AppFolio, Inc. (NASDAQ:APPF) Shares Sold by Nuveen Asset Management LLC

Nuveen Asset Management LLC decreased its holdings in AppFolio, Inc. (NASDAQ:APPF - Free Report) by 11.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 141,640 shares of the software maker's stock after selling 17,842 shares during the quarter. Nuveen Asset Management LLC owned about 0.39% of AppFolio worth $34,945,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the business. Colonial Trust Co SC purchased a new position in shares of AppFolio in the fourth quarter valued at $28,000. UMB Bank n.a. increased its position in shares of AppFolio by 193.0% in the fourth quarter. UMB Bank n.a. now owns 167 shares of the software maker's stock valued at $41,000 after buying an additional 110 shares in the last quarter. Arcadia Investment Management Corp MI purchased a new position in shares of AppFolio in the fourth quarter valued at $50,000. Aster Capital Management DIFC Ltd increased its position in shares of AppFolio by 10,300.0% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 208 shares of the software maker's stock valued at $51,000 after buying an additional 206 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its position in shares of AppFolio by 1,485.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 222 shares of the software maker's stock valued at $55,000 after buying an additional 208 shares in the last quarter. Hedge funds and other institutional investors own 85.19% of the company's stock.

Wall Street Analyst Weigh In

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

Insider Activity

In other news, 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 transaction, the chief executive officer now directly owns 70,647 shares of the company's stock, valued at $14,938,308.15. The trade was a 7.71% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Timothy Mathias Eaton sold 1,057 shares of AppFolio stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $221.13, for a total value of $233,734.41. Following the completion of the transaction, the chief financial officer now directly owns 7,176 shares in the company, valued at $1,586,828.88. This represents a 12.84% 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.

AppFolio Trading Up 0.7%

APPF traded up $1.51 during midday trading on Friday, hitting $209.83. The company's stock had a trading volume of 180,159 shares, compared to its average volume of 271,808. The firm has a market cap of $7.56 billion, a P/E ratio of 37.81 and a beta of 0.99. The firm has a 50-day moving average price of $216.82 and a two-hundred day moving average price of $231.15. AppFolio, Inc. has a 52-week low of $189.01 and a 52-week high of $274.56.

AppFolio (NASDAQ:APPF - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The software maker reported $1.21 EPS for the quarter, missing the consensus estimate of $1.23 by ($0.02). The business 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%. The firm's quarterly revenue was up 15.9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.05 EPS. On average, equities analysts expect that AppFolio, Inc. will post 3.96 EPS for the current 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.