AppFolio, Inc. (NASDAQ:APPF) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. trimmed its holdings in AppFolio, Inc. (NASDAQ:APPF) by 5.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 166,842 shares of the software maker’s stock after selling 9,973 shares during the period. Charles Schwab Investment Management Inc. owned 0.46% of AppFolio worth $41,163,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in APPF. UMB Bank n.a. lifted its holdings in shares of AppFolio by 193.0% in the fourth quarter. UMB Bank n.a. now owns 167 shares of the software maker’s stock valued at $41,000 after purchasing an additional 110 shares in the last quarter. Arcadia Investment Management Corp MI acquired a new position in shares of AppFolio during the 4th quarter worth approximately $50,000. Jones Financial Companies Lllp lifted its stake in AppFolio by 60.4% in the 4th quarter. Jones Financial Companies Lllp now owns 247 shares of the software maker’s stock valued at $61,000 after buying an additional 93 shares in the last quarter. Blue Trust Inc. grew its holdings in AppFolio by 126.5% during the 4th quarter. Blue Trust Inc. now owns 265 shares of the software maker’s stock valued at $62,000 after buying an additional 148 shares during the last quarter. Finally, True Wealth Design LLC purchased a new position in AppFolio during the third quarter worth $79,000. 85.19% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other AppFolio news, Director Alexander Wolf purchased 9,678 shares of the business’s stock in a transaction that occurred on Thursday, February 13th. The shares were purchased at an average price of $214.81 per share, for a total transaction of $2,078,931.18. Following the completion of the acquisition, the director now owns 3,226 shares of the company’s stock, valued at approximately $692,977.06. This represents a -150.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Matthew S. Mazza sold 838 shares of AppFolio 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 in the company, valued at approximately $5,795,565.30. This trade 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.

AppFolio Price Performance

APPF opened at $216.74 on Friday. AppFolio, Inc. has a 12 month low of $189.01 and a 12 month high of $274.56. The business has a 50-day moving average of $231.33 and a two-hundred day moving average of $233.01. The stock has a market capitalization of $7.89 billion, a price-to-earnings ratio of 39.05 and a beta of 0.89.

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%. Equities research analysts anticipate that AppFolio, Inc. will post 3.96 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have recently issued reports on APPF. Stephens restated an “overweight” rating and issued a $295.00 price objective on shares of AppFolio in a research report on Friday, January 31st. Piper Sandler reissued a “neutral” rating and issued a $265.00 target price on shares of AppFolio in a research note on Friday, January 31st. William Blair reaffirmed an “outperform” rating on shares of AppFolio in a research note on Friday, January 31st. Finally, KeyCorp downgraded shares of AppFolio from an “overweight” rating to a “sector weight” rating and set a $253.00 price target for the company. in a report on Friday, January 10th. One analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus 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.