AppFolio, Inc. (NASDAQ:APPF) Shares Acquired by South Dakota Investment Council

South Dakota Investment Council increased its position in shares of AppFolio, Inc. (NASDAQ:APPF - Free Report) by 94.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,500 shares of the software maker's stock after acquiring an additional 1,700 shares during the quarter. South Dakota Investment Council's holdings in AppFolio were worth $864,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the stock. Delap Wealth Advisory LLC acquired a new stake in shares of AppFolio in the fourth quarter worth $201,000. Arcadia Investment Management Corp MI purchased a new position in AppFolio during the fourth quarter valued at $50,000. ING Groep NV purchased a new position in AppFolio during the fourth quarter valued at $962,000. Handelsbanken Fonder AB lifted its holdings in AppFolio by 22.7% during the fourth quarter. Handelsbanken Fonder AB now owns 5,400 shares of the software maker's stock valued at $1,332,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Ieq Capital LLC lifted its holdings in AppFolio by 905.3% during the fourth quarter. Ieq Capital LLC now owns 37,960 shares of the software maker's stock valued at $9,365,000 after purchasing an additional 34,184 shares in the last quarter. Institutional investors and hedge funds own 85.19% of the company's stock.

Insider Buying and Selling at AppFolio

In other AppFolio news, Director Alexander Wolf acquired 9,678 shares of the stock in a transaction dated Thursday, February 13th. The stock was acquired at an average price of $214.81 per share, with a total value of $2,078,931.18. Following the completion of the purchase, 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO William Shane Trigg sold 4,145 shares of AppFolio stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $263.32, for a total transaction of $1,091,461.40. Following the completion of the transaction, the chief executive officer now owns 73,682 shares of the company's stock, valued at $19,401,944.24. This represents a 5.33 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 9,684 shares of company stock worth $2,372,625 over the last three months. Insiders own 5.24% of the company's stock.

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AppFolio Stock Down 0.7 %

Shares of APPF traded down $1.59 during trading on Thursday, reaching $211.64. 215,801 shares of the company traded hands, compared to its average volume of 291,813. AppFolio, Inc. has a twelve month low of $189.01 and a twelve month high of $274.56. The stock has a market cap of $7.70 billion, a PE ratio of 38.13 and a beta of 0.88. The stock has a 50-day simple moving average of $239.62 and a 200-day simple moving average of $233.67.

AppFolio (NASDAQ:APPF - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The software maker reported $0.58 earnings per share for the quarter, missing analysts' consensus estimates of $0.92 by ($0.34). AppFolio had a net margin of 25.69% and a return on equity of 26.21%. On average, equities research analysts predict that AppFolio, Inc. will post 3.96 EPS for the current year.

Analyst Ratings Changes

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

AppFolio 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.