Ieq Capital LLC Boosts Stock Holdings in AppFolio, Inc. (NASDAQ:APPF)

Ieq Capital LLC grew its position in shares of AppFolio, Inc. (NASDAQ:APPF) by 905.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 37,960 shares of the software maker’s stock after acquiring an additional 34,184 shares during the quarter. Ieq Capital LLC owned 0.10% of AppFolio worth $9,365,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently bought and sold shares of the company. Blue Trust Inc. boosted its holdings in AppFolio by 85.7% during the 3rd quarter. Blue Trust Inc. now owns 117 shares of the software maker’s stock worth $29,000 after acquiring an additional 54 shares during the last quarter. UMB Bank n.a. raised 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 valued at $41,000 after acquiring an additional 110 shares during the period. True Wealth Design LLC bought a new stake in AppFolio in the 3rd quarter valued at about $79,000. Advisors Asset Management Inc. grew its holdings in AppFolio by 56.6% during the 3rd quarter. Advisors Asset Management Inc. now owns 390 shares of the software maker’s stock valued at $92,000 after buying an additional 141 shares in the last quarter. Finally, Venturi Wealth Management LLC purchased a new position in shares of AppFolio during the fourth quarter worth about $99,000. 85.19% of the stock is owned by hedge funds and other institutional investors.

AppFolio Price Performance

Shares of APPF opened at $216.23 on Friday. The firm has a market cap of $7.87 billion, a P/E ratio of 38.96 and a beta of 0.88. The stock has a 50 day simple moving average of $243.31 and a two-hundred day simple moving average of $233.45. AppFolio, Inc. has a 1 year low of $189.01 and a 1 year high of $274.56.

AppFolio (NASDAQ:APPF) last issued its earnings results 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, equities analysts anticipate that AppFolio, Inc. will post 3.96 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have recently commented on APPF shares. Piper Sandler reissued a “neutral” rating and set a $265.00 price objective on shares of AppFolio in a report on Friday, January 31st. Stephens reissued an “overweight” rating and set a $295.00 price objective on shares of AppFolio in a report on Friday, January 31st. KeyCorp lowered AppFolio from an “overweight” rating to a “sector weight” rating and set a $253.00 price objective for the company. in a report on Friday, January 10th. Finally, William Blair reissued an “outperform” rating on shares of AppFolio in a report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $276.29.

Insider Buying and Selling at AppFolio

In related news, CEO William Shane Trigg sold 4,145 shares of the company’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $263.32, for a total transaction of $1,091,461.40. Following the completion of the transaction, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Scanlan Agnes Bundy sold 500 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $255.42, for a total value of $127,710.00. Following the transaction, the director now owns 5,416 shares of the company’s stock, valued at approximately $1,383,354.72. This represents a 8.45 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,321 shares of company stock worth $3,034,077. 5.24% of the stock is currently owned by insiders.

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.