Janus Henderson Group PLC Purchases 66,438 Shares of AppFolio, Inc. (NASDAQ:APPF)

Janus Henderson Group PLC increased its stake in shares of AppFolio, Inc. (NASDAQ:APPF - Free Report) by 710.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 75,791 shares of the software maker's stock after buying an additional 66,438 shares during the period. Janus Henderson Group PLC owned about 0.21% of AppFolio worth $18,699,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Colonial Trust Co SC bought a new stake in shares of AppFolio during the 4th quarter valued at $28,000. UMB Bank n.a. lifted its stake in AppFolio by 193.0% in the 4th quarter. UMB Bank n.a. now owns 167 shares of the software maker's stock worth $41,000 after purchasing an additional 110 shares in the last quarter. Arcadia Investment Management Corp MI purchased a new position in shares of AppFolio during the 4th quarter valued at $50,000. Aster Capital Management DIFC Ltd boosted its stake in AppFolio by 10,300.0% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 208 shares of the software maker's stock valued at $51,000 after buying an additional 206 shares during the period. Finally, EverSource Wealth Advisors LLC increased its stake in AppFolio by 1,485.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 222 shares of the software maker's stock worth $55,000 after acquiring an additional 208 shares during the last quarter. 85.19% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at AppFolio

In other AppFolio news, CEO William Shane Trigg sold 3,501 shares of the firm's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $217.27, for a total value of $760,662.27. Following the completion of the sale, the chief executive officer now owns 83,824 shares of the company's stock, valued at $18,212,440.48. This trade represents a 4.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 5.24% of the company's stock.

Analyst Ratings Changes

A number of research firms have commented on APPF. Piper Sandler reissued a "neutral" rating and issued a $265.00 price target on shares of AppFolio in a research note on Wednesday, April 23rd. Keefe, Bruyette & Woods dropped their target price on 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 reissued an "outperform" rating on shares of AppFolio in a research note on Friday, January 31st. Stephens reaffirmed an "overweight" rating and set a $295.00 target price on shares of AppFolio in a report on Friday, January 31st. Finally, DA Davidson raised shares of AppFolio to a "strong-buy" rating in a research note on Tuesday, May 13th. One research analyst has rated the stock with a sell rating, three have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $274.43.

AppFolio Stock Performance

Shares of NASDAQ APPF traded down $4.31 during midday trading on Monday, reaching $214.60. The stock had a trading volume of 253,330 shares, compared to its average volume of 271,633. AppFolio, Inc. has a 12-month low of $189.01 and a 12-month high of $274.56. The stock has a 50-day moving average of $217.02 and a 200-day moving average of $231.47. The company has a market capitalization of $7.73 billion, a price-to-earnings ratio of 38.67 and a beta of 0.99.

AppFolio (NASDAQ:APPF - Get Free Report) last released its quarterly earnings data 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 company had revenue of $217.70 million for the quarter, compared to the consensus estimate of $220.95 million. AppFolio had a net margin of 25.69% and a return on equity of 26.21%. The firm's revenue for the quarter was up 15.9% on a year-over-year basis. During the same period last year, the company earned $1.05 EPS. As a group, analysts forecast that AppFolio, Inc. will post 3.96 EPS for the current fiscal year.

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.