DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Sells 1,812 Shares of AppFolio, Inc. (NASDAQ:APPF)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main decreased its holdings in AppFolio, Inc. (NASDAQ:APPF - Free Report) by 4.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 42,558 shares of the software maker's stock after selling 1,812 shares during the quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main owned 0.12% of AppFolio worth $10,500,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of APPF. Colonial Trust Co SC acquired a new position in shares of AppFolio in the 4th quarter valued at approximately $28,000. UMB Bank n.a. grew 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 valued at $41,000 after purchasing an additional 110 shares during the last quarter. Arcadia Investment Management Corp MI bought a new stake in shares of AppFolio during the 4th quarter valued at approximately $50,000. Aster Capital Management DIFC Ltd grew its holdings in shares of AppFolio by 10,300.0% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 208 shares of the software maker's stock valued at $51,000 after purchasing an additional 206 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of AppFolio by 1,485.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 222 shares of the software maker's stock valued at $55,000 after purchasing an additional 208 shares during the last quarter. Institutional investors and hedge funds own 85.19% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on APPF. William Blair reaffirmed an "outperform" rating on shares of AppFolio in a report on Friday, January 31st. Stephens reaffirmed an "overweight" rating and set a $295.00 price target on shares of AppFolio in a report on Friday, January 31st. Keefe, Bruyette & Woods decreased their price target on shares of AppFolio from $210.00 to $205.00 and set an "underweight" rating on the stock in a report on Friday, April 25th. Piper Sandler reaffirmed a "neutral" rating and set a $265.00 price target on shares of AppFolio in a report on Wednesday, April 23rd. Finally, DA Davidson raised shares of AppFolio to a "strong-buy" rating in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $274.43.

AppFolio Trading Down 0.2%

APPF traded down $0.41 during trading on Thursday, reaching $211.71. 77,376 shares of the company's stock were exchanged, compared to its average volume of 270,204. AppFolio, Inc. has a one year low of $189.01 and a one year high of $274.56. The stock has a market capitalization of $7.63 billion, a PE ratio of 38.14 and a beta of 0.99. The firm has a fifty day moving average price of $217.00 and a two-hundred day moving average price of $231.18.

AppFolio (NASDAQ:APPF - Get Free Report) last posted its earnings results on Thursday, April 24th. The software maker reported $1.21 earnings per share 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 business had revenue of $217.70 million for the quarter, compared to the consensus estimate of $220.95 million. During the same period in the previous year, the firm earned $1.05 earnings per share. The company's revenue was up 15.9% compared to the same quarter last year. Sell-side analysts expect that AppFolio, Inc. will post 3.96 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO William Shane Trigg sold 3,501 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $217.27, for a total transaction of $760,662.27. Following the transaction, the chief executive officer now owns 83,824 shares of the company's stock, valued at $18,212,440.48. This represents a 4.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company 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.