Focus Partners Wealth Has $888,000 Position in AppFolio, Inc. (NASDAQ:APPF)

Focus Partners Wealth raised its stake in shares of AppFolio, Inc. (NASDAQ:APPF - Free Report) by 54.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 3,599 shares of the software maker's stock after purchasing an additional 1,276 shares during the period. Focus Partners Wealth's holdings in AppFolio were worth $888,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in shares of AppFolio by 3.8% in the 4th quarter. Vanguard Group Inc. now owns 2,495,527 shares of the software maker's stock worth $615,696,000 after acquiring an additional 91,174 shares in the last quarter. AQR Capital Management LLC grew its position in AppFolio by 43.2% in the 4th quarter. AQR Capital Management LLC now owns 655,625 shares of the software maker's stock worth $161,756,000 after purchasing an additional 197,700 shares in the last quarter. FMR LLC increased its stake in AppFolio by 881.2% in the 4th quarter. FMR LLC now owns 597,485 shares of the software maker's stock valued at $147,411,000 after buying an additional 536,591 shares during 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 in the last quarter. 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 Buying and Selling

In other AppFolio news, CEO William Shane Trigg sold 5,900 shares of the business's stock in a transaction on Friday, May 16th. The shares were sold at an average price of $211.45, for a total transaction of $1,247,555.00. Following the completion of the sale, the chief executive officer now directly owns 70,647 shares in the company, valued at approximately $14,938,308.15. The trade was a 7.71% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Timothy Mathias Eaton sold 1,057 shares of the company's stock in a transaction on Friday, May 16th. The shares were sold at an average price of $221.13, for a total value of $233,734.41. Following the sale, the chief financial officer now owns 7,176 shares of the company's stock, valued at approximately $1,586,828.88. This trade represents a 12.84% decrease in their position. The disclosure for this sale can be found here. 5.24% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on APPF. Stephens reiterated an "overweight" rating and set a $295.00 price target on shares of AppFolio in a report on Friday, January 31st. Keefe, Bruyette & Woods lowered their target price on AppFolio from $210.00 to $205.00 and set an "underweight" rating on the stock in a research note on Friday, April 25th. Piper Sandler reissued a "neutral" rating and issued a $265.00 price target on shares of AppFolio in a report on Wednesday, April 23rd. DA Davidson upgraded shares of AppFolio to a "strong-buy" rating in a report on Tuesday, May 13th. Finally, William Blair reiterated an "outperform" rating on shares of AppFolio in a research note on Friday, January 31st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $274.43.

AppFolio Trading Up 0.7%

Shares of APPF stock traded up $1.51 during trading on Friday, reaching $209.83. 180,159 shares of the company's stock traded hands, compared to its average volume of 272,106. The firm's 50-day moving average is $216.82 and its 200 day moving average is $231.17. The company has a market capitalization of $7.56 billion, a P/E ratio of 37.81 and a beta of 0.99. AppFolio, Inc. has a 1 year low of $189.01 and a 1 year high of $274.56.

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 the consensus estimate of $1.23 by ($0.02). The company had revenue of $217.70 million for the quarter, compared to analysts' expectations of $220.95 million. AppFolio had a return on equity of 26.21% and a net margin of 25.69%. The company's revenue was up 15.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.05 EPS. As a group, sell-side analysts predict 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.