XTX Topco Ltd Sells 720 Shares of AppFolio, Inc. (NASDAQ:APPF)

XTX Topco Ltd reduced its stake in AppFolio, Inc. (NASDAQ:APPF) by 29.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,730 shares of the software maker’s stock after selling 720 shares during the period. XTX Topco Ltd’s holdings in AppFolio were worth $427,000 as of its most recent filing with the Securities and Exchange Commission.

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

AppFolio Price Performance

AppFolio stock opened at $209.90 on Tuesday. The firm has a market capitalization of $7.64 billion, a price-to-earnings ratio of 37.82 and a beta of 0.86. The company’s 50 day simple moving average is $217.85 and its 200 day simple moving average is $231.14. AppFolio, Inc. has a fifty-two week low of $189.01 and a fifty-two week high of $274.56.

AppFolio (NASDAQ:APPF) last announced its quarterly earnings results 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%. As a group, analysts predict that AppFolio, Inc. will post 3.96 EPS for the current fiscal year.

Insider Activity at AppFolio

In other news, Director Alexander Wolf purchased 9,678 shares of the business’s stock in a transaction dated Thursday, February 13th. The shares were bought at an average cost of $214.81 per share, for a total transaction of $2,078,931.18. Following the completion of the acquisition, the director now directly owns 3,226 shares in the company, valued at approximately $692,977.06. This trade represents a -150.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO William Shane Trigg sold 3,501 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $217.27, for a total value of $760,662.27. Following the transaction, the chief executive officer now owns 83,824 shares of the company’s stock, valued at approximately $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 insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. William Blair reissued an “outperform” rating on shares of AppFolio in a report on Friday, January 31st. Stephens restated an “overweight” rating and set a $295.00 target price on shares of AppFolio in a report on Friday, January 31st. DA Davidson reduced their price target on shares of AppFolio from $300.00 to $275.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Piper Sandler restated a “neutral” rating and issued a $265.00 price objective on shares of AppFolio in a research report on Friday, January 31st. Finally, KeyCorp lowered shares of 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. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $272.71.

About AppFolio

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.