AppFolio, Inc. (NASDAQ:APPF) Position Trimmed by Strs Ohio

Strs Ohio decreased its holdings in shares of AppFolio, Inc. (NASDAQ:APPF) by 1.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,600 shares of the software maker’s stock after selling 100 shares during the period. Strs Ohio’s holdings in AppFolio were worth $1,143,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Arcadia Investment Management Corp MI increased its stake in AppFolio by 70.4% during the third 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. Arizona State Retirement System grew its position in shares of AppFolio by 1.9% during the third quarter. Arizona State Retirement System now owns 5,321 shares of the software maker’s stock worth $972,000 after acquiring an additional 101 shares during the last quarter. Harbor Capital Advisors Inc. grew its position in shares of AppFolio by 3.2% during the fourth quarter. Harbor Capital Advisors Inc. now owns 3,691 shares of the software maker’s stock worth $639,000 after acquiring an additional 116 shares during the last quarter. Verdence Capital Advisors LLC grew its position in shares of AppFolio by 7.2% during the third quarter. Verdence Capital Advisors LLC now owns 2,059 shares of the software maker’s stock worth $376,000 after acquiring an additional 139 shares during the last quarter. Finally, UBS Group AG grew its position in shares of AppFolio by 2.7% during the third quarter. UBS Group AG now owns 12,232 shares of the software maker’s stock worth $2,234,000 after acquiring an additional 318 shares during the last quarter. Institutional investors own 62.34% of the company’s stock.

AppFolio Stock Up 2.1 %

APPF stock opened at $219.33 on Wednesday. The company has a market capitalization of $7.87 billion, a P/E ratio of 7,313.44 and a beta of 0.80. The company has a 50-day simple moving average of $230.24 and a 200 day simple moving average of $204.53. AppFolio, Inc. has a fifty-two week low of $123.36 and a fifty-two week high of $253.42.

AppFolio (NASDAQ:APPF) last issued its quarterly earnings results on Thursday, January 25th. The software maker reported $0.61 earnings per share 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 company had revenue of $171.83 million during the quarter, compared to the consensus estimate of $162.80 million. Equities analysts anticipate that AppFolio, Inc. will post 2.66 EPS for the current year.

Analyst Ratings Changes

APPF has been the subject of several recent research reports. JPMorgan Chase & Co. upped their price target on shares of AppFolio from $228.00 to $237.00 and gave the stock an “overweight” rating in a research report on Friday, January 26th. BTIG Research initiated coverage on shares of AppFolio in a research report on Friday, January 19th. They set a “buy” rating and a $215.00 price target for the company. KeyCorp upped their price target on shares of AppFolio from $254.00 to $264.00 and gave the stock an “overweight” rating in a research report on Monday, March 18th. Finally, Stephens reaffirmed an “overweight” rating and issued a $241.00 price objective on shares of AppFolio in a report on Friday, January 26th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $239.40.

Insider Buying and Selling at AppFolio

In other AppFolio news, Director Blottnitz Andreas Von sold 4,500 shares of the company’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $226.56, for a total value of $1,019,520.00. Following the completion of the sale, the director now directly owns 5,449 shares of the company’s stock, valued at approximately $1,234,525.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other AppFolio news, Director Timothy K. Bliss sold 10,000 shares of the business’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $227.24, for a total transaction of $2,272,400.00. Following the sale, the director now owns 51,070 shares in the company, valued at approximately $11,605,146.80. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Blottnitz Andreas Von sold 4,500 shares of the business’s 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 sale, the director now owns 5,449 shares in the company, valued at approximately $1,234,525.44. The disclosure for this sale can be found here. In the last three months, insiders sold 15,489 shares of company stock valued at $3,531,011. 9.15% of the stock is owned by insiders.

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.