Unisphere Establishment Buys Shares of 25,300 AppFolio, Inc. (NASDAQ:APPF)

Unisphere Establishment acquired a new stake in AppFolio, Inc. (NASDAQ:APPF - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 25,300 shares of the software maker's stock, valued at approximately $6,242,000. Unisphere Establishment owned about 0.07% of AppFolio as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of APPF. Vanguard Group Inc. increased its holdings in shares of AppFolio by 3.8% during the fourth quarter. Vanguard Group Inc. now owns 2,495,527 shares of the software maker's stock valued at $615,696,000 after purchasing an additional 91,174 shares during the period. AQR Capital Management LLC increased its stake in AppFolio by 43.2% during the 4th quarter. AQR Capital Management LLC now owns 655,625 shares of the software maker's stock valued at $161,756,000 after buying an additional 197,700 shares during the period. FMR LLC raised its position in shares of AppFolio by 881.2% during the 4th quarter. FMR LLC now owns 597,485 shares of the software maker's stock worth $147,411,000 after buying an additional 536,591 shares in the last quarter. Gilder Gagnon Howe & Co. LLC lifted its stake in shares of AppFolio by 4.7% in the 4th quarter. Gilder Gagnon Howe & Co. LLC now owns 572,917 shares of the software maker's stock worth $141,350,000 after acquiring an additional 25,566 shares during the period. Finally, Lord Abbett & CO. LLC boosted its holdings in shares of AppFolio by 82.2% in the third quarter. Lord Abbett & CO. LLC now owns 459,285 shares of the software maker's stock valued at $108,116,000 after acquiring an additional 207,204 shares in the last quarter. 85.19% of the stock is currently owned by institutional investors.

Insider Transactions at AppFolio

In other AppFolio news, Director Alexander Wolf bought 9,678 shares of the stock in a transaction on Thursday, February 13th. The shares were bought at an average price 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 $692,977.06. The trade was a -150.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO William Shane Trigg sold 3,501 shares of the firm's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $217.27, for a total transaction of $760,662.27. Following the sale, the chief executive officer now owns 83,824 shares of the company's stock, valued at approximately $18,212,440.48. This represents a 4.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.24% of the stock is currently owned by insiders.

AppFolio Stock Performance

APPF traded up $5.43 during trading on Friday, reaching $212.06. The company had a trading volume of 244,348 shares, compared to its average volume of 270,303. AppFolio, Inc. has a 12-month low of $189.01 and a 12-month high of $274.56. The company has a market cap of $7.64 billion, a price-to-earnings ratio of 38.21 and a beta of 0.99. The firm's 50-day simple moving average is $217.28 and its 200 day simple moving average is $230.37.

AppFolio (NASDAQ:APPF - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The software maker reported $1.21 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.23 by ($0.02). AppFolio had a net margin of 25.69% and a return on equity of 26.21%. The firm had revenue of $217.70 million for the quarter, compared to analyst estimates of $220.95 million. During the same quarter in the prior year, the firm earned $1.05 EPS. The firm's revenue was up 15.9% compared to the same quarter last year. On average, sell-side analysts expect that AppFolio, Inc. will post 3.96 EPS for the current year.

Wall Street Analyst Weigh In

APPF has been the topic of several recent analyst reports. Piper Sandler reissued a "neutral" rating and set a $265.00 target price on shares of AppFolio in a report on Wednesday, April 23rd. KeyCorp downgraded AppFolio from an "overweight" rating to a "sector weight" rating and set a $253.00 price objective on the stock. in a research note on Friday, January 10th. Keefe, Bruyette & Woods decreased their target price on AppFolio from $210.00 to $205.00 and set an "underweight" rating for the company in a research note on Friday, April 25th. Stephens reiterated an "overweight" rating and issued a $295.00 price target on shares of AppFolio in a research report on Friday, January 31st. Finally, DA Davidson reduced their price objective on shares of AppFolio from $300.00 to $275.00 and set a "buy" rating for the company in a research report on Monday, April 14th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $274.43.

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.