Sherbrooke Park Advisers LLC Purchases 1,530 Shares of AppFolio, Inc. (NASDAQ:APPF)

Sherbrooke Park Advisers LLC boosted its position in AppFolio, Inc. (NASDAQ:APPF) by 119.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,812 shares of the software maker’s stock after acquiring an additional 1,530 shares during the period. Sherbrooke Park Advisers LLC’s holdings in AppFolio were worth $694,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in APPF. Barclays PLC boosted its stake in shares of AppFolio by 20.5% during the 3rd quarter. Barclays PLC now owns 9,888 shares of the software maker’s stock valued at $2,327,000 after purchasing an additional 1,681 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of AppFolio by 13.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 52,007 shares of the software maker’s stock valued at $12,831,000 after purchasing an additional 5,985 shares in the last quarter. Merit Financial Group LLC bought a new stake in shares of AppFolio during the 4th quarter valued at about $560,000. Somerset Trust Co bought a new stake in shares of AppFolio during the 4th quarter valued at about $203,000. Finally, UMB Bank n.a. boosted its stake in shares of AppFolio by 193.0% during the 4th 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. Institutional investors own 85.19% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on APPF. Keefe, Bruyette & Woods cut their target price on shares of AppFolio from $210.00 to $205.00 and set an “underweight” rating on the stock in a research note on Friday, April 25th. Stephens reaffirmed an “overweight” rating and set a $295.00 target price on shares of AppFolio in a research note on Friday, January 31st. William Blair reissued an “outperform” rating on shares of AppFolio in a research note on Friday, January 31st. DA Davidson raised shares of AppFolio to a “strong-buy” rating in a research note on Tuesday. Finally, Piper Sandler reissued a “neutral” rating and set a $265.00 price objective on shares of AppFolio in a research note on Wednesday, April 23rd. One investment analyst has rated the stock with a sell rating, three have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, AppFolio currently has a consensus rating of “Moderate Buy” and a consensus price target of $274.43.

Insider Transactions at AppFolio

In related 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 transaction of $760,662.27. Following the transaction, the chief executive officer now owns 83,824 shares in the company, valued at $18,212,440.48. This represents a 4.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 5.24% of the company’s stock.

AppFolio Price Performance

NASDAQ:APPF opened at $218.91 on Friday. The company’s 50-day simple moving average is $217.02 and its 200 day simple moving average is $231.21. The firm has a market capitalization of $7.89 billion, a P/E ratio of 39.44 and a beta of 0.99. AppFolio, Inc. has a one year low of $189.01 and a one year high of $274.56.

AppFolio (NASDAQ:APPF) last issued its earnings results on Thursday, April 24th. The software maker reported $1.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.23 by ($0.02). The firm had revenue of $217.70 million during 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 company’s quarterly 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. On average, equities research analysts expect that AppFolio, Inc. will post 3.96 earnings per share for the current fiscal year.

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.