493 Shares in AppFolio, Inc. (NASDAQ:APPF) Purchased by Meeder Asset Management Inc.

Meeder Asset Management Inc. acquired a new stake in shares of AppFolio, Inc. (NASDAQ:APPF) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 493 shares of the software maker’s stock, valued at approximately $85,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of APPF. Arcadia Investment Management Corp MI grew its holdings in AppFolio by 70.4% during the 3rd quarter. Arcadia Investment Management Corp MI now owns 138 shares of the software maker’s stock valued at $25,000 after purchasing an additional 57 shares during the last quarter. FMR LLC boosted its position in shares of AppFolio by 10.3% during the third quarter. FMR LLC now owns 709 shares of the software maker’s stock valued at $130,000 after buying an additional 66 shares during the period. Metropolitan Life Insurance Co NY grew its stake in shares of AppFolio by 8.0% during the fourth quarter. Metropolitan Life Insurance Co NY now owns 1,177 shares of the software maker’s stock valued at $124,000 after buying an additional 87 shares during the last quarter. Arizona State Retirement System raised its holdings in shares of AppFolio by 1.9% in the third quarter. Arizona State Retirement System now owns 5,321 shares of the software maker’s stock worth $972,000 after buying an additional 101 shares during the period. Finally, Jane Street Group LLC lifted its stake in shares of AppFolio by 1.5% during the 4th quarter. Jane Street Group LLC now owns 7,048 shares of the software maker’s stock worth $743,000 after acquiring an additional 106 shares during the last quarter. Hedge funds and other institutional investors own 62.34% of the company’s stock.

AppFolio Price Performance

APPF stock opened at $232.49 on Wednesday. AppFolio, Inc. has a 1-year low of $123.36 and a 1-year high of $253.42. The business has a 50-day moving average price of $232.63 and a 200 day moving average price of $202.12. The company has a market capitalization of $8.34 billion, a P/E ratio of 7,752.25 and a beta of 0.80.

AppFolio (NASDAQ:APPF) last posted its earnings results on Thursday, January 25th. The software maker reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.29. AppFolio had a net margin of 0.44% and a negative return on equity of 8.58%. The business had revenue of $171.83 million for the quarter, compared to the consensus estimate of $162.80 million. On average, analysts anticipate that AppFolio, Inc. will post 2.66 earnings per share for the current fiscal year.

Insider Activity at AppFolio

In other AppFolio news, Director Blottnitz Andreas Von sold 4,500 shares of the company’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $226.56, for a total transaction of $1,019,520.00. Following the completion of the sale, the director now owns 5,449 shares in the company, valued at $1,234,525.44. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other AppFolio news, Director Blottnitz Andreas Von sold 4,500 shares of AppFolio stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $226.56, for a total value of $1,019,520.00. Following the transaction, the director now owns 5,449 shares in the company, valued at $1,234,525.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Olivia Nottebohm sold 989 shares of the stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $241.75, for a total transaction of $239,090.75. Following the sale, the director now directly owns 1,909 shares of the company’s stock, valued at $461,500.75. The disclosure for this sale can be found here. Insiders have sold a total of 15,489 shares of company stock valued at $3,531,011 over the last ninety days. 9.15% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have commented on APPF. Stephens reaffirmed an “overweight” rating and issued a $241.00 price objective on shares of AppFolio in a research report on Friday, January 26th. BTIG Research initiated coverage on shares of AppFolio in a report on Friday, January 19th. They issued a “buy” rating and a $215.00 price target on the stock. KeyCorp raised their price target on shares of AppFolio from $254.00 to $264.00 and gave the stock an “overweight” rating in a research note on Monday, March 18th. JPMorgan Chase & Co. boosted their price objective on shares of AppFolio from $228.00 to $237.00 and gave the company an “overweight” rating in a research report on Friday, January 26th. Finally, StockNews.com downgraded shares of AppFolio from a “buy” rating to a “hold” rating in a research note on Thursday, December 21st. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, AppFolio has a consensus rating of “Moderate Buy” and an average target price of $239.40.

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.