AppFolio, Inc. $APPF Shares Sold by Fiera Capital Corp

Fiera Capital Corp trimmed its holdings in AppFolio, Inc. (NASDAQ:APPF) by 2.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 162,876 shares of the software maker’s stock after selling 3,285 shares during the quarter. Fiera Capital Corp owned 0.45% of AppFolio worth $44,898,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Root Financial Partners LLC acquired a new position in shares of AppFolio in the 3rd quarter valued at about $31,000. TD Private Client Wealth LLC raised its position in AppFolio by 2,116.7% during the third quarter. TD Private Client Wealth LLC now owns 133 shares of the software maker’s stock valued at $37,000 after acquiring an additional 127 shares in the last quarter. First Horizon Corp purchased a new position in AppFolio during the third quarter valued at approximately $39,000. Hantz Financial Services Inc. lifted its holdings in AppFolio by 373.3% in the third quarter. Hantz Financial Services Inc. now owns 142 shares of the software maker’s stock valued at $39,000 after acquiring an additional 112 shares during the period. Finally, Huntington National Bank boosted its position in AppFolio by 58.7% in the 2nd quarter. Huntington National Bank now owns 200 shares of the software maker’s stock worth $46,000 after purchasing an additional 74 shares in the last quarter. 85.19% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on APPF. William Blair reaffirmed an “outperform” rating on shares of AppFolio in a report on Friday, January 30th. Weiss Ratings lowered shares of AppFolio from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, January 16th. Wells Fargo & Company reaffirmed a “buy” rating on shares of AppFolio in a report on Thursday, January 15th. DA Davidson decreased their price objective on shares of AppFolio from $325.00 to $275.00 and set a “buy” rating for the company in a research report on Friday, January 30th. Finally, JPMorgan Chase & Co. lowered their target price on shares of AppFolio from $330.00 to $300.00 and set an “overweight” rating on the stock in a research note on Friday, January 30th. Eight research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $270.83.

Insider Activity at AppFolio

In other AppFolio news, CFO Timothy Mathias Eaton sold 517 shares of the firm’s stock in a transaction on Monday, November 24th. The stock was sold at an average price of $228.34, for a total value of $118,051.78. Following the transaction, the chief financial officer owned 10,104 shares in the company, valued at approximately $2,307,147.36. This trade represents a 4.87% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO William Shane Trigg sold 6,963 shares of AppFolio stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $169.73, for a total transaction of $1,181,829.99. Following the sale, the chief executive officer directly owned 52,920 shares in the company, valued at approximately $8,982,111.60. This trade represents a 11.63% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 4.68% of the company’s stock.

AppFolio Stock Down 0.2%

Shares of NASDAQ APPF opened at $176.38 on Friday. The firm has a market cap of $6.35 billion, a price-to-earnings ratio of 45.46 and a beta of 0.75. The company’s 50-day simple moving average is $212.92 and its 200-day simple moving average is $241.68. AppFolio, Inc. has a 52-week low of $166.36 and a 52-week high of $326.04.

AppFolio (NASDAQ:APPF) last issued its quarterly earnings results on Thursday, January 29th. The software maker reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.22 by $0.17. AppFolio had a net margin of 14.82% and a return on equity of 29.79%. The firm had revenue of $248.19 million for the quarter, compared to analyst estimates of $246.56 million. During the same period last year, the company posted $0.92 EPS. AppFolio’s quarterly revenue was up 21.7% compared to the same quarter last year. Equities research analysts anticipate that AppFolio, Inc. will post 3.96 EPS for the current fiscal year.

AppFolio Profile

AppFolio, Inc is a Santa Barbara–based provider of cloud-based software solutions for the property management and legal industries. Founded in 2006 by former software executives, the company went public on the NASDAQ under the symbol APPF in 2015. Its original offering, AppFolio Property Manager, automates accounting, marketing, leasing, and maintenance functions for residential, commercial, student housing, and community association managers.

In 2019, AppFolio expanded its portfolio with the acquisition of MyCase, a web-based legal practice management platform for small to mid-size law firms.