Nomura Holdings Inc. Makes New $755,000 Investment in AppFolio, Inc. (NASDAQ:APPF)

Nomura Holdings Inc. purchased a new position in shares of AppFolio, Inc. (NASDAQ:APPF - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 3,062 shares of the software maker's stock, valued at approximately $755,000.

Several other institutional investors also recently bought and sold shares of APPF. Vanguard Group Inc. raised its holdings in shares of AppFolio by 3.8% during the fourth quarter. Vanguard Group Inc. now owns 2,495,527 shares of the software maker's stock valued at $615,696,000 after buying an additional 91,174 shares during the last quarter. AQR Capital Management LLC grew its stake in shares of AppFolio by 43.2% during the fourth quarter. AQR Capital Management LLC now owns 655,625 shares of the software maker's stock valued at $161,756,000 after purchasing an additional 197,700 shares during the last quarter. FMR LLC raised its holdings in AppFolio by 881.2% in the fourth quarter. FMR LLC now owns 597,485 shares of the software maker's stock worth $147,411,000 after purchasing an additional 536,591 shares during the period. Gilder Gagnon Howe & Co. LLC grew its position in AppFolio by 4.7% in the fourth quarter. Gilder Gagnon Howe & Co. LLC now owns 572,917 shares of the software maker's stock valued at $141,350,000 after purchasing an additional 25,566 shares in the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC acquired a new stake in shares of AppFolio during the 4th quarter worth about $103,503,000. 85.19% of the stock is currently owned by institutional investors and hedge funds.

AppFolio Stock Performance

Shares of AppFolio stock traded up $1.51 on Friday, reaching $209.83. The company had a trading volume of 180,159 shares, compared to its average volume of 272,106. AppFolio, Inc. has a 52-week low of $189.01 and a 52-week high of $274.56. The firm's 50 day moving average price is $216.82 and its two-hundred day moving average price is $231.19. The firm has a market cap of $7.56 billion, a PE ratio of 37.81 and a beta of 0.99.

AppFolio (NASDAQ:APPF - Get Free Report) last released its quarterly 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 firm had revenue of $217.70 million for the quarter, compared to analyst estimates of $220.95 million. During the same period in the prior year, the business earned $1.05 earnings per share. AppFolio's revenue for the quarter was up 15.9% on a year-over-year basis. As a group, sell-side analysts predict that AppFolio, Inc. will post 3.96 EPS for the current year.

Insider Buying and Selling at AppFolio

In other news, CEO William Shane Trigg sold 5,900 shares of the business'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 completion of the sale, 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 sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 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 sale, the chief financial officer now directly owns 7,176 shares in the company, valued at $1,586,828.88. The trade was a 12.84% 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.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Stephens reaffirmed an "overweight" rating and issued a $295.00 price objective on shares of AppFolio in a research note on Friday, January 31st. DA Davidson upgraded shares of AppFolio to a "strong-buy" rating in a research note on Tuesday, May 13th. Keefe, Bruyette & Woods cut their target price 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. William Blair restated an "outperform" rating on shares of AppFolio in a research report on Friday, January 31st. Finally, Piper Sandler reaffirmed a "neutral" rating and issued a $265.00 target price on shares of AppFolio in a research note on Wednesday, April 23rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price 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.