Blair William & Co. IL Sells 1,788 Shares of AppFolio, Inc. (NASDAQ:APPF)

Blair William & Co. IL decreased its holdings in shares of AppFolio, Inc. (NASDAQ:APPF) by 3.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,693 shares of the software maker’s stock after selling 1,788 shares during the period. Blair William & Co. IL owned 0.16% of AppFolio worth $13,987,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Loomis Sayles & Co. L P bought a new position in shares of AppFolio during the 4th quarter worth approximately $724,000. Congress Wealth Management LLC DE acquired a new position in shares of AppFolio during the 4th quarter valued at $226,000. Vanguard Group Inc. boosted its stake in AppFolio by 3.8% during the fourth quarter. Vanguard Group Inc. now owns 2,495,527 shares of the software maker’s stock worth $615,696,000 after acquiring an additional 91,174 shares in the last quarter. Stevens Capital Management LP acquired a new stake in AppFolio in the fourth quarter worth $202,000. Finally, KLP Kapitalforvaltning AS bought a new stake in AppFolio in the fourth quarter valued at $1,456,000. Institutional investors and hedge funds own 85.19% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on APPF. KeyCorp downgraded AppFolio from an “overweight” rating to a “sector weight” rating and set a $253.00 target price for the company. in a research note on Friday, January 10th. Stephens reissued an “overweight” rating and issued a $295.00 price objective on shares of AppFolio in a research note on Friday, January 31st. William Blair reaffirmed an “outperform” rating on shares of AppFolio in a research report on Friday, January 31st. Finally, Piper Sandler reiterated a “neutral” rating and issued a $265.00 target price on shares of AppFolio in a 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 given a buy rating to the company’s stock. According to MarketBeat, AppFolio currently has a consensus rating of “Hold” and an average price target of $276.29.

Insiders Place Their Bets

In other news, insider Matthew S. Mazza sold 838 shares of the business’s stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $255.30, for a total value of $213,941.40. Following the transaction, the insider now owns 22,701 shares in the company, valued at $5,795,565.30. The trade was a 3.56 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO William Shane Trigg sold 3,501 shares of the company’s stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 83,824 shares of the company’s stock, valued at approximately $18,212,440.48. This 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 currently owned by insiders.

AppFolio Stock Down 1.7 %

Shares of NASDAQ:APPF opened at $221.30 on Friday. The business’s 50 day moving average is $225.38 and its 200 day moving average is $232.40. AppFolio, Inc. has a 12-month low of $189.01 and a 12-month high of $274.56. The stock has a market cap of $8.06 billion, a price-to-earnings ratio of 39.87 and a beta of 0.89.

AppFolio (NASDAQ:APPF) last issued 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 research analysts expect that AppFolio, Inc. will post 3.96 earnings per share for the current year.

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.