Cerity Partners LLC Grows Stake in AppFolio, Inc. (NASDAQ:APPF)

Cerity Partners LLC lifted its stake in shares of AppFolio, Inc. (NASDAQ:APPF) by 1.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,898 shares of the software maker’s stock after purchasing an additional 250 shares during the period. Cerity Partners LLC’s holdings in AppFolio were worth $3,664,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. UMB Bank n.a. grew its holdings in 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 during the period. Arcadia Investment Management Corp MI purchased a new position in shares of AppFolio during the 4th quarter valued at $50,000. Aster Capital Management DIFC Ltd grew its stake 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 acquiring an additional 206 shares during the period. EverSource Wealth Advisors LLC increased its holdings in 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 acquiring an additional 208 shares during the last quarter. Finally, Jones Financial Companies Lllp raised its stake in 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 acquiring an additional 93 shares during the period. Institutional investors own 85.19% of the company’s stock.

Analyst Ratings Changes

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

AppFolio Stock Performance

AppFolio stock opened at $224.20 on Monday. The stock has a market cap of $8.16 billion, a P/E ratio of 40.40 and a beta of 0.86. AppFolio, Inc. has a fifty-two week low of $189.01 and a fifty-two week high of $274.56. The firm’s fifty day moving average price is $218.26 and its 200-day moving average price is $231.62.

AppFolio (NASDAQ:APPF) last released 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%. Sell-side analysts predict that AppFolio, Inc. will post 3.96 earnings per share for the current year.

Insider Buying and Selling at AppFolio

In other news, insider Matthew S. Mazza sold 838 shares of the firm’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 sale, the insider now owns 22,701 shares in the company, valued at approximately $5,795,565.30. This trade represents a 3.56 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Alexander Wolf bought 9,678 shares of the business’s stock in a transaction that occurred on Thursday, February 13th. The stock was bought at an average price of $214.81 per share, with a total value of $2,078,931.18. Following the completion of the transaction, the director now directly owns 3,226 shares of the company’s stock, valued at $692,977.06. This represents a -150.00 % increase in their position. The disclosure for this purchase can be found here. 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.