AppFolio, Inc. (NASDAQ:APPF) Shares Bought by Vident Advisory LLC

Vident Advisory LLC boosted its stake in shares of AppFolio, Inc. (NASDAQ:APPF - Free Report) by 32.9% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 6,846 shares of the software maker's stock after purchasing an additional 1,696 shares during the period. Vident Advisory LLC's holdings in AppFolio were worth $1,689,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in APPF. South Dakota Investment Council grew its position in shares of AppFolio by 94.4% during the 4th quarter. South Dakota Investment Council now owns 3,500 shares of the software maker's stock valued at $864,000 after acquiring an additional 1,700 shares during the period. Bryce Point Capital LLC acquired a new stake in shares of AppFolio during the 4th quarter valued at about $1,392,000. Hsbc Holdings PLC acquired a new stake in shares of AppFolio during the 4th quarter valued at about $557,000. Sei Investments Co. grew its position in shares of AppFolio by 9.4% during the 4th quarter. Sei Investments Co. now owns 45,826 shares of the software maker's stock valued at $11,306,000 after acquiring an additional 3,935 shares during the period. Finally, SYM FINANCIAL Corp acquired a new stake in shares of AppFolio during the 4th quarter valued at about $292,000. 85.19% of the stock is owned by institutional investors and hedge funds.

AppFolio Stock Down 1.7%

Shares of AppFolio stock traded down $3.60 during mid-day trading on Wednesday, reaching $209.76. 24,470 shares of the stock traded hands, compared to its average volume of 313,320. The business has a 50-day moving average of $216.63 and a 200 day moving average of $230.94. AppFolio, Inc. has a fifty-two week low of $189.01 and a fifty-two week high of $274.56. The stock has a market capitalization of $7.56 billion, a PE ratio of 37.79 and a beta of 0.99.

AppFolio (NASDAQ:APPF - Get Free Report) last issued 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 company had revenue of $217.70 million for the quarter, compared to analyst estimates of $220.95 million. AppFolio had a return on equity of 26.21% and a net margin of 25.69%. The company'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 earned $1.05 earnings per share. On average, equities research analysts expect that AppFolio, Inc. will post 3.96 EPS for the current fiscal year.

Insider Activity

In related news, CFO Timothy Mathias Eaton sold 1,057 shares of the business's stock in a transaction 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 transaction, the chief financial officer now owns 7,176 shares in the company, valued at approximately $1,586,828.88. The trade was a 12.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO William Shane Trigg sold 5,900 shares of the company's stock in a transaction on Friday, May 16th. The shares were sold at an average price of $211.45, for a total transaction of $1,247,555.00. Following the completion of the transaction, the chief executive officer now owns 70,647 shares of the company's stock, valued at $14,938,308.15. This represents a 7.71% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 5.24% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on APPF shares. Piper Sandler restated a "neutral" rating and set a $265.00 target price on shares of AppFolio in a research report on Wednesday, April 23rd. 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 target price on shares of AppFolio in a research report on Friday, January 31st. Keefe, Bruyette & Woods lowered their price objective on AppFolio from $210.00 to $205.00 and set an "underweight" rating on the stock in a report on Friday, April 25th. Finally, DA Davidson upgraded AppFolio to a "strong-buy" rating in a research note on Tuesday, May 13th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average 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.