57,321 Shares in AppFolio, Inc. (NASDAQ:APPF) Bought by Syon Capital LLC

Syon Capital LLC purchased a new position in AppFolio, Inc. (NASDAQ:APPF - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 57,321 shares of the software maker's stock, valued at approximately $9,930,000. AppFolio comprises about 0.7% of Syon Capital LLC's holdings, making the stock its 26th biggest position. Syon Capital LLC owned 0.16% of AppFolio 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 APPF. SG Americas Securities LLC purchased a new position in shares of AppFolio in the 3rd quarter worth about $531,000. Harbor Capital Advisors Inc. boosted its holdings in shares of AppFolio by 10.3% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 3,575 shares of the software maker's stock worth $653,000 after buying an additional 334 shares during the last quarter. Cavalier Investments LLC boosted its holdings in shares of AppFolio by 3.8% in the 3rd quarter. Cavalier Investments LLC now owns 9,678 shares of the software maker's stock worth $1,767,000 after buying an additional 350 shares during the last quarter. Arcadia Investment Management Corp MI boosted its holdings in shares of AppFolio by 70.4% in the 3rd quarter. Arcadia Investment Management Corp MI now owns 138 shares of the software maker's stock worth $25,000 after buying an additional 57 shares during the last quarter. Finally, Verdence Capital Advisors LLC lifted its holdings in AppFolio by 7.2% during the third quarter. Verdence Capital Advisors LLC now owns 2,059 shares of the software maker's stock valued at $376,000 after purchasing an additional 139 shares during the last quarter. 62.34% of the stock is owned by hedge funds and other institutional investors.

AppFolio Trading Up 12.0 %

Shares of NASDAQ APPF traded up $26.10 during mid-day trading on Friday, hitting $242.75. The company had a trading volume of 714,917 shares, compared to its average volume of 313,877. AppFolio, Inc. has a 1 year low of $123.36 and a 1 year high of $256.73. The stock's 50-day moving average price is $229.41 and its 200-day moving average price is $204.69. The company has a market capitalization of $8.71 billion, a price-to-earnings ratio of 8,094.36 and a beta of 0.80.

AppFolio (NASDAQ:APPF - Get Free Report) last posted its earnings results on Thursday, January 25th. The software maker reported $0.61 EPS for the quarter, topping the consensus estimate of $0.32 by $0.29. AppFolio had a negative return on equity of 8.58% and a net margin of 0.44%. The business had revenue of $171.83 million during the quarter, compared to analysts' expectations of $162.80 million. As a group, equities research analysts forecast that AppFolio, Inc. will post 2.66 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Olivia Nottebohm sold 989 shares of the business's stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $241.75, for a total transaction of $239,090.75. Following the completion of the transaction, the director now directly owns 1,909 shares in the company, valued at $461,500.75. The transaction was disclosed in a document filed with the SEC, which is available through this link. In related news, Director Olivia Nottebohm sold 989 shares of the business's stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $241.75, for a total transaction of $239,090.75. Following the completion of the transaction, the director now directly owns 1,909 shares in the company, valued at $461,500.75. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Blottnitz Andreas Von sold 4,500 shares of AppFolio stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $226.56, for a total value of $1,019,520.00. Following the sale, the director now directly owns 5,449 shares of the company's stock, valued at approximately $1,234,525.44. The disclosure for this sale can be found here. Insiders sold a total of 15,489 shares of company stock worth $3,531,011 over the last ninety days. 9.15% of the stock is owned by corporate insiders.

Analyst Ratings Changes

APPF has been the topic of several research reports. BTIG Research started coverage on shares of AppFolio in a research report on Friday, January 19th. They issued a "buy" rating and a $215.00 price target on the stock. KeyCorp boosted their target price on shares of AppFolio from $264.00 to $275.00 and gave the company an "overweight" rating in a report on Friday. Keefe, Bruyette & Woods raised their price target on AppFolio from $215.00 to $238.00 and gave the stock a "market perform" rating in a report on Friday. JPMorgan Chase & Co. lifted their price target on AppFolio from $228.00 to $237.00 and gave the company an "overweight" rating in a research report on Friday, January 26th. Finally, Stephens reiterated an "overweight" rating and issued a $241.00 price target on shares of AppFolio in a research report on Friday. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $241.00.

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.