AppFolio, Inc. (NASDAQ:APPF) Shares Bought by Private Advisor Group LLC

Private Advisor Group LLC boosted its holdings in shares of AppFolio, Inc. (NASDAQ:APPF) by 19.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,100 shares of the software maker’s stock after acquiring an additional 348 shares during the period. Private Advisor Group LLC’s holdings in AppFolio were worth $364,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in APPF. Meeder Asset Management Inc. acquired a new position in shares of AppFolio in the fourth quarter valued at approximately $85,000. Headlands Technologies LLC acquired a new position in shares of AppFolio in the fourth quarter valued at approximately $85,000. First Foundation Advisors acquired a new position in shares of AppFolio in the third quarter valued at approximately $209,000. Handelsinvest Investeringsforvaltning acquired a new position in shares of AppFolio in the fourth quarter valued at approximately $240,000. Finally, Pathstone Family Office LLC acquired a new position in shares of AppFolio in the third quarter valued at approximately $260,000. Institutional investors and hedge funds own 62.34% of the company’s stock.

Analysts Set New Price Targets

APPF has been the subject of a number of analyst reports. KeyCorp boosted their price objective on shares of AppFolio from $264.00 to $275.00 and gave the company an “overweight” rating in a research report on Friday, April 26th. Keefe, Bruyette & Woods boosted their target price on shares of AppFolio from $215.00 to $238.00 and gave the company a “market perform” rating in a report on Friday, April 26th. JPMorgan Chase & Co. boosted their target price on shares of AppFolio from $228.00 to $237.00 and gave the company an “overweight” rating in a report on Friday, January 26th. Finally, Stephens restated an “overweight” rating and issued a $241.00 target price on shares of AppFolio in a report on Friday, April 26th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $241.00.

AppFolio Stock Down 0.5 %

APPF opened at $237.18 on Thursday. AppFolio, Inc. has a 52-week low of $138.49 and a 52-week high of $256.73. The company has a 50 day moving average of $232.87 and a two-hundred day moving average of $212.42. The company has a market cap of $8.59 billion, a P/E ratio of 114.58 and a beta of 0.79.

AppFolio (NASDAQ:APPF) last released its quarterly earnings data on Thursday, April 25th. The software maker reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.09. AppFolio had a net margin of 11.38% and a return on equity of 13.51%. The company had revenue of $187.43 million during the quarter, compared to the consensus estimate of $173.66 million. Research analysts anticipate that AppFolio, Inc. will post 2.87 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Timothy K. Bliss sold 10,000 shares of the company’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $227.24, for a total value of $2,272,400.00. Following the completion of the transaction, the director now directly owns 51,070 shares in the company, valued at $11,605,146.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Timothy K. Bliss sold 10,000 shares of the company’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $227.24, for a total value of $2,272,400.00. Following the completion of the transaction, the director now directly owns 51,070 shares in the company, valued at $11,605,146.80. The sale 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 company’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $241.75, for a total transaction of $239,090.75. Following the completion of the transaction, the director now owns 1,909 shares of the company’s stock, valued at $461,500.75. The disclosure for this sale can be found here. Insiders sold a total of 34,020 shares of company stock worth $8,123,034 over the last ninety days. 9.15% of the stock is owned by company 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.