Wealth Enhancement Advisory Services LLC Buys 157 Shares of AppFolio, Inc. (NASDAQ:APPF)

Wealth Enhancement Advisory Services LLC raised its stake in shares of AppFolio, Inc. (NASDAQ:APPF) by 2.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 6,620 shares of the software maker’s stock after purchasing an additional 157 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in AppFolio were worth $1,558,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. State Street Corp raised its stake in shares of AppFolio by 8.2% in the third 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. Lord Abbett & CO. LLC raised its stake in shares of AppFolio by 82.2% in the 3rd quarter. Lord Abbett & CO. LLC now owns 459,285 shares of the software maker’s stock valued at $108,116,000 after buying an additional 207,204 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of AppFolio by 8.6% in the 3rd quarter. Geode Capital Management LLC now owns 413,032 shares of the software maker’s stock valued at $97,252,000 after buying an additional 32,743 shares in the last quarter. DF Dent & Co. Inc. lifted its holdings in shares of AppFolio by 10.1% during the 3rd quarter. DF Dent & Co. Inc. now owns 351,691 shares of the software maker’s stock worth $82,788,000 after acquiring an additional 32,181 shares during the period. Finally, Franklin Resources Inc. boosted its position in shares of AppFolio by 31.2% during the 3rd quarter. Franklin Resources Inc. now owns 228,655 shares of the software maker’s stock valued at $51,800,000 after acquiring an additional 54,386 shares in the last quarter. Institutional investors and hedge funds own 85.19% of the company’s stock.

AppFolio Stock Performance

Shares of NASDAQ:APPF opened at $252.49 on Thursday. The business has a fifty day moving average of $248.41 and a 200-day moving average of $235.46. AppFolio, Inc. has a twelve month low of $171.19 and a twelve month high of $274.56. The firm has a market cap of $9.17 billion, a PE ratio of 70.33 and a beta of 0.87.

AppFolio (NASDAQ:APPF) last posted its quarterly earnings data on Thursday, October 24th. The software maker reported $1.29 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.26. AppFolio had a net margin of 17.26% and a return on equity of 30.64%. The firm had revenue of $206.00 million during the quarter, compared to analysts’ expectations of $199.11 million. During the same quarter last year, the company posted $0.26 EPS. The company’s quarterly revenue was up 24.5% compared to the same quarter last year. On average, analysts anticipate that AppFolio, Inc. will post 3.23 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Piper Sandler lowered shares of AppFolio from an “overweight” rating to a “neutral” rating and set a $265.00 price target for the company. in a research report on Monday, January 6th. Keefe, Bruyette & Woods cut AppFolio from a “market perform” rating to an “underperform” rating and dropped their target price for the stock from $255.00 to $193.00 in a report on Tuesday, October 15th. Finally, KeyCorp downgraded AppFolio from an “overweight” rating to a “sector weight” rating and set a $253.00 target price for the company. in a research report on Friday, January 10th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $261.88.

Insider Buying and Selling

In other news, major shareholder Maurice J. Duca sold 2,510 shares of the business’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $229.21, for a total transaction of $575,317.10. Following the completion of the sale, the insider now owns 2,459 shares in the company, valued at $563,627.39. The trade was a 50.51 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO William Shane Trigg sold 3,500 shares of the firm’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $229.85, for a total value of $804,475.00. Following the completion of the transaction, the chief executive officer now owns 74,327 shares in the company, valued at approximately $17,084,060.95. This represents a 4.50 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 23,768 shares of company stock worth $5,744,891 in the last quarter. Insiders own 5.24% of the company’s stock.

AppFolio Company 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.