AppFolio, Inc. (NASDAQ:APPF) Shares Purchased by EverSource Wealth Advisors LLC

EverSource Wealth Advisors LLC boosted its position in AppFolio, Inc. (NASDAQ:APPF) by 1,485.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 222 shares of the software maker’s stock after acquiring an additional 208 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in AppFolio were worth $55,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. UMB Bank n.a. increased its stake in AppFolio by 193.0% in 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 last quarter. Arcadia Investment Management Corp MI purchased a new position in AppFolio in the fourth quarter valued at approximately $50,000. Jones Financial Companies Lllp increased its stake in 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 purchasing an additional 93 shares during the last quarter. Blue Trust Inc. increased its stake in AppFolio by 126.5% in the fourth quarter. Blue Trust Inc. now owns 265 shares of the software maker’s stock valued at $62,000 after purchasing an additional 148 shares during the last quarter. Finally, True Wealth Design LLC purchased a new position in AppFolio in the third quarter valued at approximately $79,000. Institutional investors and hedge funds own 85.19% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on APPF shares. William Blair reiterated an “outperform” rating on shares of AppFolio in a research note on Friday, January 31st. Stephens reiterated an “overweight” rating and issued a $295.00 price target on shares of AppFolio in a research note on Friday, January 31st. Piper Sandler restated a “neutral” rating and set a $265.00 target price 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 given a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, AppFolio currently has a consensus rating of “Hold” and a consensus target price of $276.29.

AppFolio Price Performance

NASDAQ:APPF opened at $216.99 on Thursday. The firm’s fifty day moving average price is $229.17 and its 200 day moving average price is $232.68. AppFolio, Inc. has a 1-year low of $189.01 and a 1-year high of $274.56. The firm has a market cap of $7.90 billion, a price-to-earnings ratio of 39.10 and a beta of 0.89.

AppFolio (NASDAQ:APPF) last posted its quarterly earnings data on Thursday, January 30th. The software maker reported $0.58 earnings per share 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, analysts expect that AppFolio, Inc. will post 3.96 earnings per share for the current fiscal year.

Insider Activity at AppFolio

In other AppFolio news, insider Matthew S. Mazza sold 838 shares of the firm’s stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $255.30, for a total value of $213,941.40. Following the completion of the sale, the insider now owns 22,701 shares of the company’s stock, valued at approximately $5,795,565.30. This trade represents a 3.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Alexander Wolf bought 9,678 shares of AppFolio stock in a transaction on Thursday, February 13th. The stock was acquired 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. This trade 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 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.