Gilder Gagnon Howe & Co. LLC Purchases 25,566 Shares of AppFolio, Inc. (NASDAQ:APPF)

Gilder Gagnon Howe & Co. LLC increased its holdings in shares of AppFolio, Inc. (NASDAQ:APPF - Free Report) by 4.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 572,917 shares of the software maker's stock after acquiring an additional 25,566 shares during the quarter. AppFolio comprises about 1.5% of Gilder Gagnon Howe & Co. LLC's investment portfolio, making the stock its 16th largest holding. Gilder Gagnon Howe & Co. LLC owned approximately 1.58% of AppFolio worth $141,350,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Exchange Traded Concepts LLC raised its stake 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 acquiring an additional 40 shares in the last quarter. Independent Advisor Alliance lifted its stake in AppFolio by 2.1% in the fourth quarter. Independent Advisor Alliance now owns 2,607 shares of the software maker's stock valued at $643,000 after buying an additional 53 shares during the period. Treasurer of the State of North Carolina increased its stake in AppFolio by 0.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 9,960 shares of the software maker's stock valued at $2,457,000 after purchasing an additional 60 shares in the last quarter. Nisa Investment Advisors LLC grew its stake in AppFolio by 11.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 616 shares of the software maker's stock valued at $152,000 after acquiring an additional 65 shares during the period. Finally, Jones Financial Companies Lllp grew its position in AppFolio by 60.4% in the 4th quarter. Jones Financial Companies Lllp now owns 247 shares of the software maker's stock valued at $61,000 after purchasing an additional 93 shares during the period. 85.19% of the stock is currently owned by institutional investors and hedge funds.

AppFolio Trading Down 0.4 %

AppFolio stock traded down $0.73 during trading hours on Thursday, hitting $205.80. 164,221 shares of the stock traded hands, compared to its average volume of 269,445. The company has a market cap of $7.49 billion, a PE ratio of 36.99 and a beta of 0.86. The firm's 50-day moving average price is $217.43 and its two-hundred day moving average price is $230.44. AppFolio, Inc. has a one year low of $189.01 and a one year high of $274.56.

AppFolio (NASDAQ:APPF - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The software maker reported $1.21 EPS for the quarter, missing analysts' consensus estimates of $1.23 by ($0.02). The company had revenue of $217.70 million during 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 for the quarter was up 15.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.05 earnings per share. On average, sell-side analysts expect that AppFolio, Inc. will post 3.96 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have weighed in on APPF shares. DA Davidson dropped their price objective on AppFolio from $300.00 to $275.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Keefe, Bruyette & Woods cut their price objective on shares of AppFolio from $210.00 to $205.00 and set an "underweight" rating for the company in a report on Friday, April 25th. Stephens reaffirmed an "overweight" rating and set a $295.00 price objective on shares of AppFolio in a research note on Friday, January 31st. KeyCorp downgraded shares of AppFolio from an "overweight" rating to a "sector weight" rating and set a $253.00 target price on the stock. in a research note on Friday, January 10th. Finally, Piper Sandler restated a "neutral" rating and issued a $265.00 target price on shares of AppFolio in a research report on Wednesday, April 23rd. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $274.43.

Insider Buying and Selling

In related news, Director Alexander Wolf acquired 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 completion of the purchase, the director now directly owns 3,226 shares of the company's stock, valued at $692,977.06. This represents a -150.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO William Shane Trigg sold 3,501 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $217.27, for a total transaction of $760,662.27. Following the completion of the sale, the chief executive officer now directly owns 83,824 shares of the company's stock, valued at approximately $18,212,440.48. This trade represents a 4.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.24% of the stock is owned by company 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.