Jump Financial LLC Purchases New Holdings in AppFolio, Inc. (NASDAQ:APPF)

Jump Financial LLC bought a new position in shares of AppFolio, Inc. (NASDAQ:APPF - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 22,610 shares of the software maker's stock, valued at approximately $5,578,000. Jump Financial LLC owned approximately 0.06% of AppFolio at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Stifel Financial Corp lifted its holdings in AppFolio by 45.0% during the 3rd quarter. Stifel Financial Corp now owns 1,853 shares of the software maker's stock worth $436,000 after buying an additional 575 shares during the period. Public Employees Retirement System of Ohio raised its position in shares of AppFolio by 5.3% during the third quarter. Public Employees Retirement System of Ohio now owns 8,824 shares of the software maker's stock worth $2,077,000 after purchasing an additional 442 shares during the period. Barclays PLC lifted its stake in shares of AppFolio by 20.5% in the third quarter. Barclays PLC now owns 9,888 shares of the software maker's stock valued at $2,327,000 after buying an additional 1,681 shares in the last quarter. Geode Capital Management LLC boosted its stake in AppFolio by 8.6% during the 3rd quarter. Geode Capital Management LLC now owns 413,032 shares of the software maker's stock valued at $97,252,000 after purchasing an additional 32,743 shares during the last quarter. Finally, Sanctuary Advisors LLC purchased a new position in shares of AppFolio during the third quarter valued at approximately $687,000. Institutional investors own 85.19% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have commented on APPF. Stephens reiterated an "overweight" rating and issued 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 price objective on the stock. in a report on Friday, January 10th. Piper Sandler reaffirmed a "neutral" rating and issued a $265.00 price target on shares of AppFolio in a report on Friday, January 31st. DA Davidson reduced their price objective on shares of AppFolio from $300.00 to $275.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Finally, William Blair restated an "outperform" rating on shares of AppFolio in a research note on Friday, January 31st. One equities 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 stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $272.71.

Insider Transactions at AppFolio

In related news, Director Alexander Wolf purchased 9,678 shares of AppFolio stock in a transaction that occurred on Thursday, February 13th. The shares were bought at an average price of $214.81 per share, for a total transaction of $2,078,931.18. Following the completion of the transaction, 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Matthew S. Mazza sold 838 shares of AppFolio stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $255.30, for a total value of $213,941.40. Following the sale, the insider now directly owns 22,701 shares in the company, valued at approximately $5,795,565.30. The trade was a 3.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 5.24% of the company's stock.

AppFolio Stock Performance

APPF stock traded up $5.83 during trading on Tuesday, hitting $215.73. 43,375 shares of the company traded hands, compared to its average volume of 263,589. AppFolio, Inc. has a 1 year low of $189.01 and a 1 year high of $274.56. The company has a 50-day moving average of $217.85 and a 200-day moving average of $231.14. The firm has a market capitalization of $7.85 billion, a PE ratio of 38.68 and a beta of 0.86.

AppFolio (NASDAQ:APPF - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The software maker reported $0.58 earnings per share for the quarter, missing the consensus estimate of $0.92 by ($0.34). AppFolio had a net margin of 25.69% and a return on equity of 26.21%. Sell-side analysts expect that AppFolio, Inc. will post 3.96 EPS for the current 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.