AppFolio, Inc. (NASDAQ:APPF) Shares Sold by Squarepoint Ops LLC

Squarepoint Ops LLC lessened its position in AppFolio, Inc. (NASDAQ:APPF - Free Report) by 31.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. 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 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of APPF. FMR LLC increased its stake in AppFolio by 881.2% during 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 period. Kayne Anderson Rudnick Investment Management LLC acquired a new position in AppFolio during the 4th quarter valued at about $103,503,000. Norges Bank acquired a new position in AppFolio during the 4th quarter valued at about $68,037,000. AQR Capital Management LLC increased its stake in AppFolio by 43.2% during the 4th quarter. AQR Capital Management LLC now owns 655,625 shares of the software maker's stock valued at $161,756,000 after buying an additional 197,700 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its stake in AppFolio by 227.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 233,892 shares of the software maker's stock valued at $57,706,000 after buying an additional 162,540 shares during the period. Institutional investors and hedge funds own 85.19% of the company's stock.

AppFolio Price Performance

AppFolio stock opened at $213.47 on Wednesday. The firm's 50 day simple moving average is $217.24 and its 200-day simple moving average is $231.39. The company has a market cap of $7.69 billion, a P/E ratio of 38.46 and a beta of 0.99. AppFolio, Inc. has a fifty-two week low of $189.01 and a fifty-two week 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 for the quarter, missing the consensus estimate of $1.23 by ($0.02). The firm had revenue of $217.70 million during 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 business's revenue was up 15.9% on a year-over-year basis. During the same period last year, the business earned $1.05 earnings per share. On average, analysts expect that AppFolio, Inc. will post 3.96 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on APPF shares. Keefe, Bruyette & Woods reduced their price objective on shares of AppFolio from $210.00 to $205.00 and set an "underweight" rating for the company in a research report on Friday, April 25th. DA Davidson upgraded shares of AppFolio to a "strong-buy" rating in a research report on Tuesday, May 13th. William Blair restated an "outperform" rating on shares of AppFolio in a research report on Friday, January 31st. Stephens restated an "overweight" rating and set a $295.00 price objective on shares of AppFolio in a research report on Friday, January 31st. Finally, Piper Sandler restated a "neutral" rating and set a $265.00 price objective on shares of AppFolio in a research report on Wednesday, April 23rd. One investment 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 company currently has an average rating of "Moderate Buy" and an average price target of $274.43.

Insider Transactions at AppFolio

In related news, CFO Timothy Mathias Eaton sold 1,057 shares of the firm's stock in a transaction that occurred on 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 sale, the chief financial officer now directly owns 7,176 shares in the company, valued at approximately $1,586,828.88. This trade represents a 12.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO William Shane Trigg sold 5,900 shares of the firm'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 sale, the chief executive officer now owns 70,647 shares of the company's stock, valued at approximately $14,938,308.15. This represents 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 currently owned by insiders.

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.

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