AppFolio, Inc. (NASDAQ:APPF) Shares Acquired by Axa S.A.

Axa S.A. raised its stake in shares of AppFolio, Inc. (NASDAQ:APPF - Free Report) by 40.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 52,666 shares of the software maker's stock after purchasing an additional 15,190 shares during the period. Axa S.A. owned 0.14% of AppFolio worth $12,994,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of APPF. UMB Bank n.a. increased its holdings in shares of AppFolio by 193.0% during the 4th quarter. UMB Bank n.a. now owns 167 shares of the software maker's stock worth $41,000 after buying an additional 110 shares during the last quarter. Arcadia Investment Management Corp MI acquired a new stake in AppFolio during the fourth quarter worth about $50,000. Aster Capital Management DIFC Ltd increased its stake in AppFolio by 10,300.0% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 208 shares of the software maker's stock worth $51,000 after acquiring an additional 206 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of AppFolio by 1,485.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 222 shares of the software maker's stock worth $55,000 after purchasing an additional 208 shares during the period. Finally, Jones Financial Companies Lllp lifted its stake in shares of 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 purchasing an additional 93 shares in the last quarter. Institutional investors and hedge funds own 85.19% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on APPF shares. Stephens restated an "overweight" rating and issued a $295.00 price target on shares of AppFolio in a report on Friday, January 31st. Keefe, Bruyette & Woods cut their target price on shares of AppFolio from $210.00 to $205.00 and set an "underweight" rating on the stock in a research note on Friday, April 25th. KeyCorp cut shares of AppFolio from an "overweight" rating to a "sector weight" rating and set a $253.00 price target for the company. in a research report on Friday, January 10th. Piper Sandler reissued a "neutral" rating and issued a $265.00 price objective on shares of AppFolio in a research report on Wednesday, April 23rd. Finally, DA Davidson decreased their target price on AppFolio from $300.00 to $275.00 and set a "buy" rating for the company in a research report on Monday, April 14th. One investment 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. According to MarketBeat, AppFolio presently has an average rating of "Hold" and an average price target of $274.43.

AppFolio Stock Performance

Shares of NASDAQ APPF opened at $214.34 on Tuesday. The firm has a market cap of $7.72 billion, a price-to-earnings ratio of 38.62 and a beta of 0.99. AppFolio, Inc. has a 1 year low of $189.01 and a 1 year high of $274.56. The stock's 50-day simple moving average is $217.31 and its 200-day simple moving average is $230.86.

AppFolio (NASDAQ:APPF - Get Free Report) last announced its 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 business had revenue of $217.70 million during the quarter, compared to analyst estimates of $220.95 million. During the same period in the previous year, the company earned $1.05 earnings per share. The business's revenue for the quarter was up 15.9% on a year-over-year basis. As a group, research analysts predict that AppFolio, Inc. will post 3.96 EPS for the current year.

Insider Buying and Selling at AppFolio

In related news, CEO William Shane Trigg sold 3,501 shares of the business's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $217.27, for a total value of $760,662.27. Following the completion of the sale, the chief executive officer now directly owns 83,824 shares of the company's stock, valued at $18,212,440.48. The trade was a 4.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Alexander Wolf bought 9,678 shares of AppFolio stock in a transaction on Thursday, February 13th. The shares were purchased at an average cost of $214.81 per share, for a total transaction of $2,078,931.18. Following the acquisition, the director now owns 3,226 shares in the company, valued at $692,977.06. The trade was 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 insiders.

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.

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