Federated Hermes Inc. Sells 23,680 Shares of AppFolio, Inc. (NASDAQ:APPF)

Federated Hermes Inc. cut its stake in shares of AppFolio, Inc. (NASDAQ:APPF) by 54.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,091 shares of the software maker’s stock after selling 23,680 shares during the period. Federated Hermes Inc. owned about 0.06% of AppFolio worth $4,957,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of APPF. UMB Bank n.a. lifted its position in shares of AppFolio by 193.0% during the fourth 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 in the last quarter. Arcadia Investment Management Corp MI purchased a new stake in AppFolio in the 4th quarter valued at about $50,000. Aster Capital Management DIFC Ltd lifted its position in shares of AppFolio by 10,300.0% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 208 shares of the software maker’s stock worth $51,000 after buying an additional 206 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of AppFolio by 1,485.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 222 shares of the software maker’s stock worth $55,000 after buying an additional 208 shares during the last quarter. Finally, Jones Financial Companies Lllp grew its holdings in shares of AppFolio by 60.4% in the fourth 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 in the last quarter. 85.19% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on APPF shares. Stephens reiterated an “overweight” rating and set a $295.00 price target on shares of AppFolio in a report on Friday, January 31st. KeyCorp cut AppFolio from an “overweight” rating to a “sector weight” rating and set a $253.00 target price on the stock. in a research note on Friday, January 10th. William Blair restated an “outperform” rating on shares of AppFolio in a research report on Friday, January 31st. Finally, Piper Sandler reaffirmed a “neutral” rating and issued a $265.00 price objective 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 assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $276.29.

Insider Activity

In other AppFolio news, CEO William Shane Trigg sold 3,501 shares of the stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 83,824 shares in the company, valued at $18,212,440.48. This represents a 4.01 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Matthew S. Mazza sold 838 shares of the business’s stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $255.30, for a total transaction of $213,941.40. Following the transaction, the insider now owns 22,701 shares of the company’s stock, valued at $5,795,565.30. This trade represents a 3.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.24% of the stock is owned by company insiders.

AppFolio Stock Up 0.5 %

NASDAQ APPF opened at $224.20 on Friday. The company has a market cap of $8.16 billion, a PE ratio of 40.40 and a beta of 0.86. AppFolio, Inc. has a 52 week low of $189.01 and a 52 week high of $274.56. The firm’s 50-day simple moving average is $218.26 and its two-hundred day simple moving average is $231.65.

AppFolio (NASDAQ:APPF) last announced its quarterly 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 net margin of 25.69% and a return on equity of 26.21%. As a group, equities research analysts anticipate that AppFolio, Inc. will post 3.96 EPS for the current 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.