SYM FINANCIAL Corp acquired a new stake in AppFolio, Inc. (NASDAQ:APPF - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The firm acquired 1,182 shares of the software maker's stock, valued at approximately $292,000.
Several other institutional investors also recently modified their holdings of the business. Chicago Partners Investment Group LLC bought a new position in AppFolio in the 4th quarter valued at $257,000. KBC Group NV increased its position in shares of AppFolio by 65.5% in the fourth quarter. KBC Group NV now owns 1,023 shares of the software maker's stock valued at $252,000 after acquiring an additional 405 shares during the period. Blue Trust Inc. increased its holdings in AppFolio by 126.5% during the 4th quarter. Blue Trust Inc. now owns 265 shares of the software maker's stock valued at $62,000 after purchasing an additional 148 shares during the period. Linden Thomas Advisory Services LLC lifted its stake in AppFolio by 21.4% in the fourth quarter. Linden Thomas Advisory Services LLC now owns 1,293 shares of the software maker's stock worth $319,000 after acquiring an additional 228 shares during the period. Finally, Exchange Traded Concepts LLC lifted its position in shares of AppFolio by 6.6% in the 4th quarter. Exchange Traded Concepts LLC now owns 642 shares of the software maker's stock worth $158,000 after purchasing an additional 40 shares during the period. 85.19% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of equities analysts have weighed in on the stock. William Blair reaffirmed an "outperform" rating on shares of AppFolio in a research note on Friday, January 31st. Keefe, Bruyette & Woods lowered shares of AppFolio from a "market perform" rating to an "underperform" rating and decreased their target price for the company from $255.00 to $193.00 in a research note on Tuesday, October 15th. Stephens reiterated an "overweight" rating and issued a $295.00 price target on shares of AppFolio in a research report on Friday, January 31st. 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. Finally, KeyCorp lowered shares of AppFolio from an "overweight" rating to a "sector weight" rating and set a $253.00 target price for the company. in a research report on Friday, January 10th. One analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $276.29.
Read Our Latest Research Report on APPF
Insider Buying and Selling at AppFolio
In other news, CEO William Shane Trigg sold 4,145 shares of the stock in a transaction on Friday, December 6th. The shares were sold at an average price of $263.32, for a total value of $1,091,461.40. Following the sale, the chief executive officer now owns 73,682 shares in the company, valued at $19,401,944.24. This represents a 5.33 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Matthew S. Mazza sold 926 shares of the business's stock in a transaction on Monday, November 11th. The shares were sold at an average price of $229.04, for a total transaction of $212,091.04. Following the transaction, the insider now owns 33,819 shares of the company's stock, valued at $7,745,903.76. This represents a 2.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 24,606 shares of company stock worth $5,958,832. 5.24% of the stock is owned by corporate insiders.
AppFolio Trading Down 1.8 %
Shares of APPF traded down $4.04 during midday trading on Thursday, hitting $226.55. 343,704 shares of the company's stock traded hands, compared to its average volume of 304,646. The stock has a market capitalization of $8.23 billion, a price-to-earnings ratio of 40.82 and a beta of 0.88. AppFolio, Inc. has a 1 year low of $189.01 and a 1 year high of $274.56. The firm's fifty day moving average is $252.04 and its 200-day moving average is $234.91.
AppFolio (NASDAQ:APPF - Get Free Report) last issued 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%. On average, equities research analysts anticipate that AppFolio, Inc. will post 4.21 EPS for the current year.
AppFolio Profile
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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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