Vanguard Group Inc. Acquires 91,174 Shares of AppFolio, Inc. (NASDAQ:APPF)

Vanguard Group Inc. raised its holdings in shares of AppFolio, Inc. (NASDAQ:APPF) by 3.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,495,527 shares of the software maker’s stock after acquiring an additional 91,174 shares during the quarter. Vanguard Group Inc. owned about 6.87% of AppFolio worth $615,696,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. UMB Bank n.a. grew its position 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 bought a new stake in shares of AppFolio during the fourth quarter valued at about $50,000. EverSource Wealth Advisors LLC lifted its holdings in shares of AppFolio by 1,485.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 222 shares of the software maker’s stock worth $55,000 after buying an additional 208 shares in the last quarter. Jones Financial Companies Lllp boosted its position in shares of AppFolio by 60.4% in the fourth quarter. Jones Financial Companies Lllp now owns 247 shares of the software maker’s stock valued at $61,000 after acquiring an additional 93 shares during the period. Finally, Blue Trust Inc. boosted its position in shares of AppFolio by 126.5% in the fourth quarter. Blue Trust Inc. now owns 265 shares of the software maker’s stock valued at $62,000 after acquiring an additional 148 shares during the period. Institutional investors own 85.19% of the company’s stock.

AppFolio Price Performance

NASDAQ:APPF opened at $221.30 on Monday. The company has a market capitalization of $8.06 billion, a price-to-earnings ratio of 39.87 and a beta of 0.89. The business has a 50 day moving average of $225.38 and a 200 day moving average of $232.54. AppFolio, Inc. has a 1-year low of $189.01 and a 1-year high of $274.56.

AppFolio (NASDAQ:APPF) last announced 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 25.69% and a return on equity of 26.21%. As a group, sell-side analysts anticipate that AppFolio, Inc. will post 3.96 EPS for the current year.

Analyst Upgrades and Downgrades

APPF has been the topic of several recent analyst reports. Piper Sandler reiterated a “neutral” rating and issued a $265.00 target price on shares of AppFolio in a research note on Friday, January 31st. KeyCorp lowered AppFolio from an “overweight” rating to a “sector weight” rating and set a $253.00 price objective for the company. in a research note on Friday, January 10th. William Blair restated an “outperform” rating on shares of AppFolio in a research note on Friday, January 31st. Finally, Stephens reiterated an “overweight” rating and set a $295.00 price target on shares of AppFolio in a research report on Friday, January 31st. One equities 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. According to data from MarketBeat, AppFolio presently has a consensus rating of “Hold” and an average price target of $276.29.

Insider Activity

In other news, CEO William Shane Trigg sold 3,501 shares of the firm’s 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 transaction, the chief executive officer now owns 83,824 shares in the company, valued at approximately $18,212,440.48. This trade represents a 4.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Matthew S. Mazza sold 838 shares of AppFolio stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $255.30, for a total transaction of $213,941.40. Following the completion of the transaction, the insider now directly owns 22,701 shares in the company, valued at approximately $5,795,565.30. The trade was a 3.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 5.24% of the company’s stock.

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.