Atria Investments Inc Buys 134 Shares of AppFolio, Inc. (NASDAQ:APPF)

Atria Investments Inc raised its stake in AppFolio, Inc. (NASDAQ:APPF) by 14.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,056 shares of the software maker’s stock after purchasing an additional 134 shares during the quarter. Atria Investments Inc’s holdings in AppFolio were worth $261,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of APPF. Lord Abbett & CO. LLC grew its holdings in AppFolio by 82.2% during the third quarter. Lord Abbett & CO. LLC now owns 459,285 shares of the software maker’s stock worth $108,116,000 after buying an additional 207,204 shares in the last quarter. Deepwater Asset Management LLC purchased a new position in AppFolio during the 4th quarter worth $15,483,000. FMR LLC grew its stake in shares of AppFolio by 998.0% in the 3rd quarter. FMR LLC now owns 60,894 shares of the software maker’s stock worth $14,334,000 after acquiring an additional 55,348 shares in the last quarter. Franklin Resources Inc. raised its holdings in shares of AppFolio by 31.2% in the third quarter. Franklin Resources Inc. now owns 228,655 shares of the software maker’s stock valued at $51,800,000 after purchasing an additional 54,386 shares during the last quarter. Finally, State Street Corp lifted its position in shares of AppFolio by 8.2% during 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. Institutional investors own 85.19% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on APPF. Stephens reaffirmed an “overweight” rating and issued a $295.00 price objective 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 target price for the company. in a report on Friday, January 10th. Piper Sandler reiterated a “neutral” rating and set a $265.00 price target on shares of AppFolio in a report on Friday, January 31st. Finally, William Blair restated an “outperform” rating on shares of AppFolio in a research note 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’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $276.29.

Insider Activity at AppFolio

In related news, Director Alexander Wolf bought 9,678 shares of AppFolio stock in a transaction on Thursday, February 13th. The stock was acquired at an average price of $214.81 per share, with a total value of $2,078,931.18. Following the acquisition, the director now directly owns 3,226 shares of the company’s stock, valued at $692,977.06. This represents a -150.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO William Shane Trigg sold 3,501 shares of the stock in a transaction dated Tuesday, February 18th. The stock was 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 directly owns 83,824 shares in the company, valued at approximately $18,212,440.48. The trade was a 4.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.24% of the stock is currently owned by corporate insiders.

AppFolio Trading Down 0.3 %

Shares of NASDAQ APPF opened at $216.12 on Tuesday. The stock has a fifty day simple moving average of $230.63 and a two-hundred day simple moving average of $232.93. AppFolio, Inc. has a 1-year low of $189.01 and a 1-year high of $274.56. The firm has a market cap of $7.87 billion, a price-to-earnings ratio of 38.94 and a beta of 0.89.

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 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%. Analysts forecast that AppFolio, Inc. will post 3.96 EPS 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.