AppFolio, Inc. (NASDAQ:APPF) Shares Bought by LVZ Inc.

LVZ Inc. lifted its holdings in AppFolio, Inc. (NASDAQ:APPF) by 20.5% during the fourth quarter, Holdings Channel reports. The fund owned 2,252 shares of the software maker’s stock after buying an additional 383 shares during the quarter. LVZ Inc.’s holdings in AppFolio were worth $556,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the business. UMB Bank n.a. lifted its holdings in shares of 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 buying an additional 110 shares during the period. Arcadia Investment Management Corp MI acquired a new stake in shares of AppFolio during the 4th quarter worth approximately $50,000. Jones Financial Companies Lllp increased its holdings in shares of AppFolio by 60.4% during the 4th quarter. Jones Financial Companies Lllp now owns 247 shares of the software maker’s stock valued at $61,000 after purchasing an additional 93 shares in the last quarter. Blue Trust Inc. lifted its stake in shares of 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 purchasing an additional 148 shares during the period. Finally, True Wealth Design LLC acquired a new stake in AppFolio during the third quarter valued at $79,000. Hedge funds and other institutional investors own 85.19% of the company’s stock.

Insiders Place Their Bets

In other AppFolio news, Director Alexander Wolf acquired 9,678 shares of the company’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 completion of the acquisition, the director now owns 3,226 shares of the company’s stock, valued at approximately $692,977.06. This trade represents a -150.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO William Shane Trigg sold 3,501 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $217.27, for a total transaction of $760,662.27. Following the sale, the chief executive officer now owns 83,824 shares in the company, valued at approximately $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. Insiders have sold 9,184 shares of company stock worth $2,244,915 over the last three months. Company insiders own 5.24% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on APPF. Stephens reissued an “overweight” rating and set a $295.00 target price 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 price objective on the stock. in a report on Friday, January 10th. William Blair reaffirmed 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 investment analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $276.29.

AppFolio Stock Up 2.3 %

Shares of NASDAQ APPF opened at $218.62 on Wednesday. The business’s 50 day moving average is $237.37 and its two-hundred day moving average is $233.71. AppFolio, Inc. has a 52-week low of $189.01 and a 52-week high of $274.56. The firm has a market cap of $7.96 billion, a price-to-earnings ratio of 39.39 and a beta of 0.88.

AppFolio (NASDAQ:APPF) last posted 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 net margin of 25.69% and a return on equity of 26.21%. 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.