Barclays PLC Has $4.46 Million Position in AppFolio, Inc. (NASDAQ:APPF)

Barclays PLC increased its stake in AppFolio, Inc. (NASDAQ:APPF - Free Report) by 82.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 18,084 shares of the software maker's stock after purchasing an additional 8,196 shares during the period. Barclays PLC's holdings in AppFolio were worth $4,463,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Fortis Capital Advisors LLC acquired a new position in shares of AppFolio during the fourth quarter worth about $597,000. Covestor Ltd boosted its position in AppFolio by 39.9% during the 4th quarter. Covestor Ltd now owns 1,118 shares of the software maker's stock worth $276,000 after acquiring an additional 319 shares during the last quarter. Treasurer of the State of North Carolina grew its stake in shares of AppFolio by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 9,960 shares of the software maker's stock worth $2,457,000 after acquiring an additional 60 shares in the last quarter. Neuberger Berman Group LLC bought a new position in shares of AppFolio during the 4th quarter worth approximately $278,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of AppFolio in the fourth quarter valued at approximately $30,195,000. Institutional investors own 85.19% of the company's stock.

Insider Activity at AppFolio

In related news, Director Alexander Wolf acquired 9,678 shares of the stock in a transaction that occurred on Thursday, February 13th. The stock was acquired at an average cost of $214.81 per share, for a total transaction of $2,078,931.18. Following the transaction, the director now directly owns 3,226 shares in the company, valued at $692,977.06. This trade represents a -150.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO William Shane Trigg sold 3,501 shares of the company'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 transaction, the chief executive officer now directly owns 83,824 shares of the company's stock, valued at approximately $18,212,440.48. The trade was a 4.01 % decrease in their position. The disclosure for this sale can be found here. 5.24% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages have recently weighed in on APPF. Stephens restated an "overweight" rating and issued a $295.00 price objective on shares of AppFolio in a report on Friday, January 31st. DA Davidson decreased their price target on AppFolio from $300.00 to $275.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Keefe, Bruyette & Woods dropped their price objective on 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 target price for the company. in a research note on Friday, January 10th. Finally, William Blair reaffirmed an "outperform" rating on shares of AppFolio in a research report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $274.43.

AppFolio Stock Performance

Shares of NASDAQ APPF traded up $2.80 during midday trading on Wednesday, reaching $206.52. The company's stock had a trading volume of 452,103 shares, compared to its average volume of 270,693. The company has a market cap of $7.52 billion, a P/E ratio of 37.21 and a beta of 0.86. AppFolio, Inc. has a fifty-two week low of $189.01 and a fifty-two week high of $274.56. The business's 50 day moving average price is $217.54 and its two-hundred day moving average price is $230.61.

AppFolio (NASDAQ:APPF - Get Free Report) last announced its quarterly earnings data 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 return on equity of 26.21% and a net margin of 25.69%. 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 previous year, the company earned $1.05 earnings per share. The company's quarterly revenue was up 15.9% on a year-over-year basis. Sell-side analysts forecast that AppFolio, Inc. will post 3.96 earnings per share for the current fiscal year.

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.