of APPF. Charles Schwab Investment Management Inc. boosted its holdings in shares of AppFolio by 15.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 176,815 shares of the software maker's stock valued at $41,622,000 after acquiring an additional 24,141 shares during the last quarter. Daiwa Securities Group Inc. acquired a new stake in AppFolio during the 3rd quarter worth about $282,000. Dynamic Technology Lab Private Ltd acquired a new stake in AppFolio during the 3rd quarter worth about $419,000. Bank of Montreal Can raised its stake in shares of AppFolio by 546.4% during the 3rd quarter. Bank of Montreal Can now owns 20,199 shares of the software maker's stock valued at $4,737,000 after buying an additional 17,074 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its holdings in shares of AppFolio by 5.3% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 19,130 shares of the software maker's stock valued at $4,503,000 after buying an additional 962 shares during the period. Hedge funds and other institutional investors own 85.19% of the company's stock.
Analyst Upgrades and Downgrades
Several analysts recently commented on the company. KeyCorp cut AppFolio from an "overweight" rating to a "sector weight" rating and set a $253.00 price target for the company. in a research report on Friday, January 10th. William Blair reiterated an "outperform" rating on shares of AppFolio in a research note on Friday, January 31st. Stephens reissued an "overweight" rating and set a $295.00 price target on shares of AppFolio in a report on Friday, January 31st. Finally, Piper Sandler reaffirmed a "neutral" rating and issued a $265.00 price objective 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 given a buy rating to the company's stock. According to data from MarketBeat.com, AppFolio currently has an average rating of "Hold" and an average target price of $276.29.
View Our Latest Report on AppFolio
AppFolio Trading Down 3.6 %
NASDAQ:APPF traded down $8.16 during trading hours on Friday, reaching $216.25. 370,541 shares of the company were exchanged, compared to its average volume of 260,656. The firm has a market cap of $7.87 billion, a PE ratio of 38.96 and a beta of 0.86. AppFolio, Inc. has a twelve month low of $189.01 and a twelve month high of $274.56. The stock's 50-day moving average is $221.98 and its 200-day moving average is $232.32.
AppFolio (NASDAQ:APPF - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The software maker reported $0.58 earnings per share 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 Activity
In other AppFolio news, CEO William Shane Trigg sold 3,501 shares of the stock in a transaction dated 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 sale, the chief executive officer now owns 83,824 shares in the company, valued at approximately $18,212,440.48. This represents a 4.01 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 transaction, the insider now owns 22,701 shares in the company, valued at approximately $5,795,565.30. This represents a 3.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 5.24% of the company's stock.
About AppFolio
(
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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