Sanctuary Advisors LLC Buys 125 Shares of AppFolio, Inc. (NASDAQ:APPF)

Sanctuary Advisors LLC grew its stake in AppFolio, Inc. (NASDAQ:APPF) by 4.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,958 shares of the software maker’s stock after purchasing an additional 125 shares during the period. Sanctuary Advisors LLC’s holdings in AppFolio were worth $750,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Tidal Investments LLC grew its stake in shares of AppFolio by 2.9% in the 3rd quarter. Tidal Investments LLC now owns 1,425 shares of the software maker’s stock valued at $335,000 after purchasing an additional 40 shares during the period. Exchange Traded Concepts LLC grew its stake in shares of AppFolio by 6.6% in the 4th quarter. Exchange Traded Concepts LLC now owns 642 shares of the software maker’s stock valued at $158,000 after purchasing an additional 40 shares during the period. Blue Trust Inc. grew its stake in shares of AppFolio by 85.7% in the 3rd quarter. Blue Trust Inc. now owns 117 shares of the software maker’s stock valued at $29,000 after purchasing an additional 54 shares during the period. Nisa Investment Advisors LLC grew its stake in shares of AppFolio by 11.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 616 shares of the software maker’s stock valued at $152,000 after purchasing an additional 65 shares during the period. Finally, Northwest & Ethical Investments L.P. boosted its holdings in shares of AppFolio by 16.0% in the 3rd quarter. Northwest & Ethical Investments L.P. now owns 725 shares of the software maker’s stock worth $171,000 after acquiring an additional 100 shares in the last quarter. 85.19% of the stock is currently owned by institutional investors.

Insider Buying and Selling at AppFolio

In related news, CEO William Shane Trigg sold 4,145 shares of the company’s stock in a transaction 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 completion of the sale, the chief executive officer now owns 73,682 shares in the company, valued at $19,401,944.24. This represents a 5.33 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Scanlan Agnes Bundy sold 500 shares of the company’s stock in a transaction on Monday, December 2nd. The shares were 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 owns 5,416 shares of the company’s stock, valued at approximately $1,383,354.72. This represents a 8.45 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 9,684 shares of company stock worth $2,372,625. Insiders own 5.24% of the company’s stock.

AppFolio Stock Performance

NASDAQ:APPF opened at $214.50 on Friday. The stock’s fifty day moving average price is $238.08 and its two-hundred day moving average price is $233.53. AppFolio, Inc. has a 52-week low of $189.01 and a 52-week high of $274.56. The company has a market cap of $7.81 billion, a price-to-earnings ratio of 38.65 and a beta of 0.88.

AppFolio (NASDAQ:APPF) last posted its quarterly earnings data on Thursday, January 30th. The software maker reported $0.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.34). AppFolio had a return on equity of 26.21% and a net margin of 25.69%. On average, equities analysts predict that AppFolio, Inc. will post 3.96 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

APPF has been the topic of several recent analyst reports. Piper Sandler reissued a “neutral” rating and issued a $265.00 target price on shares of AppFolio in a report on Friday, January 31st. William Blair reissued an “outperform” rating on shares of AppFolio in a report on Friday, January 31st. KeyCorp downgraded AppFolio from an “overweight” rating to a “sector weight” rating and set a $253.00 target price on the stock. in a report on Friday, January 10th. Finally, Stephens reissued an “overweight” rating and issued a $295.00 target price on shares of AppFolio in a report on Friday, January 31st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $276.29.

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.