Fuller & Thaler Asset Management Inc. Buys 14,975 Shares of AppFolio, Inc. (NASDAQ:APPF)

Fuller & Thaler Asset Management Inc. increased its stake in shares of AppFolio, Inc. (NASDAQ:APPF - Free Report) by 8.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 185,132 shares of the software maker's stock after purchasing an additional 14,975 shares during the period. Fuller & Thaler Asset Management Inc. owned 0.51% of AppFolio worth $45,676,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Tidal Investments LLC lifted its position in shares of AppFolio by 2.9% in the third quarter. Tidal Investments LLC now owns 1,425 shares of the software maker's stock valued at $335,000 after acquiring an additional 40 shares in the last quarter. Exchange Traded Concepts LLC lifted its position in AppFolio by 6.6% during the fourth quarter. Exchange Traded Concepts LLC now owns 642 shares of the software maker's stock worth $158,000 after buying an additional 40 shares during the period. Independent Advisor Alliance lifted its position in AppFolio by 2.1% during the fourth quarter. Independent Advisor Alliance now owns 2,607 shares of the software maker's stock worth $643,000 after buying an additional 53 shares during the period. Treasurer of the State of North Carolina lifted its position in AppFolio by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 9,960 shares of the software maker's stock worth $2,457,000 after buying an additional 60 shares during the period. Finally, Nisa Investment Advisors LLC lifted its position in AppFolio by 11.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 616 shares of the software maker's stock worth $152,000 after buying an additional 65 shares during the period. Hedge funds and other institutional investors own 85.19% of the company's stock.

AppFolio Stock Up 0.1 %

APPF stock traded up $0.20 during midday trading on Tuesday, reaching $201.69. The company's stock had a trading volume of 161,180 shares, compared to its average volume of 269,681. AppFolio, Inc. has a 52 week low of $189.01 and a 52 week high of $274.56. The business's 50-day simple moving average is $217.79 and its 200-day simple moving average is $230.80. The stock has a market cap of $7.34 billion, a PE ratio of 36.30 and a beta of 0.86.

AppFolio (NASDAQ:APPF - Get Free Report) last issued its earnings results on Thursday, April 24th. The software maker reported $1.21 EPS for the quarter, missing the consensus estimate of $1.23 by ($0.02). The business had revenue of $217.70 million for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.05 earnings per share. As a group, equities analysts forecast that AppFolio, Inc. will post 3.96 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

APPF has been the topic of a number of research reports. Keefe, Bruyette & Woods cut their price objective on AppFolio from $210.00 to $205.00 and set an "underweight" rating on the stock in a report on Friday. KeyCorp downgraded AppFolio from an "overweight" rating to a "sector weight" rating and set a $253.00 target price on the stock. in a report on Friday, January 10th. William Blair restated an "outperform" rating on shares of AppFolio in a research note on Friday, January 31st. Piper Sandler restated a "neutral" rating and set a $265.00 price objective on shares of AppFolio in a research note on Wednesday, April 23rd. Finally, Stephens restated an "overweight" rating and set a $295.00 price objective on shares of AppFolio in a research note on Friday, January 31st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $274.43.

Insiders Place Their Bets

In related news, Director Alexander Wolf purchased 9,678 shares of the firm's stock in a transaction dated Thursday, February 13th. The shares were purchased at an average price of $214.81 per share, with a total value of $2,078,931.18. Following the acquisition, the director now directly owns 3,226 shares of the company's stock, valued at approximately $692,977.06. This represents a -150.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO William Shane Trigg sold 3,501 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $217.27, for a total transaction of $760,662.27. Following the transaction, the chief executive officer now directly owns 83,824 shares in the company, valued at approximately $18,212,440.48. This represents a 4.01 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 5.24% of the company's stock.

AppFolio Company 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.