Swiss National Bank Purchases 1,500 Shares of AppFolio, Inc. (NASDAQ:APPF)

Swiss National Bank boosted its position in AppFolio, Inc. (NASDAQ:APPF - Free Report) by 3.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 43,000 shares of the software maker's stock after acquiring an additional 1,500 shares during the quarter. Swiss National Bank owned 0.12% of AppFolio worth $10,609,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. KBC Group NV raised its stake in shares of AppFolio by 22.1% during the third quarter. KBC Group NV now owns 618 shares of the software maker's stock worth $145,000 after acquiring an additional 112 shares in the last quarter. Empowered Funds LLC lifted its stake in AppFolio by 3.0% in the third quarter. Empowered Funds LLC now owns 6,927 shares of the software maker's stock worth $1,631,000 after purchasing an additional 200 shares during the last quarter. Natixis Advisors LLC lifted its stake in AppFolio by 19.0% in the third quarter. Natixis Advisors LLC now owns 22,094 shares of the software maker's stock worth $5,201,000 after purchasing an additional 3,533 shares during the last quarter. Mutual of America Capital Management LLC boosted its position in AppFolio by 3.5% during the third quarter. Mutual of America Capital Management LLC now owns 12,434 shares of the software maker's stock valued at $2,927,000 after buying an additional 419 shares during the period. Finally, Quest Partners LLC bought a new position in shares of AppFolio during the third quarter valued at about $632,000. Hedge funds and other institutional investors own 85.19% of the company's stock.

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Analysts Set New Price Targets

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

Insider Buying and Selling 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 transaction of $760,662.27. Following the completion of the transaction, the chief executive officer now directly owns 83,824 shares in the company, valued at approximately $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 Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Alexander Wolf purchased 9,678 shares of the company's 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 completion of the transaction, the director now owns 3,226 shares in the company, valued at approximately $692,977.06. This represents a -150.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 5.24% of the company's stock.

AppFolio Stock Performance

APPF stock traded up $5.23 on Monday, reaching $220.60. The company's stock had a trading volume of 203,771 shares, compared to its average volume of 266,268. The firm has a market cap of $8.03 billion, a PE ratio of 39.75 and a beta of 0.89. The business has a fifty day simple moving average of $227.84 and a two-hundred day simple moving average of $232.51. AppFolio, Inc. has a 12-month low of $189.01 and a 12-month high of $274.56.

AppFolio (NASDAQ:APPF - Get Free Report) last posted 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 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 earnings per share for the current fiscal year.

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.