Capital Performance Advisors LLP Has $256,000 Stock Holdings in AppFolio, Inc. (NASDAQ:APPF)

Capital Performance Advisors LLP grew its holdings in AppFolio, Inc. (NASDAQ:APPF) by 56.6% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,037 shares of the software maker’s stock after buying an additional 375 shares during the quarter. Capital Performance Advisors LLP’s holdings in AppFolio were worth $256,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in APPF. Blue Trust Inc. increased its stake in shares of AppFolio by 85.7% in the third quarter. Blue Trust Inc. now owns 117 shares of the software maker’s stock valued at $29,000 after buying an additional 54 shares in the last quarter. UMB Bank n.a. increased its position in AppFolio by 193.0% in the fourth quarter. UMB Bank n.a. now owns 167 shares of the software maker’s stock worth $41,000 after purchasing an additional 110 shares during the period. True Wealth Design LLC acquired a new stake in AppFolio in the third quarter worth about $79,000. Advisors Asset Management Inc. increased its position in AppFolio by 56.6% in the third quarter. Advisors Asset Management Inc. now owns 390 shares of the software maker’s stock worth $92,000 after purchasing an additional 141 shares during the period. Finally, Salem Investment Counselors Inc. acquired a new stake in AppFolio in the fourth quarter worth about $123,000. 85.19% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently commented on APPF. KeyCorp lowered AppFolio from an “overweight” rating to a “sector weight” rating and set a $253.00 price objective for the company. in a research report on Friday, January 10th. Piper Sandler reiterated a “neutral” rating and issued a $265.00 price objective on shares of AppFolio in a research report on Friday, January 31st. Stephens reiterated an “overweight” rating and issued a $295.00 price objective on shares of AppFolio in a research report on Friday, January 31st. Finally, William Blair reiterated an “outperform” rating on shares of AppFolio in a research report on Friday, January 31st. 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 data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $276.29.

AppFolio Trading Up 1.1 %

Shares of APPF opened at $217.32 on Monday. AppFolio, Inc. has a 1 year low of $189.01 and a 1 year high of $274.56. The stock has a market cap of $7.90 billion, a P/E ratio of 39.16 and a beta of 0.88. The stock’s 50-day moving average price is $246.82 and its two-hundred day moving average price is $233.67.

AppFolio (NASDAQ:APPF) last released its quarterly earnings data 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%. As a group, equities analysts forecast that AppFolio, Inc. will post 3.96 EPS for the current year.

Insider Activity

In other AppFolio news, major shareholder Maurice J. Duca sold 2,701 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $240.08, for a total value of $648,456.08. Following the sale, the insider now owns 5,452 shares in the company, valued at approximately $1,308,916.16. The trade was a 33.13 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Scanlan Agnes Bundy sold 500 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $255.42, for a total value of $127,710.00. Following the completion of the sale, the director now owns 5,416 shares in the company, valued at $1,383,354.72. The trade was a 8.45 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,580 shares of company stock worth $3,164,487 in the last 90 days. Corporate insiders own 5.24% of the company’s stock.

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.