AppFolio, Inc. (NASDAQ:APPF) Shares Bought by Aster Capital Management DIFC Ltd

Aster Capital Management DIFC Ltd grew its holdings in AppFolio, Inc. (NASDAQ:APPF) by 10,300.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 208 shares of the software maker’s stock after purchasing an additional 206 shares during the quarter. Aster Capital Management DIFC Ltd’s holdings in AppFolio were worth $51,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. JPMorgan Chase & Co. grew its stake in shares of AppFolio by 3.3% in the third quarter. JPMorgan Chase & Co. now owns 161,278 shares of the software maker’s stock worth $37,965,000 after acquiring an additional 5,077 shares in the last quarter. South Dakota Investment Council increased its stake in shares of AppFolio by 94.4% during the fourth quarter. South Dakota Investment Council now owns 3,500 shares of the software maker’s stock worth $864,000 after acquiring an additional 1,700 shares during the period. SYM FINANCIAL Corp acquired a new position in shares of AppFolio during the fourth quarter worth about $292,000. Bryce Point Capital LLC acquired a new position in AppFolio during the fourth quarter worth about $1,392,000. Finally, Sei Investments Co. grew its position in AppFolio by 9.4% during the fourth quarter. Sei Investments Co. now owns 45,826 shares of the software maker’s stock worth $11,306,000 after buying an additional 3,935 shares during the period. Institutional investors and hedge funds own 85.19% of the company’s stock.

Wall Street Analysts Forecast Growth

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

AppFolio Stock Up 9.7 %

Shares of AppFolio stock opened at $228.54 on Thursday. The stock’s fifty day moving average is $218.72 and its 200-day moving average is $231.82. The firm has a market capitalization of $8.32 billion, a PE ratio of 41.18 and a beta of 0.86. AppFolio, Inc. has a 12-month low of $189.01 and a 12-month high of $274.56.

AppFolio (NASDAQ:APPF) last posted its quarterly earnings results 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 net margin of 25.69% and a return on equity of 26.21%. Analysts expect that AppFolio, Inc. will post 3.96 EPS for the current year.

Insider Transactions at AppFolio

In other AppFolio news, Director Alexander Wolf purchased 9,678 shares of the company’s stock in a transaction that occurred on Thursday, February 13th. The stock was purchased at an average cost of $214.81 per share, with a total value of $2,078,931.18. Following the acquisition, the director now directly 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 filing with the SEC, which is available through this link. Also, CEO William Shane Trigg sold 3,501 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $217.27, for a total value of $760,662.27. Following the completion of the transaction, the chief executive officer now owns 83,824 shares in the company, valued at $18,212,440.48. The trade was a 4.01 % 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 corporate 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.