AMI Asset Management Corp Sells 187 Shares of AppFolio, Inc. (NASDAQ:APPF)

AMI Asset Management Corp reduced its position in AppFolio, Inc. (NASDAQ:APPF) by 3.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,271 shares of the software maker’s stock after selling 187 shares during the quarter. AMI Asset Management Corp’s holdings in AppFolio were worth $1,301,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Tidal Investments LLC raised its holdings in shares of AppFolio by 2.9% in the third quarter. Tidal Investments LLC now owns 1,425 shares of the software maker’s stock worth $335,000 after buying an additional 40 shares during the period. Blue Trust Inc. increased its stake in AppFolio by 85.7% in the third quarter. Blue Trust Inc. now owns 117 shares of the software maker’s stock worth $29,000 after purchasing an additional 54 shares during the period. Northwest & Ethical Investments L.P. boosted its stake in shares of AppFolio by 16.0% during the third quarter. Northwest & Ethical Investments L.P. now owns 725 shares of the software maker’s stock valued at $171,000 after purchasing an additional 100 shares during the period. ProShare Advisors LLC grew its holdings in shares of AppFolio by 2.9% in the second quarter. ProShare Advisors LLC now owns 3,630 shares of the software maker’s stock worth $888,000 after purchasing an additional 102 shares during the last quarter. Finally, UMB Bank n.a. increased its stake in AppFolio by 193.0% in the 4th quarter. UMB Bank n.a. now owns 167 shares of the software maker’s stock worth $41,000 after buying an additional 110 shares during the period. Institutional investors own 85.19% of the company’s stock.

AppFolio Trading Down 0.1 %

APPF opened at $251.92 on Tuesday. The firm has a market cap of $9.15 billion, a price-to-earnings ratio of 70.17 and a beta of 0.87. AppFolio, Inc. has a 12 month low of $172.98 and a 12 month high of $274.56. The stock has a fifty day moving average price of $250.22 and a 200-day moving average price of $235.59.

AppFolio (NASDAQ:APPF) last released its quarterly earnings results on Thursday, October 24th. The software maker reported $1.29 earnings per share for the quarter, beating analysts’ consensus estimates of $1.03 by $0.26. The business had revenue of $206.00 million for the quarter, compared to analysts’ expectations of $199.11 million. AppFolio had a net margin of 17.26% and a return on equity of 30.64%. The company’s revenue was up 24.5% compared to the same quarter last year. During the same period last year, the business earned $0.26 EPS. On average, equities research analysts forecast that AppFolio, Inc. will post 3.2 EPS for the current year.

Insider Transactions at AppFolio

In other AppFolio news, insider Matthew S. Mazza sold 5,090 shares of the firm’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $236.24, for a total value of $1,202,461.60. Following the completion of the transaction, the insider now owns 28,266 shares of the company’s stock, valued at approximately $6,677,559.84. This trade represents a 15.26 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO William Shane Trigg sold 4,145 shares of the business’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $263.32, for a total transaction of $1,091,461.40. Following the sale, the chief executive officer now directly owns 73,682 shares in the company, valued at $19,401,944.24. This trade represents a 5.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 23,768 shares of company stock worth $5,744,891. Insiders own 5.24% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on APPF shares. Piper Sandler cut shares of AppFolio from an “overweight” rating to a “neutral” rating and set a $265.00 price objective for the company. in a research report on Monday, January 6th. KeyCorp cut AppFolio from an “overweight” rating to a “sector weight” rating and set a $253.00 price objective on the stock. in a research note on Friday, January 10th. Finally, Keefe, Bruyette & Woods cut AppFolio from a “market perform” rating to an “underperform” rating and lowered their target price for the stock from $255.00 to $193.00 in a report on Tuesday, October 15th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, AppFolio presently has a consensus rating of “Hold” and a consensus price target of $268.57.

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.