5,900 Shares in AppFolio, Inc. (NASDAQ:APPF) Purchased by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS bought a new stake in shares of AppFolio, Inc. (NASDAQ:APPF) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 5,900 shares of the software maker’s stock, valued at approximately $1,456,000.

A number of other institutional investors and hedge funds have also made changes to their positions in APPF. UMB Bank n.a. grew its stake in shares of AppFolio by 193.0% in the 4th quarter. UMB Bank n.a. now owns 167 shares of the software maker’s stock worth $41,000 after buying an additional 110 shares during the last quarter. Arcadia Investment Management Corp MI bought a new stake in AppFolio in the fourth quarter worth $50,000. EverSource Wealth Advisors LLC grew its stake in shares of AppFolio by 1,485.7% in the fourth 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. Jones Financial Companies Lllp increased its holdings in shares of AppFolio by 60.4% during the fourth 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 in the last quarter. Finally, Blue Trust Inc. raised its position in shares of AppFolio by 126.5% in the 4th quarter. Blue Trust Inc. now owns 265 shares of the software maker’s stock worth $62,000 after purchasing an additional 148 shares during the last quarter. Institutional investors own 85.19% of the company’s stock.

Wall Street Analysts Forecast Growth

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

AppFolio Stock Down 1.7 %

Shares of AppFolio stock opened at $221.30 on Friday. AppFolio, Inc. has a twelve month low of $189.01 and a twelve month high of $274.56. The company’s 50 day moving average is $225.38 and its 200 day moving average is $232.40. The company has a market cap of $8.06 billion, a price-to-earnings ratio of 39.87 and a beta of 0.89.

AppFolio (NASDAQ:APPF) last released its quarterly earnings results on Thursday, January 30th. The software maker reported $0.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.34). AppFolio had a return on equity of 26.21% and a net margin of 25.69%. Sell-side analysts expect that AppFolio, Inc. will post 3.96 EPS for the current fiscal year.

Insider Buying and Selling at AppFolio

In related news, insider Matthew S. Mazza sold 838 shares of AppFolio stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $255.30, for a total transaction of $213,941.40. Following the transaction, the insider now directly owns 22,701 shares in the company, valued at approximately $5,795,565.30. The trade was a 3.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO William Shane Trigg sold 3,501 shares of the company’s 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 completion of the sale, 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 position. The disclosure for this sale can be found here. Corporate insiders own 5.24% of the company’s stock.

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.