AppFolio, Inc. (NASDAQ:APPF) Shares Purchased by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC raised its position in AppFolio, Inc. (NASDAQ:APPF) by 14.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,550 shares of the software maker’s stock after purchasing an additional 703 shares during the quarter. Commonwealth Equity Services LLC’s holdings in AppFolio were worth $1,369,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in APPF. JPMorgan Chase & Co. grew its position in AppFolio by 3.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 161,278 shares of the software maker’s stock valued at $37,965,000 after buying an additional 5,077 shares in the last quarter. Captrust Financial Advisors increased its stake in shares of AppFolio by 183.3% during the third quarter. Captrust Financial Advisors now owns 4,374 shares of the software maker’s stock valued at $1,030,000 after acquiring an additional 2,830 shares during the period. South Dakota Investment Council raised its holdings in AppFolio by 94.4% during the fourth quarter. South Dakota Investment Council now owns 3,500 shares of the software maker’s stock worth $864,000 after purchasing an additional 1,700 shares in the last quarter. SYM FINANCIAL Corp bought a new stake in AppFolio during the fourth quarter worth approximately $292,000. Finally, Los Angeles Capital Management LLC increased its position in shares of AppFolio by 8.9% during the 4th quarter. Los Angeles Capital Management LLC now owns 114,462 shares of the software maker’s stock valued at $28,240,000 after purchasing an additional 9,401 shares during the period. Institutional investors own 85.19% of the company’s stock.

Insider Activity

In related news, insider Matthew S. Mazza sold 838 shares of the business’s 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 transaction, the insider now directly owns 22,701 shares of the company’s stock, valued at approximately $5,795,565.30. The trade was a 3.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Alexander Wolf bought 9,678 shares of the firm’s stock in a transaction on Thursday, February 13th. The shares were bought at an average cost of $214.81 per share, with a total value of $2,078,931.18. Following the purchase, the director now directly owns 3,226 shares in the company, valued at approximately $692,977.06. This trade represents a -150.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 5.24% of the stock is currently owned by corporate insiders.

AppFolio Trading Down 1.7 %

Shares of APPF opened at $221.30 on Monday. AppFolio, Inc. has a 1-year low of $189.01 and a 1-year high of $274.56. The stock has a market capitalization of $8.06 billion, a P/E ratio of 39.87 and a beta of 0.89. The business’s 50-day moving average price is $225.38 and its 200 day moving average price is $232.54.

AppFolio (NASDAQ:APPF) last released its quarterly 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%. On average, research analysts predict that AppFolio, Inc. will post 3.96 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

AppFolio 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.