AppFolio, Inc. (NASDAQ:APPF) Shares Bought by Russell Investments Group Ltd.

Russell Investments Group Ltd. lifted its position in shares of AppFolio, Inc. (NASDAQ:APPF) by 2.3% during the fourth quarter, HoldingsChannel reports. The firm owned 33,901 shares of the software maker’s stock after purchasing an additional 755 shares during the quarter. Russell Investments Group Ltd.’s holdings in AppFolio were worth $8,364,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Stifel Financial Corp boosted its holdings in AppFolio by 45.0% in the third quarter. Stifel Financial Corp now owns 1,853 shares of the software maker’s stock valued at $436,000 after purchasing an additional 575 shares during the last quarter. State Street Corp raised its position in shares of AppFolio by 8.2% in the 3rd quarter. State Street Corp now owns 653,136 shares of the software maker’s stock valued at $153,748,000 after purchasing an additional 49,238 shares in the last quarter. Public Employees Retirement System of Ohio boosted its stake in shares of AppFolio by 5.3% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 8,824 shares of the software maker’s stock valued at $2,077,000 after buying an additional 442 shares during the last quarter. Barclays PLC grew its position in shares of AppFolio by 20.5% during the third quarter. Barclays PLC now owns 9,888 shares of the software maker’s stock worth $2,327,000 after buying an additional 1,681 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of AppFolio by 8.6% in the third quarter. Geode Capital Management LLC now owns 413,032 shares of the software maker’s stock worth $97,252,000 after buying an additional 32,743 shares during the last quarter. 85.19% of the stock is currently owned by hedge funds and other institutional investors.

AppFolio Trading Up 0.5 %

NASDAQ:APPF opened at $224.20 on Friday. The stock has a 50 day moving average of $218.26 and a 200-day moving average of $231.65. The firm has a market capitalization of $8.16 billion, a PE ratio of 40.40 and a beta of 0.86. AppFolio, Inc. has a 52 week low of $189.01 and a 52 week high of $274.56.

AppFolio (NASDAQ:APPF) last issued its quarterly earnings data on Thursday, January 30th. The software maker reported $0.58 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%. As a group, analysts predict that AppFolio, Inc. will post 3.96 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Alexander Wolf bought 9,678 shares of the firm’s stock in a transaction on Thursday, February 13th. The stock was purchased at an average price of $214.81 per share, for a total transaction of $2,078,931.18. Following the transaction, the director now owns 3,226 shares in the company, valued at approximately $692,977.06. This trade represents a -150.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO William Shane Trigg sold 3,501 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $217.27, for a total transaction of $760,662.27. Following the completion of the sale, the chief executive officer now owns 83,824 shares in the company, valued at $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.

Wall Street Analysts Forecast Growth

APPF has been the topic of a number of research analyst reports. 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 note on Friday, January 10th. Stephens reaffirmed an “overweight” rating and set a $295.00 price target on shares of AppFolio in a research report on Friday, January 31st. William Blair reissued an “outperform” rating on shares of AppFolio in a report on Friday, January 31st. Finally, Piper Sandler restated a “neutral” rating and set a $265.00 price objective on shares of AppFolio in a research note on Friday, January 31st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target 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.