Jones Financial Companies Lllp Acquires 93 Shares of AppFolio, Inc. (NASDAQ:APPF)

Jones Financial Companies Lllp lifted its position in AppFolio, Inc. (NASDAQ:APPF) by 60.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 247 shares of the software maker’s stock after purchasing an additional 93 shares during the quarter. Jones Financial Companies Lllp’s holdings in AppFolio were worth $61,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. UMB Bank n.a. grew its holdings in shares of AppFolio by 193.0% in the 4th quarter. UMB Bank n.a. now owns 167 shares of the software maker’s stock worth $41,000 after purchasing an additional 110 shares during the last quarter. Arcadia Investment Management Corp MI bought a new stake in shares of AppFolio in the 4th quarter worth about $50,000. Blue Trust Inc. grew its holdings in shares of AppFolio by 126.5% in the 4th quarter. Blue Trust Inc. now owns 265 shares of the software maker’s stock worth $62,000 after purchasing an additional 148 shares during the last quarter. True Wealth Design LLC bought a new stake in shares of AppFolio in the 3rd quarter worth about $79,000. Finally, Advisors Asset Management Inc. grew its holdings in shares of AppFolio by 56.6% in the 3rd quarter. Advisors Asset Management Inc. now owns 390 shares of the software maker’s stock worth $92,000 after purchasing an additional 141 shares during the last quarter. Institutional investors own 85.19% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. KeyCorp lowered shares of 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. William Blair reiterated an “outperform” rating on shares of AppFolio in a research report on Friday, January 31st. Stephens reiterated an “overweight” rating and set a $295.00 price target on shares of AppFolio in a research report on Friday, January 31st. Finally, Piper Sandler reiterated a “neutral” rating and set a $265.00 price target on shares of AppFolio in a research report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $276.29.

AppFolio Trading Down 0.3 %

AppFolio stock opened at $216.12 on Tuesday. AppFolio, Inc. has a 1 year low of $189.01 and a 1 year high of $274.56. The company has a market cap of $7.87 billion, a PE ratio of 38.94 and a beta of 0.89. The company’s 50-day moving average is $230.63 and its two-hundred day moving average is $232.93.

AppFolio (NASDAQ:APPF) last released its earnings results on Thursday, January 30th. The software maker reported $0.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.34). AppFolio had a net margin of 25.69% and a return on equity of 26.21%. Research analysts forecast that AppFolio, Inc. will post 3.96 EPS for the current year.

Insider Buying and Selling at AppFolio

In related news, CEO William Shane Trigg sold 3,501 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $217.27, for a total value of $760,662.27. Following the sale, the chief executive officer now directly owns 83,824 shares in the company, valued at $18,212,440.48. This trade represents a 4.01 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Matthew S. Mazza sold 838 shares of the stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $255.30, for a total transaction of $213,941.40. Following the completion of the sale, the insider now owns 22,701 shares in the company, valued at $5,795,565.30. This represents a 3.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 5.24% of the company’s stock.

About AppFolio

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.