400 Shares in AppFolio, Inc. (NASDAQ:APPF) Acquired by Venturi Wealth Management LLC

Venturi Wealth Management LLC purchased a new stake in shares of AppFolio, Inc. (NASDAQ:APPF) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 400 shares of the software maker’s stock, valued at approximately $99,000.

A number of other hedge funds have also modified their holdings of the company. State Street Corp grew its position in shares of AppFolio by 8.2% during the third quarter. State Street Corp now owns 653,136 shares of the software maker’s stock worth $153,748,000 after purchasing an additional 49,238 shares in the last quarter. Lord Abbett & CO. LLC boosted its stake in AppFolio by 82.2% in the 3rd quarter. Lord Abbett & CO. LLC now owns 459,285 shares of the software maker’s stock worth $108,116,000 after purchasing an additional 207,204 shares during the period. Geode Capital Management LLC boosted its holdings in shares of AppFolio by 8.6% during the 3rd quarter. Geode Capital Management LLC now owns 413,032 shares of the software maker’s stock valued at $97,252,000 after purchasing an additional 32,743 shares during the last quarter. DF Dent & Co. Inc. lifted its position in shares of AppFolio by 10.1% in the third quarter. DF Dent & Co. Inc. now owns 351,691 shares of the software maker’s stock worth $82,788,000 after buying an additional 32,181 shares in the last quarter. Finally, Franklin Resources Inc. boosted its stake in AppFolio by 31.2% during the third 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 last quarter. 85.19% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

APPF has been the subject of a number of analyst reports. William Blair reaffirmed an “outperform” rating on shares of AppFolio in a report on Friday, January 31st. Stephens reaffirmed an “overweight” rating and issued a $295.00 price objective on shares of AppFolio in a research note on Friday, January 31st. KeyCorp downgraded 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. Finally, 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. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $276.29.

AppFolio Stock Down 2.1 %

Shares of AppFolio stock opened at $211.66 on Monday. The firm has a market capitalization of $7.71 billion, a P/E ratio of 38.14 and a beta of 0.88. AppFolio, Inc. has a 52 week low of $189.01 and a 52 week high of $274.56. The company has a 50 day moving average price of $242.36 and a 200 day moving average price of $233.83.

AppFolio (NASDAQ:APPF) last released its earnings results on Thursday, January 30th. The software maker reported $0.58 EPS for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.34). AppFolio had a return on equity of 26.21% and a net margin of 25.69%. As a group, research analysts anticipate that AppFolio, Inc. will post 3.96 earnings per share for the current fiscal year.

Insider Transactions at AppFolio

In related news, Director Alexander Wolf acquired 9,678 shares of the stock in a transaction on Thursday, February 13th. The shares were acquired at an average price of $214.81 per share, for a total transaction of $2,078,931.18. Following the transaction, the director now owns 3,226 shares in the company, valued at approximately $692,977.06. This trade represents a -150.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO William Shane Trigg sold 4,145 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at approximately $19,401,944.24. This trade represents a 5.33 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 9,744 shares of company stock worth $2,387,894 over the last 90 days. 5.24% of the stock is currently owned by company 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.