Savant Capital LLC Has $2.12 Million Stock Holdings in AppFolio, Inc. (NASDAQ:APPF)

Savant Capital LLC reduced its position in AppFolio, Inc. (NASDAQ:APPF) by 11.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 8,601 shares of the software maker’s stock after selling 1,141 shares during the period. Savant Capital LLC’s holdings in AppFolio were worth $2,122,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the company. Entropy Technologies LP raised its holdings in AppFolio by 257.7% during the 4th quarter. Entropy Technologies LP now owns 5,830 shares of the software maker’s stock worth $1,438,000 after purchasing an additional 4,200 shares during the last quarter. Retirement Systems of Alabama lifted its holdings in AppFolio by 0.4% in the fourth quarter. Retirement Systems of Alabama now owns 28,064 shares of the software maker’s stock valued at $6,924,000 after buying an additional 114 shares during the period. Deepwater Asset Management LLC bought a new position in AppFolio in the fourth quarter valued at approximately $15,483,000. SYM FINANCIAL Corp acquired a new stake in AppFolio during the 4th quarter worth $292,000. Finally, Chicago Partners Investment Group LLC bought a new stake in shares of AppFolio during the 4th quarter valued at $257,000. Institutional investors own 85.19% of the company’s stock.

Insider Transactions at AppFolio

In other news, major shareholder Maurice J. Duca sold 2,510 shares of the business’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $229.21, for a total value of $575,317.10. Following the sale, the insider now owns 2,459 shares of the company’s stock, valued at $563,627.39. The trade was a 50.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Scanlan Agnes Bundy sold 500 shares of the firm’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $255.42, for a total transaction of $127,710.00. Following the completion of the transaction, the director now directly owns 5,416 shares of the company’s stock, valued at approximately $1,383,354.72. This trade represents a 8.45 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 18,590 shares of company stock valued at $4,544,279 over the last three months. Company insiders own 5.24% of the company’s stock.

AppFolio Stock Performance

NASDAQ APPF opened at $213.64 on Thursday. The stock has a market cap of $7.76 billion, a price-to-earnings ratio of 38.49 and a beta of 0.88. The business has a 50 day simple moving average of $248.82 and a 200 day simple moving average of $233.70. AppFolio, Inc. has a 52-week low of $189.01 and a 52-week high of $274.56.

AppFolio (NASDAQ:APPF) last issued its quarterly earnings data on Thursday, January 30th. The software maker reported $0.58 earnings per share (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%. On average, analysts predict that AppFolio, Inc. will post 3.96 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on APPF shares. William Blair restated an “outperform” rating on shares of AppFolio in a research report on Friday, January 31st. Stephens restated an “overweight” rating and set a $295.00 target price on shares of AppFolio in a report on Friday, January 31st. KeyCorp cut AppFolio from an “overweight” rating to a “sector weight” rating and set a $253.00 price target for the company. in a research note on Friday, January 10th. Finally, Piper Sandler reissued a “neutral” rating and set a $265.00 price objective on shares of AppFolio in a research note 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target 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.