Sellaronda Global Management LP Invests $3.70 Million in AppFolio, Inc. (NASDAQ:APPF)

Sellaronda Global Management LP acquired a new stake in shares of AppFolio, Inc. (NASDAQ:APPF) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 15,000 shares of the software maker’s stock, valued at approximately $3,701,000. AppFolio makes up approximately 3.7% of Sellaronda Global Management LP’s investment portfolio, making the stock its 11th biggest holding.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in APPF. UMB Bank n.a. grew its stake in AppFolio by 193.0% during the 4th quarter. UMB Bank n.a. now owns 167 shares of the software maker’s stock worth $41,000 after buying an additional 110 shares during the last quarter. Arcadia Investment Management Corp MI purchased a new stake in shares of AppFolio during the fourth quarter worth about $50,000. Aster Capital Management DIFC Ltd grew its stake in shares of AppFolio by 10,300.0% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 208 shares of the software maker’s stock worth $51,000 after acquiring an additional 206 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of AppFolio by 1,485.7% during the fourth 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 in the last quarter. Finally, Jones Financial Companies Lllp raised its position in shares of 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 purchasing an additional 93 shares during the last quarter. Hedge funds and other institutional investors own 85.19% of the company’s stock.

Insider Transactions at AppFolio

In other news, CEO William Shane Trigg sold 3,501 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $217.27, for a total transaction of $760,662.27. Following the sale, the chief executive officer now directly owns 83,824 shares of the company’s stock, valued at $18,212,440.48. This represents a 4.01 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Matthew S. Mazza sold 838 shares of AppFolio stock in a transaction dated 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 transaction, the insider now owns 22,701 shares of the company’s stock, valued at approximately $5,795,565.30. This represents a 3.56 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 5.24% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Stephens reissued an “overweight” rating and set a $295.00 target price on shares of AppFolio in a research report 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. William Blair reaffirmed an “outperform” rating on shares of AppFolio in a research report on Friday, January 31st. Finally, Piper Sandler reissued 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 issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, AppFolio presently has a consensus rating of “Hold” and a consensus target price of $276.29.

AppFolio Stock Performance

NASDAQ:APPF opened at $214.77 on Tuesday. The firm’s fifty day moving average is $221.18 and its two-hundred day moving average is $232.25. The firm has a market cap of $7.82 billion, a price-to-earnings ratio of 38.70 and a beta of 0.86. AppFolio, Inc. has a one year low of $189.01 and a one year high of $274.56.

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

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.