Robeco Institutional Asset Management B.V. Sells 12,016 Shares of AppFolio, Inc. (NASDAQ:APPF)

Robeco Institutional Asset Management B.V. trimmed its stake in shares of AppFolio, Inc. (NASDAQ:APPF - Free Report) by 91.8% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,073 shares of the software maker's stock after selling 12,016 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in AppFolio were worth $236,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in APPF. Colonial Trust Co SC purchased a new stake in AppFolio during the 4th quarter valued at $28,000. Fifth Third Bancorp grew its holdings in shares of AppFolio by 53.0% in the first quarter. Fifth Third Bancorp now owns 179 shares of the software maker's stock worth $39,000 after acquiring an additional 62 shares during the period. Versant Capital Management Inc grew its holdings in shares of AppFolio by 4,975.0% in the first quarter. Versant Capital Management Inc now owns 203 shares of the software maker's stock worth $45,000 after acquiring an additional 199 shares during the period. Aster Capital Management DIFC Ltd increased its position in AppFolio by 10,300.0% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 208 shares of the software maker's stock valued at $51,000 after acquiring an additional 206 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in 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 acquiring an additional 208 shares during the period. Institutional investors own 85.19% of the company's stock.

Insider Transactions at AppFolio

In other AppFolio news, Director Robert Donald Casey III purchased 4,000 shares of the firm's stock in a transaction that occurred on Friday, June 6th. The shares were bought at an average price of $217.73 per share, with a total value of $870,920.00. Following the completion of the purchase, the director directly owned 27,856 shares in the company, valued at $6,065,086.88. This trade represents a 16.77% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Elizabeth Erin Barat sold 4,682 shares of the stock in a transaction on Wednesday, June 11th. The shares were sold at an average price of $227.79, for a total transaction of $1,066,512.78. Following the transaction, the insider owned 17,926 shares of the company's stock, valued at $4,083,363.54. This trade represents a 20.71% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders bought 18,500 shares of company stock valued at $4,024,220 and sold 11,639 shares valued at $2,547,802. 4.68% of the stock is owned by company insiders.

AppFolio Stock Performance

Shares of NASDAQ APPF traded up $2.93 during trading on Thursday, hitting $235.58. The company had a trading volume of 159,120 shares, compared to its average volume of 267,597. AppFolio, Inc. has a 12 month low of $189.01 and a 12 month high of $274.56. The firm has a market capitalization of $8.49 billion, a P/E ratio of 43.95 and a beta of 0.88. The stock has a 50 day simple moving average of $217.55 and a 200 day simple moving average of $226.41.

AppFolio (NASDAQ:APPF - Get Free Report) last released its quarterly earnings data 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 23.87% and a return on equity of 25.83%. The company's quarterly revenue was up 15.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.05 EPS. As a group, analysts predict that AppFolio, Inc. will post 3.96 EPS for the current year.

Wall Street Analysts Forecast Growth

APPF has been the subject of a number of recent research reports. Keefe, Bruyette & Woods cut their price target on AppFolio from $210.00 to $205.00 and set an "underweight" rating for the company in a research note on Friday, April 25th. Piper Sandler reissued a "neutral" rating and issued a $265.00 price objective on shares of AppFolio in a report on Wednesday, April 23rd. Finally, DA Davidson upgraded shares of AppFolio to a "strong-buy" rating in a research report on Tuesday, May 13th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $274.43.

AppFolio 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.