Man Group plc Grows Stock Holdings in AppFolio, Inc. (NASDAQ:APPF)

Man Group plc lifted its position in AppFolio, Inc. (NASDAQ:APPF - Free Report) by 38.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 63,729 shares of the software maker's stock after buying an additional 17,614 shares during the period. Man Group plc owned about 0.18% of AppFolio worth $15,723,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Barclays PLC increased its holdings in AppFolio by 20.5% in the 3rd quarter. Barclays PLC now owns 9,888 shares of the software maker's stock worth $2,327,000 after buying an additional 1,681 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of AppFolio by 13.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 52,007 shares of the software maker's stock valued at $12,831,000 after acquiring an additional 5,985 shares during the last quarter. Merit Financial Group LLC bought a new stake in shares of AppFolio in the fourth quarter worth approximately $560,000. Somerset Trust Co purchased a new position in shares of AppFolio during the fourth quarter valued at approximately $203,000. Finally, UMB Bank n.a. lifted its position in AppFolio by 193.0% during the fourth 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 period. Hedge funds and other institutional investors own 85.19% of the company's stock.

AppFolio Stock Up 1.0%

APPF stock traded up $2.11 during trading on Friday, reaching $210.43. The company's stock had a trading volume of 40,944 shares, compared to its average volume of 270,956. The company's fifty day moving average is $216.88 and its 200-day moving average is $231.19. The company has a market capitalization of $7.58 billion, a P/E ratio of 37.92 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 released 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). 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 analysts' expectations of $220.95 million. During the same quarter in the prior year, the business posted $1.05 EPS. The business's revenue for the quarter was up 15.9% compared to the same quarter last year. Analysts anticipate that AppFolio, Inc. will post 3.96 earnings per share for the current year.

Insider Buying and Selling at AppFolio

In other AppFolio news, CFO Timothy Mathias Eaton sold 1,057 shares of the stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $221.13, for a total transaction of $233,734.41. Following the completion of the transaction, the chief financial officer now owns 7,176 shares of the company's stock, valued at $1,586,828.88. This represents a 12.84% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO William Shane Trigg sold 5,900 shares of AppFolio stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $211.45, for a total value 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 $14,938,308.15. This trade represents a 7.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 5.24% of the company's stock.

Wall Street Analyst Weigh In

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