Arizona State Retirement System Has $912,000 Stock Position in AppFolio, Inc. (NASDAQ:APPF)

Arizona State Retirement System decreased its position in AppFolio, Inc. (NASDAQ:APPF) by 1.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,265 shares of the software maker’s stock after selling 56 shares during the period. Arizona State Retirement System’s holdings in AppFolio were worth $912,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Arcadia Investment Management Corp MI raised its holdings in AppFolio by 70.4% in the 3rd quarter. Arcadia Investment Management Corp MI now owns 138 shares of the software maker’s stock valued at $25,000 after acquiring an additional 57 shares in the last quarter. FMR LLC raised its holdings in AppFolio by 10.3% in the 3rd quarter. FMR LLC now owns 709 shares of the software maker’s stock valued at $130,000 after acquiring an additional 66 shares in the last quarter. Metropolitan Life Insurance Co NY raised its holdings in AppFolio by 8.0% in the 4th quarter. Metropolitan Life Insurance Co NY now owns 1,177 shares of the software maker’s stock valued at $124,000 after acquiring an additional 87 shares in the last quarter. Jane Street Group LLC raised its holdings in AppFolio by 1.5% in the 4th quarter. Jane Street Group LLC now owns 7,048 shares of the software maker’s stock valued at $743,000 after acquiring an additional 106 shares in the last quarter. Finally, Commonwealth Equity Services LLC raised its holdings in AppFolio by 3.7% in the 3rd quarter. Commonwealth Equity Services LLC now owns 3,078 shares of the software maker’s stock valued at $322,000 after acquiring an additional 110 shares in the last quarter. Institutional investors and hedge funds own 62.34% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on APPF shares. Stephens reissued an “overweight” rating and issued a $241.00 target price on shares of AppFolio in a report on Friday, January 26th. JPMorgan Chase & Co. increased their target price on AppFolio from $228.00 to $237.00 and gave the stock an “overweight” rating in a report on Friday, January 26th. StockNews.com cut AppFolio from a “buy” rating to a “hold” rating in a report on Thursday, December 21st. KeyCorp increased their target price on AppFolio from $254.00 to $264.00 and gave the stock an “overweight” rating in a report on Monday, March 18th. Finally, BTIG Research started coverage on AppFolio in a report on Friday, January 19th. They issued a “buy” rating and a $215.00 target price for the company. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, AppFolio presently has an average rating of “Moderate Buy” and a consensus target price of $239.40.

AppFolio Price Performance

APPF stock opened at $214.58 on Wednesday. The business has a fifty day moving average price of $232.16 and a 200 day moving average price of $203.56. AppFolio, Inc. has a fifty-two week low of $123.36 and a fifty-two week high of $253.42. The stock has a market capitalization of $7.70 billion, a price-to-earnings ratio of 7,155.05 and a beta of 0.80.

AppFolio (NASDAQ:APPF) last released its quarterly earnings results on Thursday, January 25th. The software maker reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.29. AppFolio had a negative return on equity of 8.58% and a net margin of 0.44%. The firm had revenue of $171.83 million during the quarter, compared to analysts’ expectations of $162.80 million. On average, equities analysts expect that AppFolio, Inc. will post 2.66 earnings per share for the current fiscal year.

Insider Buying and Selling at AppFolio

In other AppFolio news, Director Blottnitz Andreas Von sold 4,500 shares of the stock in a transaction on 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 transaction, the director now directly owns 5,449 shares in the company, valued at approximately $1,234,525.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other AppFolio news, Director Blottnitz Andreas Von sold 4,500 shares of the stock in a transaction on 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 transaction, the director now directly owns 5,449 shares in the company, valued at approximately $1,234,525.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Olivia Nottebohm sold 989 shares of the stock in a transaction on Friday, March 1st. The shares were sold at an average price of $241.75, for a total value of $239,090.75. Following the completion of the transaction, the director now owns 1,909 shares in the company, valued at $461,500.75. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 15,489 shares of company stock worth $3,531,011. Insiders own 9.15% of the company’s stock.

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.