Schroder Investment Management Group Reduces Stake in AppFolio, Inc. (NASDAQ:APPF)

Schroder Investment Management Group decreased its holdings in shares of AppFolio, Inc. (NASDAQ:APPF - Free Report) by 63.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,722 shares of the software maker's stock after selling 4,775 shares during the quarter. Schroder Investment Management Group's holdings in AppFolio were worth $673,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Tidal Investments LLC increased its position in shares of AppFolio by 2.9% during the 3rd quarter. Tidal Investments LLC now owns 1,425 shares of the software maker's stock valued at $335,000 after purchasing an additional 40 shares during the last quarter. Exchange Traded Concepts LLC boosted its stake in AppFolio by 6.6% during the fourth quarter. Exchange Traded Concepts LLC now owns 642 shares of the software maker's stock worth $158,000 after buying an additional 40 shares during the period. Independent Advisor Alliance increased its position in AppFolio by 2.1% during the fourth quarter. Independent Advisor Alliance now owns 2,607 shares of the software maker's stock valued at $643,000 after acquiring an additional 53 shares during the last quarter. Nisa Investment Advisors LLC raised its stake in shares of AppFolio by 11.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 616 shares of the software maker's stock valued at $152,000 after acquiring an additional 65 shares during the period. Finally, Jones Financial Companies Lllp lifted its holdings 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 worth $61,000 after acquiring an additional 93 shares during the last quarter. Institutional investors own 85.19% of the company's stock.

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AppFolio Trading Up 0.5 %

Shares of APPF traded up $1.16 during midday trading on Friday, reaching $224.20. 223,697 shares of the stock were exchanged, compared to its average volume of 265,074. The company has a market capitalization of $8.16 billion, a P/E ratio of 40.40 and a beta of 0.86. AppFolio, Inc. has a 52 week low of $189.01 and a 52 week high of $274.56. The company's 50 day moving average is $218.26 and its two-hundred day moving average is $231.65.

AppFolio (NASDAQ:APPF - Get Free Report) last issued its earnings results 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 year.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Piper Sandler reissued a "neutral" rating and issued a $265.00 price objective on shares of AppFolio in a research note on Friday, January 31st. Stephens restated an "overweight" rating and set a $295.00 price objective on shares of AppFolio in a report on Friday, January 31st. KeyCorp lowered 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. Finally, William Blair reiterated an "outperform" rating on shares of AppFolio in a research report on Friday, January 31st. One equities research 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. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $276.29.

Insider Activity at AppFolio

In other news, insider Matthew S. Mazza sold 838 shares of the company's stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $255.30, for a total transaction of $213,941.40. Following the transaction, the insider now directly owns 22,701 shares of the company's stock, valued at approximately $5,795,565.30. This represents a 3.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO William Shane Trigg sold 3,501 shares of the firm's stock in a transaction 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 of the company's stock, valued at $18,212,440.48. The trade was a 4.01 % decrease in their position. The disclosure for this sale can be found here. 5.24% of the stock is currently owned by corporate insiders.

About AppFolio

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.