Crestline Management LP acquired a new position in AppFolio, Inc. (NASDAQ:APPF - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 1,200 shares of the software maker's stock, valued at approximately $296,000.
Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of AppFolio by 3.8% during the 4th quarter. Vanguard Group Inc. now owns 2,495,527 shares of the software maker's stock valued at $615,696,000 after acquiring an additional 91,174 shares in the last quarter. AQR Capital Management LLC grew its stake in shares of AppFolio by 43.2% in the 4th quarter. AQR Capital Management LLC now owns 655,625 shares of the software maker's stock valued at $161,756,000 after purchasing an additional 197,700 shares during the period. FMR LLC raised its holdings in shares of AppFolio by 881.2% in 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 position in shares of AppFolio by 4.7% during the 4th quarter. Gilder Gagnon Howe & Co. LLC now owns 572,917 shares of the software maker's stock worth $141,350,000 after buying an additional 25,566 shares during the period. Finally, Kayne Anderson Rudnick Investment Management LLC bought a new position in shares of AppFolio during the 4th quarter worth approximately $103,503,000. 85.19% of the stock is owned by hedge funds and other institutional investors.
Insider Activity at AppFolio
In other news, CEO William Shane Trigg sold 3,501 shares of the business'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 value of $760,662.27. Following the transaction, the chief executive officer now owns 83,824 shares in the company, valued at $18,212,440.48. The trade was a 4.01% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 5.24% of the stock is currently owned by corporate insiders.
AppFolio Stock Performance
Shares of APPF stock traded up $5.81 during mid-day trading on Friday, hitting $218.24. The company's stock had a trading volume of 106,976 shares, compared to its average volume of 322,437. The company's fifty day simple moving average is $216.93 and its 200-day simple moving average is $231.20. AppFolio, Inc. has a 52 week low of $189.01 and a 52 week high of $274.56. The company has a market cap of $7.86 billion, a PE ratio of 39.32 and a beta of 0.99.
AppFolio (NASDAQ:APPF - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The software maker reported $1.21 earnings per share for the quarter, missing the consensus estimate of $1.23 by ($0.02). AppFolio had a return on equity of 26.21% and a net margin of 25.69%. The business had revenue of $217.70 million during the quarter, compared to the consensus estimate of $220.95 million. During the same period last year, the business posted $1.05 earnings per share. The business's revenue was up 15.9% on a year-over-year basis. On average, equities analysts anticipate that AppFolio, Inc. will post 3.96 earnings per share for the current year.
Analyst Ratings Changes
Several brokerages have issued reports on APPF. Piper Sandler reiterated a "neutral" rating and issued a $265.00 price objective on shares of AppFolio in a research report on Wednesday, April 23rd. Stephens restated an "overweight" rating and issued a $295.00 price target on shares of AppFolio in a report on Friday, January 31st. DA Davidson upgraded AppFolio to a "strong-buy" rating in a report on Tuesday. William Blair reaffirmed an "outperform" rating on shares of AppFolio in a research report on Friday, January 31st. Finally, Keefe, Bruyette & Woods reduced their price target on AppFolio from $210.00 to $205.00 and set an "underweight" rating on the stock in a research report on Friday, April 25th. One research analyst has rated the stock with a sell rating, three have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, AppFolio presently has an average rating of "Moderate Buy" and an average target price of $274.43.
Get Our Latest Stock Analysis on APPF
AppFolio Profile
(
Free Report)
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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