AppFolio, Inc. (NASDAQ:APPF) Stock Holdings Decreased by Northwest & Ethical Investments L.P.

Northwest & Ethical Investments L.P. lessened its position in AppFolio, Inc. (NASDAQ:APPF) by 37.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 450 shares of the software maker’s stock after selling 275 shares during the quarter. Northwest & Ethical Investments L.P.’s holdings in AppFolio were worth $111,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Lord Abbett & CO. LLC increased its holdings in shares of AppFolio by 82.2% in the 3rd quarter. Lord Abbett & CO. LLC now owns 459,285 shares of the software maker’s stock valued at $108,116,000 after purchasing an additional 207,204 shares during the period. Raymond James Financial Inc. purchased a new position in AppFolio during the fourth quarter valued at approximately $30,195,000. Deepwater Asset Management LLC acquired a new position in AppFolio in the 4th quarter valued at approximately $15,483,000. FMR LLC lifted its position in AppFolio by 998.0% in the 3rd quarter. FMR LLC now owns 60,894 shares of the software maker’s stock worth $14,334,000 after buying an additional 55,348 shares in the last quarter. Finally, Franklin Resources Inc. boosted its stake in shares of AppFolio by 31.2% during the 3rd quarter. Franklin Resources Inc. now owns 228,655 shares of the software maker’s stock valued at $51,800,000 after buying an additional 54,386 shares during the period. Institutional investors and hedge funds own 85.19% of the company’s stock.

AppFolio Stock Down 0.1 %

Shares of AppFolio stock opened at $215.37 on Friday. AppFolio, Inc. has a 12-month low of $189.01 and a 12-month high of $274.56. The stock has a market capitalization of $7.84 billion, a P/E ratio of 38.81 and a beta of 0.89. The stock has a 50 day moving average price of $227.84 and a two-hundred day moving average price of $232.47.

AppFolio (NASDAQ:APPF) last posted its earnings results on Thursday, January 30th. The software maker reported $0.58 earnings per share (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%. Sell-side analysts anticipate that AppFolio, Inc. will post 3.96 earnings per share for the current year.

Wall Street Analyst Weigh In

APPF has been the topic of a number of research reports. Stephens reaffirmed an “overweight” rating and issued a $295.00 price target on shares of AppFolio in a research note on Friday, January 31st. KeyCorp lowered AppFolio from an “overweight” rating to a “sector weight” rating and set a $253.00 target price on the stock. in a research report on Friday, January 10th. William Blair reiterated an “outperform” rating on shares of AppFolio in a report on Friday, January 31st. Finally, Piper Sandler restated a “neutral” rating and issued a $265.00 price objective on shares of AppFolio in a report 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 stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $276.29.

Insider Activity

In other AppFolio news, Director Alexander Wolf bought 9,678 shares of the firm’s stock in a transaction that occurred on Thursday, February 13th. The stock was purchased at an average price of $214.81 per share, for a total transaction of $2,078,931.18. Following the purchase, the director now directly owns 3,226 shares in the company, valued at $692,977.06. This trade represents a -150.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Matthew S. Mazza sold 838 shares of AppFolio stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $255.30, for a total value of $213,941.40. Following the completion of the transaction, the insider now directly owns 22,701 shares in the company, valued at approximately $5,795,565.30. This represents a 3.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.24% of the stock is currently owned by company insiders.

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.