Strs Ohio Has $1.14 Million Position in AppFolio, Inc. (NASDAQ:APPF)

Strs Ohio lowered its holdings in shares of AppFolio, Inc. (NASDAQ:APPF) by 1.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,600 shares of the software maker’s stock after selling 100 shares during the period. Strs Ohio’s holdings in AppFolio were worth $1,143,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Allspring Global Investments Holdings LLC lifted its holdings in shares of AppFolio by 497.7% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 43,552 shares of the software maker’s stock valued at $7,545,000 after acquiring an additional 36,265 shares during the period. WCM Investment Management LLC bought a new position in shares of AppFolio during the fourth quarter valued at $12,941,000. Long Walk Management LP lifted its holdings in shares of AppFolio by 62.7% during the fourth quarter. Long Walk Management LP now owns 122,000 shares of the software maker’s stock valued at $21,135,000 after acquiring an additional 47,000 shares during the period. Assenagon Asset Management S.A. lifted its holdings in shares of AppFolio by 103.1% during the fourth quarter. Assenagon Asset Management S.A. now owns 34,881 shares of the software maker’s stock valued at $6,043,000 after acquiring an additional 17,706 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in shares of AppFolio by 2.4% during the third quarter. Vanguard Group Inc. now owns 2,001,727 shares of the software maker’s stock valued at $365,575,000 after acquiring an additional 46,827 shares during the period. Institutional investors and hedge funds own 62.34% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. KeyCorp lifted their price objective on AppFolio from $254.00 to $264.00 and gave the company an “overweight” rating in a report on Monday, March 18th. BTIG Research began coverage on AppFolio in a report on Friday, January 19th. They set a “buy” rating and a $215.00 price objective for the company. JPMorgan Chase & Co. lifted their price target on AppFolio from $228.00 to $237.00 and gave the company an “overweight” rating in a report on Friday, January 26th. Finally, Stephens reaffirmed an “overweight” rating and issued a $241.00 price target on shares of AppFolio in a report on Friday, January 26th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $239.40.

Insiders Place Their Bets

In other AppFolio 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 sale, the director now directly owns 1,909 shares of the company’s stock, valued at approximately $461,500.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other AppFolio 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 sale, the director now directly owns 1,909 shares of the company’s stock, valued at approximately $461,500.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Timothy K. Bliss sold 10,000 shares of the business’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $227.24, for a total value of $2,272,400.00. Following the sale, the director now directly owns 51,070 shares of the company’s stock, valued at $11,605,146.80. The disclosure for this sale can be found here. In the last three months, insiders sold 15,489 shares of company stock valued at $3,531,011. 9.15% of the stock is currently owned by insiders.

AppFolio Stock Up 2.1 %

AppFolio stock opened at $219.33 on Wednesday. The stock has a 50-day simple moving average of $230.24 and a 200 day simple moving average of $204.53. AppFolio, Inc. has a 12-month low of $123.36 and a 12-month high of $253.42. The stock has a market capitalization of $7.87 billion, a price-to-earnings ratio of 7,313.44 and a beta of 0.80.

AppFolio (NASDAQ:APPF) last announced its quarterly earnings data on Thursday, January 25th. The software maker reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.29. The firm had revenue of $171.83 million during the quarter, compared to analysts’ expectations of $162.80 million. AppFolio had a negative return on equity of 8.58% and a net margin of 0.44%. As a group, sell-side analysts anticipate that AppFolio, Inc. will post 2.66 EPS for the current year.

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.