AppFolio, Inc. (NASDAQ:APPF) Position Boosted by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lifted its stake in shares of AppFolio, Inc. (NASDAQ:APPF - Free Report) by 45.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 189,405 shares of the software maker's stock after purchasing an additional 59,279 shares during the period. Dimensional Fund Advisors LP owned 0.52% of AppFolio worth $46,731,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. UMB Bank n.a. lifted its stake in AppFolio by 193.0% in the 4th 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 during the last quarter. Arcadia Investment Management Corp MI purchased a new position in AppFolio during the 4th quarter worth $50,000. Aster Capital Management DIFC Ltd lifted its holdings 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 period. EverSource Wealth Advisors LLC boosted its position in AppFolio by 1,485.7% during the fourth 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 raised its holdings 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 acquiring an additional 93 shares in the last quarter. 85.19% of the stock is currently owned by institutional investors and hedge funds.

AppFolio Trading Up 0.1 %

Shares of AppFolio stock traded up $0.22 during trading hours on Friday, hitting $215.97. 42,330 shares of the company were exchanged, compared to its average volume of 269,403. The business has a 50-day moving average of $217.39 and a 200-day moving average of $230.73. AppFolio, Inc. has a 1 year low of $189.01 and a 1 year high of $274.56. The stock has a market capitalization of $7.78 billion, a price-to-earnings ratio of 38.91 and a beta of 0.99.

AppFolio (NASDAQ:APPF - Get Free Report) last posted 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). The company had revenue of $217.70 million during the quarter, compared to analysts' expectations of $220.95 million. AppFolio had a net margin of 25.69% and a return on equity of 26.21%. AppFolio's quarterly revenue was up 15.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.05 EPS. As a group, research analysts anticipate that AppFolio, Inc. will post 3.96 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on APPF shares. William Blair restated an "outperform" rating on shares of AppFolio in a report on Friday, January 31st. KeyCorp downgraded AppFolio from an "overweight" rating to a "sector weight" rating and set a $253.00 price target for the company. in a research note on Friday, January 10th. DA Davidson cut their target price on shares of AppFolio from $300.00 to $275.00 and set a "buy" rating for the company in a report on Monday, April 14th. Stephens restated an "overweight" rating and set a $295.00 price target on shares of AppFolio in a report on Friday, January 31st. Finally, Piper Sandler reaffirmed a "neutral" rating and issued a $265.00 price target on shares of AppFolio in a research note on Wednesday, April 23rd. One equities research 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. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $274.43.

Insider Activity

In related news, Director Alexander Wolf purchased 9,678 shares of the company's stock in a transaction dated Thursday, February 13th. The shares were 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 owns 3,226 shares of the company's stock, valued at $692,977.06. This trade represents a -150.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO William Shane Trigg sold 3,501 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $217.27, for a total transaction of $760,662.27. Following the completion of the transaction, the chief executive officer now owns 83,824 shares of the company's stock, valued at $18,212,440.48. This trade represents a 4.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 5.24% of the company's stock.

About AppFolio

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.