New York State Teachers Retirement System Sells 605 Shares of AppFolio, Inc. (NASDAQ:APPF)

New York State Teachers Retirement System decreased its holdings in AppFolio, Inc. (NASDAQ:APPF) by 11.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 4,851 shares of the software maker’s stock after selling 605 shares during the period. New York State Teachers Retirement System’s holdings in AppFolio were worth $1,197,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Blue Trust Inc. grew its position in AppFolio by 85.7% during the 3rd quarter. Blue Trust Inc. now owns 117 shares of the software maker’s stock worth $29,000 after acquiring an additional 54 shares during the last quarter. UMB Bank n.a. grew its position in AppFolio by 193.0% during the 4th quarter. UMB Bank n.a. now owns 167 shares of the software maker’s stock worth $41,000 after acquiring an additional 110 shares during the last quarter. True Wealth Design LLC bought a new stake in AppFolio during the 3rd quarter worth $79,000. Advisors Asset Management Inc. grew its position in AppFolio by 56.6% during the 3rd quarter. Advisors Asset Management Inc. now owns 390 shares of the software maker’s stock worth $92,000 after acquiring an additional 141 shares during the last quarter. Finally, Salem Investment Counselors Inc. bought a new stake in AppFolio during the 4th quarter worth $123,000. Institutional investors own 85.19% of the company’s stock.

Insider Transactions at AppFolio

In related news, Director Scanlan Agnes Bundy sold 500 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $255.42, for a total transaction of $127,710.00. Following the completion of the sale, the director now directly owns 5,416 shares of the company’s stock, valued at approximately $1,383,354.72. This trade represents a 8.45 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO William Shane Trigg sold 4,145 shares of the stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $263.32, for a total value of $1,091,461.40. Following the sale, the chief executive officer now directly owns 73,682 shares of the company’s stock, valued at $19,401,944.24. The trade was a 5.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 9,744 shares of company stock valued at $2,387,894 over the last ninety days. 5.24% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on APPF. Stephens restated an “overweight” rating and set a $295.00 price objective on shares of AppFolio in a research report on Friday, January 31st. William Blair restated an “outperform” rating on shares of AppFolio in a research report on Friday, January 31st. KeyCorp lowered AppFolio from an “overweight” rating to a “sector weight” rating and set a $253.00 price target on the stock. in a research report on Friday, January 10th. Finally, Piper Sandler reiterated a “neutral” rating and issued a $265.00 price target on shares of AppFolio in a research report on Friday, January 31st. One research 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. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $276.29.

AppFolio Stock Performance

APPF stock opened at $211.66 on Monday. The stock’s 50 day simple moving average is $242.36 and its 200 day simple moving average is $233.83. AppFolio, Inc. has a fifty-two week low of $189.01 and a fifty-two week high of $274.56. The company has a market cap of $7.71 billion, a P/E ratio of 38.14 and a beta of 0.88.

AppFolio (NASDAQ:APPF) last posted its quarterly earnings results on Thursday, January 30th. The software maker reported $0.58 earnings per share 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%. Equities analysts predict that AppFolio, Inc. will post 3.96 earnings per share for the current year.

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.