Natixis Advisors LLC Buys 2,504 Shares of AppFolio, Inc. (NASDAQ:APPF)

Natixis Advisors LLC boosted its stake in AppFolio, Inc. (NASDAQ:APPF) by 11.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,598 shares of the software maker’s stock after purchasing an additional 2,504 shares during the period. Natixis Advisors LLC’s holdings in AppFolio were worth $6,069,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in APPF. UMB Bank n.a. lifted 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 purchasing an additional 110 shares during the last quarter. Arcadia Investment Management Corp MI acquired a new position in AppFolio in the 4th quarter valued at approximately $50,000. EverSource Wealth Advisors LLC increased its position 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 acquiring an additional 208 shares during the period. Jones Financial Companies Lllp increased its position in AppFolio by 60.4% in the 4th quarter. Jones Financial Companies Lllp now owns 247 shares of the software maker’s stock valued at $61,000 after acquiring an additional 93 shares during the period. Finally, Blue Trust Inc. increased its position in AppFolio by 126.5% in the 4th quarter. Blue Trust Inc. now owns 265 shares of the software maker’s stock valued at $62,000 after acquiring an additional 148 shares during the period. Institutional investors own 85.19% of the company’s stock.

Insiders Place Their Bets

In other AppFolio news, insider Matthew S. Mazza sold 838 shares of the firm’s stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $255.30, for a total value of $213,941.40. Following the completion of the sale, the insider now directly owns 22,701 shares in the company, valued at approximately $5,795,565.30. This trade represents a 3.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO William Shane Trigg sold 3,501 shares of the firm’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $217.27, for a total transaction of $760,662.27. Following the completion of the transaction, the chief executive officer now directly owns 83,824 shares in the company, 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. Corporate insiders own 5.24% of the company’s stock.

Analysts Set New Price Targets

APPF has been the subject of several recent research reports. William Blair restated an “outperform” rating on shares of AppFolio in a research report on Friday, January 31st. Piper Sandler restated a “neutral” rating and issued a $265.00 price target on shares of AppFolio in a research report on Friday, January 31st. KeyCorp cut shares of AppFolio from an “overweight” rating to a “sector weight” rating and set a $253.00 price target for the company. in a research report on Friday, January 10th. Finally, Stephens restated an “overweight” rating and issued a $295.00 price target on shares of AppFolio in a research report on Friday, January 31st. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $276.29.

AppFolio Stock Down 0.1 %

APPF opened at $215.37 on Friday. AppFolio, Inc. has a twelve month low of $189.01 and a twelve month high of $274.56. The company has a fifty day moving average of $227.84 and a 200-day moving average of $232.45. The stock has a market cap of $7.84 billion, a PE ratio of 38.81 and a beta of 0.89.

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

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.