Nisa Investment Advisors LLC Has $152,000 Stock Holdings in AppFolio, Inc. (NASDAQ:APPF)

Nisa Investment Advisors LLC increased its stake in shares of AppFolio, Inc. (NASDAQ:APPF) by 11.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 616 shares of the software maker’s stock after buying an additional 65 shares during the period. Nisa Investment Advisors LLC’s holdings in AppFolio were worth $152,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in APPF. 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 worth $153,748,000 after purchasing an additional 49,238 shares in the last quarter. Lord Abbett & CO. LLC raised its position in AppFolio by 82.2% in the 3rd quarter. Lord Abbett & CO. LLC now owns 459,285 shares of the software maker’s stock worth $108,116,000 after purchasing an additional 207,204 shares during the last quarter. Geode Capital Management LLC lifted its holdings in AppFolio by 8.6% during the 3rd quarter. Geode Capital Management LLC now owns 413,032 shares of the software maker’s stock worth $97,252,000 after buying an additional 32,743 shares in the last quarter. DF Dent & Co. Inc. boosted its position in AppFolio by 10.1% in the 3rd quarter. DF Dent & Co. Inc. now owns 351,691 shares of the software maker’s stock valued at $82,788,000 after buying an additional 32,181 shares during the last quarter. Finally, Franklin Resources Inc. increased its stake in shares of AppFolio by 31.2% in the 3rd quarter. Franklin Resources Inc. now owns 228,655 shares of the software maker’s stock valued at $51,800,000 after buying an additional 54,386 shares during the period. Institutional investors own 85.19% of the company’s stock.

AppFolio Trading Up 1.4 %

AppFolio stock opened at $253.58 on Friday. The firm has a market capitalization of $9.21 billion, a P/E ratio of 70.64 and a beta of 0.87. The business has a 50-day moving average of $253.99 and a 200-day moving average of $235.99. AppFolio, Inc. has a 1 year low of $189.01 and a 1 year high of $274.56.

AppFolio (NASDAQ:APPF) last issued its quarterly earnings data 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 17.26% and a return on equity of 30.64%. Research analysts anticipate that AppFolio, Inc. will post 3.2 EPS for the current fiscal year.

Insider Activity at AppFolio

In other AppFolio news, insider Matthew S. Mazza sold 5,090 shares of the stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $236.24, for a total value of $1,202,461.60. Following the completion of the sale, the insider now directly owns 28,266 shares in the company, valued at $6,677,559.84. This represents a 15.26 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO William Shane Trigg sold 4,145 shares of AppFolio stock in a transaction dated 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 transaction, the chief executive officer now owns 73,682 shares in the company, valued at $19,401,944.24. This trade represents a 5.33 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 24,606 shares of company stock worth $5,958,832 in the last quarter. Corporate insiders own 5.24% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Keefe, Bruyette & Woods lowered AppFolio from a “market perform” rating to an “underperform” rating and cut their price target for the company from $255.00 to $193.00 in a research note on Tuesday, October 15th. KeyCorp downgraded shares of AppFolio from an “overweight” rating to a “sector weight” rating and set a $253.00 target price on the stock. in a research report on Friday, January 10th. Finally, Piper Sandler lowered shares of AppFolio from an “overweight” rating to a “neutral” rating and set a $265.00 target price on the stock. in a research note on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $268.57.

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.