Ensign Peak Advisors Inc Buys 1,470 Shares of AppFolio, Inc. (NASDAQ:APPF)

Ensign Peak Advisors Inc boosted its holdings in AppFolio, Inc. (NASDAQ:APPF - Free Report) by 6.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 22,798 shares of the software maker's stock after purchasing an additional 1,470 shares during the quarter. Ensign Peak Advisors Inc owned 0.06% of AppFolio worth $5,625,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Exchange Traded Concepts LLC raised its stake in AppFolio by 6.6% in the 4th quarter. Exchange Traded Concepts LLC now owns 642 shares of the software maker's stock worth $158,000 after purchasing an additional 40 shares in the last quarter. Independent Advisor Alliance raised its stake in AppFolio by 2.1% in the 4th quarter. Independent Advisor Alliance now owns 2,607 shares of the software maker's stock worth $643,000 after purchasing an additional 53 shares in the last quarter. Treasurer of the State of North Carolina raised its stake in AppFolio by 0.6% in 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 purchasing an additional 60 shares in the last quarter. Nisa Investment Advisors LLC raised its stake in AppFolio by 11.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 616 shares of the software maker's stock worth $152,000 after purchasing an additional 65 shares in the last quarter. Finally, Jones Financial Companies Lllp raised its stake in AppFolio by 60.4% in the 4th quarter. Jones Financial Companies Lllp now owns 247 shares of the software maker's stock worth $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.

Insider Activity at AppFolio

In other AppFolio news, CEO William Shane Trigg sold 3,501 shares of the business's 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 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 position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 5.24% of the stock is currently owned by insiders.

AppFolio Stock Performance

Shares of AppFolio stock traded up $6.48 during midday trading on Friday, hitting $218.91. 263,350 shares of the company traded hands, compared to its average volume of 271,298. The stock has a market cap of $7.89 billion, a price-to-earnings ratio of 39.44 and a beta of 0.99. The firm's fifty day moving average price is $217.02 and its 200-day moving average price is $231.21. AppFolio, Inc. has a 12 month low of $189.01 and a 12 month high of $274.56.

AppFolio (NASDAQ:APPF - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The software maker reported $1.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.23 by ($0.02). The company had revenue of $217.70 million for the quarter, compared to the consensus estimate of $220.95 million. AppFolio had a net margin of 25.69% and a return on equity of 26.21%. The company's revenue for the quarter was up 15.9% compared to the same quarter last year. During the same period last year, the firm posted $1.05 earnings per share. Equities research analysts forecast that AppFolio, Inc. will post 3.96 earnings per share for the current year.

Analyst Ratings Changes

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

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.