AppFolio, Inc. (NASDAQ:APPF) Shares Purchased by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc lifted its stake in AppFolio, Inc. (NASDAQ:APPF) by 6.9% during the 4th quarter, HoldingsChannel.com reports. The fund owned 22,798 shares of the software maker’s stock after purchasing an additional 1,470 shares during the quarter. Ensign Peak Advisors Inc’s holdings in AppFolio were worth $5,625,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in APPF. Exchange Traded Concepts LLC lifted its holdings in AppFolio by 6.6% during the 4th quarter. Exchange Traded Concepts LLC now owns 642 shares of the software maker’s stock worth $158,000 after buying an additional 40 shares in the last quarter. Independent Advisor Alliance grew its position in shares of AppFolio by 2.1% in the 4th quarter. Independent Advisor Alliance now owns 2,607 shares of the software maker’s stock valued at $643,000 after buying an additional 53 shares during the last quarter. Treasurer of the State of North Carolina grew its position in shares of AppFolio by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 9,960 shares of the software maker’s stock valued at $2,457,000 after buying an additional 60 shares during the last quarter. Nisa Investment Advisors LLC grew its position in AppFolio by 11.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 616 shares of the software maker’s stock worth $152,000 after purchasing an additional 65 shares during the last quarter. Finally, Jones Financial Companies Lllp grew its position in AppFolio by 60.4% during the 4th quarter. Jones Financial Companies Lllp now owns 247 shares of the software maker’s stock worth $61,000 after purchasing an additional 93 shares during the last quarter. 85.19% of the stock is currently owned by institutional investors and hedge funds.

AppFolio Price Performance

APPF stock opened at $216.70 on Wednesday. AppFolio, Inc. has a 1-year low of $189.01 and a 1-year high of $274.56. The firm has a fifty day moving average price of $217.17 and a two-hundred day moving average price of $231.31. The firm has a market cap of $7.81 billion, a price-to-earnings ratio of 39.05 and a beta of 0.99.

AppFolio (NASDAQ:APPF) last released its quarterly earnings results on Thursday, April 24th. The software maker reported $1.21 EPS for the quarter, missing the consensus estimate of $1.23 by ($0.02). The firm had revenue of $217.70 million for the quarter, compared to the consensus estimate of $220.95 million. AppFolio had a return on equity of 26.21% and a net margin of 25.69%. The firm’s revenue was up 15.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.05 EPS. As a group, analysts expect that AppFolio, Inc. will post 3.96 EPS for the current fiscal year.

Insider Transactions at AppFolio

In other AppFolio news, Director Alexander Wolf purchased 9,678 shares of the business’s stock in a transaction on Thursday, February 13th. The stock was bought at an average cost of $214.81 per share, with a total value of $2,078,931.18. Following the acquisition, the director now owns 3,226 shares of the company’s stock, valued at $692,977.06. The trade was a -150.00% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO William Shane Trigg sold 3,501 shares of the company’s 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 ownership of the stock. The disclosure for this sale can be found here. Insiders own 5.24% of the company’s stock.

Wall Street Analyst Weigh In

APPF has been the subject of several recent analyst reports. Keefe, Bruyette & Woods reduced their target price on shares of AppFolio from $210.00 to $205.00 and set an “underweight” rating for the company in a research note on Friday, April 25th. DA Davidson cut their target price on shares of AppFolio from $300.00 to $275.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Piper Sandler reiterated a “neutral” rating and set a $265.00 price target on shares of AppFolio in a report on Wednesday, April 23rd. William Blair restated an “outperform” rating on shares of AppFolio in a report on Friday, January 31st. Finally, Stephens reissued an “overweight” rating and set a $295.00 target price 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 issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $274.43.

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.