Blair William & Co. IL Sells 1,788 Shares of AppFolio, Inc. (NASDAQ:APPF)

Blair William & Co. IL lowered its stake in shares of AppFolio, Inc. (NASDAQ:APPF) by 3.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 56,693 shares of the software maker’s stock after selling 1,788 shares during the period. Blair William & Co. IL’s holdings in AppFolio were worth $13,987,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. increased its position in AppFolio by 3.8% in the fourth quarter. Vanguard Group Inc. now owns 2,495,527 shares of the software maker’s stock worth $615,696,000 after buying an additional 91,174 shares during the last quarter. State Street Corp grew its stake in shares of AppFolio by 8.2% during the 3rd quarter. State Street Corp now owns 653,136 shares of the software maker’s stock worth $153,748,000 after acquiring an additional 49,238 shares during the period. Lord Abbett & CO. LLC increased its holdings in AppFolio by 82.2% in the 3rd quarter. Lord Abbett & CO. LLC now owns 459,285 shares of the software maker’s stock worth $108,116,000 after acquiring an additional 207,204 shares during the last quarter. Geode Capital Management LLC increased its holdings in AppFolio by 8.6% in the 3rd quarter. Geode Capital Management LLC now owns 413,032 shares of the software maker’s stock worth $97,252,000 after acquiring an additional 32,743 shares during the last quarter. Finally, DF Dent & Co. Inc. raised its stake in AppFolio by 10.1% in the 3rd quarter. DF Dent & Co. Inc. now owns 351,691 shares of the software maker’s stock valued at $82,788,000 after acquiring an additional 32,181 shares during the period. Institutional investors own 85.19% of the company’s stock.

Insider Buying and Selling at AppFolio

In other news, CEO William Shane Trigg sold 3,501 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $217.27, for a total value of $760,662.27. Following the transaction, the chief executive officer now owns 83,824 shares of the company’s stock, valued at $18,212,440.48. This represents a 4.01 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, 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 sale, the insider now directly owns 22,701 shares of the company’s stock, valued at $5,795,565.30. This represents a 3.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 5.24% of the company’s stock.

AppFolio Price Performance

NASDAQ APPF opened at $221.30 on Friday. The company’s 50 day simple moving average is $225.38 and its two-hundred day simple moving average is $232.40. AppFolio, Inc. has a 1 year low of $189.01 and a 1 year high of $274.56. The stock has a market capitalization of $8.06 billion, a PE ratio of 39.87 and a beta of 0.89.

AppFolio (NASDAQ:APPF) last issued its quarterly earnings data 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%. On average, research analysts anticipate that AppFolio, Inc. will post 3.96 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have weighed in on APPF shares. William Blair reiterated an “outperform” rating on shares of AppFolio in a research report on Friday, January 31st. KeyCorp downgraded shares of AppFolio from an “overweight” rating to a “sector weight” rating and set a $253.00 price objective for the company. in a report on Friday, January 10th. Piper Sandler reissued a “neutral” rating and set a $265.00 target price on shares of AppFolio in a report on Friday, January 31st. Finally, Stephens restated an “overweight” rating and set a $295.00 target price 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 given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $276.29.

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.