Squarepoint Ops LLC Sells 53,956 Shares of AppFolio, Inc. (NASDAQ:APPF)

Squarepoint Ops LLC decreased its stake in AppFolio, Inc. (NASDAQ:APPF - Free Report) by 31.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 118,199 shares of the software maker's stock after selling 53,956 shares during the period. Squarepoint Ops LLC owned approximately 0.33% of AppFolio worth $29,162,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Colonial Trust Co SC acquired a new stake in shares of AppFolio during the fourth quarter valued at about $28,000. UMB Bank n.a. raised its position in shares of AppFolio by 193.0% in the 4th 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 in the last quarter. Arcadia Investment Management Corp MI acquired a new stake in shares of AppFolio during the fourth quarter worth approximately $50,000. Aster Capital Management DIFC Ltd raised its holdings in 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 acquiring an additional 206 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its stake in AppFolio by 1,485.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 222 shares of the software maker's stock worth $55,000 after purchasing an additional 208 shares in the last quarter. Institutional investors and hedge funds own 85.19% of the company's stock.

Analyst Upgrades and Downgrades

APPF has been the topic of several research reports. Stephens restated an "overweight" rating and set a $295.00 price objective on shares of AppFolio in a research note on Friday, January 31st. DA Davidson raised shares of AppFolio to a "strong-buy" rating in a report on Tuesday, May 13th. Piper Sandler reiterated a "neutral" rating and set a $265.00 price objective on shares of AppFolio in a research note on Wednesday, April 23rd. Keefe, Bruyette & Woods cut their target price on shares of AppFolio from $210.00 to $205.00 and set an "underweight" rating on the stock in a report on Friday, April 25th. Finally, William Blair reissued an "outperform" rating on shares of AppFolio in a report 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 assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $274.43.

AppFolio Price Performance

Shares of NASDAQ APPF traded up $1.51 during trading hours on Monday, hitting $209.83. 180,159 shares of the company's stock were exchanged, compared to its average volume of 272,106. The stock has a market capitalization of $7.56 billion, a price-to-earnings ratio of 37.81 and a beta of 0.99. The company's 50-day moving average price is $216.82 and its 200-day moving average price is $231.19. 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 quarterly earnings data on Thursday, April 24th. The software maker reported $1.21 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.23 by ($0.02). The firm 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 business's revenue for the quarter was up 15.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.05 earnings per share. On average, research analysts expect that AppFolio, Inc. will post 3.96 earnings per share for the current year.

Insider Buying and Selling

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 sale, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO William Shane Trigg sold 5,900 shares of the company's stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $211.45, for a total transaction of $1,247,555.00. Following the transaction, the chief executive officer now owns 70,647 shares in the company, valued at $14,938,308.15. The trade was a 7.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.24% of the stock is owned by corporate insiders.

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.