AppFolio, Inc. (NASDAQ:APPF) Shares Acquired by Teacher Retirement System of Texas

Teacher Retirement System of Texas boosted its holdings in shares of AppFolio, Inc. (NASDAQ:APPF - Free Report) by 99.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 20,553 shares of the software maker's stock after purchasing an additional 10,230 shares during the period. Teacher Retirement System of Texas owned approximately 0.06% of AppFolio worth $5,071,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of APPF. UMB Bank n.a. grew its position in AppFolio by 193.0% in the 4th quarter. UMB Bank n.a. now owns 167 shares of the software maker's stock valued at $41,000 after buying an additional 110 shares during the last quarter. Arcadia Investment Management Corp MI acquired a new stake in AppFolio in the fourth quarter valued at about $50,000. EverSource Wealth Advisors LLC boosted its holdings in AppFolio by 1,485.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 222 shares of the software maker's stock valued at $55,000 after purchasing an additional 208 shares in the last quarter. Jones Financial Companies Lllp increased its position in AppFolio by 60.4% during the 4th quarter. Jones Financial Companies Lllp now owns 247 shares of the software maker's stock worth $61,000 after purchasing an additional 93 shares during the period. Finally, Blue Trust Inc. raised its stake in shares of AppFolio by 126.5% during the 4th quarter. Blue Trust Inc. now owns 265 shares of the software maker's stock worth $62,000 after buying an additional 148 shares in the last quarter. 85.19% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

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Insider Transactions at AppFolio

In other news, Director Alexander Wolf bought 9,678 shares of the stock in a transaction on Thursday, February 13th. The stock was purchased at an average cost of $214.81 per share, with a total value of $2,078,931.18. Following the purchase, the director now owns 3,226 shares of the company's stock, valued at approximately $692,977.06. The trade was a -150.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, CEO William Shane Trigg sold 3,501 shares of the business's stock in a transaction on 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 transaction, the chief executive officer now owns 83,824 shares of the company's stock, valued at $18,212,440.48. This trade represents a 4.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 5.24% of the company's stock.

AppFolio Stock Down 0.1 %

Shares of AppFolio stock traded down $0.31 during trading on Thursday, hitting $225.19. 308,971 shares of the company were exchanged, compared to its average volume of 266,106. The firm has a 50 day moving average price of $226.53 and a 200 day moving average price of $232.46. The stock has a market capitalization of $8.20 billion, a price-to-earnings ratio of 40.57 and a beta of 0.89. AppFolio, Inc. has a fifty-two week low of $189.01 and a fifty-two week high of $274.56.

AppFolio (NASDAQ:APPF - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The software maker reported $0.58 EPS 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%. Analysts predict that AppFolio, Inc. will post 3.96 earnings per share for the current 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.