5,193 Shares in AppFolio, Inc. (NASDAQ:APPF) Acquired by Semanteon Capital Management LP

Semanteon Capital Management LP purchased a new position in shares of AppFolio, Inc. (NASDAQ:APPF) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 5,193 shares of the software maker’s stock, valued at approximately $900,000.

Several other institutional investors and hedge funds have also made changes to their positions in APPF. Lord Abbett & CO. LLC purchased a new stake in AppFolio in the 3rd quarter worth approximately $33,062,000. Fuller & Thaler Asset Management Inc. acquired a new stake in shares of AppFolio in the third quarter worth approximately $13,698,000. WCM Investment Management LLC acquired a new stake in shares of AppFolio during the 4th quarter worth $12,941,000. Fred Alger Management LLC increased its stake in AppFolio by 12.2% during the third quarter. Fred Alger Management LLC now owns 572,007 shares of the software maker’s stock worth $104,466,000 after acquiring an additional 62,347 shares during the last quarter. Finally, Federated Hermes Inc. lifted its position in AppFolio by 490.8% during the third quarter. Federated Hermes Inc. now owns 74,191 shares of the software maker’s stock valued at $13,550,000 after buying an additional 61,633 shares in the last quarter. 62.34% of the stock is currently owned by hedge funds and other institutional investors.

AppFolio Price Performance

Shares of NASDAQ APPF traded up $0.75 during mid-day trading on Thursday, hitting $216.65. The company had a trading volume of 587,492 shares, compared to its average volume of 308,845. AppFolio, Inc. has a 12 month low of $123.36 and a 12 month high of $253.42. The stock has a market cap of $7.77 billion, a price-to-earnings ratio of 7,224.07 and a beta of 0.80. The firm’s 50 day simple moving average is $229.89 and its two-hundred day simple moving average is $204.61.

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

Wall Street Analyst Weigh In

APPF has been the subject of several analyst reports. KeyCorp upped their target price on AppFolio from $254.00 to $264.00 and gave the stock an “overweight” rating in a research report on Monday, March 18th. JPMorgan Chase & Co. increased their price objective on shares of AppFolio from $228.00 to $237.00 and gave the company an “overweight” rating in a research report on Friday, January 26th. Stephens reiterated an “overweight” rating and set a $241.00 price objective on shares of AppFolio in a research note on Friday, January 26th. Finally, BTIG Research initiated coverage on shares of AppFolio in a research note on Friday, January 19th. They issued a “buy” rating and a $215.00 target price for the company. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, AppFolio currently has an average rating of “Moderate Buy” and a consensus price target of $239.40.

Insider Transactions at AppFolio

In other AppFolio news, Director Timothy K. Bliss sold 10,000 shares of the stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $227.24, for a total value of $2,272,400.00. Following the completion of the sale, the director now owns 51,070 shares in the company, valued at approximately $11,605,146.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other AppFolio news, 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 transaction, the director now owns 51,070 shares in the company, valued at $11,605,146.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Olivia Nottebohm sold 989 shares of the company’s stock in a transaction dated Friday, March 1st. The stock was 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 directly owns 1,909 shares in the company, valued at $461,500.75. The disclosure for this sale can be found here. Insiders sold 15,489 shares of company stock valued at $3,531,011 over the last three months. 9.15% of the stock is owned by corporate insiders.

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.