57,321 Shares in AppFolio, Inc. (NASDAQ:APPF) Acquired by Syon Capital LLC

Syon Capital LLC acquired a new position in AppFolio, Inc. (NASDAQ:APPF) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 57,321 shares of the software maker’s stock, valued at approximately $9,930,000. AppFolio comprises about 0.7% of Syon Capital LLC’s investment portfolio, making the stock its 26th largest holding.

Other hedge funds also recently added to or reduced their stakes in the company. Jennison Associates LLC raised its stake in AppFolio by 45.4% during the 4th quarter. Jennison Associates LLC now owns 2,963 shares of the software maker’s stock valued at $513,000 after buying an additional 925 shares during the last quarter. Handelsbanken Fonder AB increased its stake in shares of AppFolio by 38.5% in the 4th quarter. Handelsbanken Fonder AB now owns 3,600 shares of the software maker’s stock worth $624,000 after purchasing an additional 1,000 shares in the last quarter. Verdence Capital Advisors LLC increased its stake in shares of AppFolio by 2.7% in the 4th quarter. Verdence Capital Advisors LLC now owns 2,114 shares of the software maker’s stock worth $366,000 after purchasing an additional 55 shares in the last quarter. Calamos Advisors LLC increased its stake in shares of AppFolio by 20.6% in the 4th quarter. Calamos Advisors LLC now owns 10,427 shares of the software maker’s stock worth $1,806,000 after purchasing an additional 1,781 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in AppFolio by 17.4% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,369 shares of the software maker’s stock worth $757,000 after buying an additional 648 shares during the period. 62.34% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently weighed in on APPF shares. JPMorgan Chase & Co. upped their target price on shares of AppFolio from $228.00 to $237.00 and gave the stock an “overweight” rating in a report on Friday, January 26th. Keefe, Bruyette & Woods increased their price objective on shares of AppFolio from $215.00 to $238.00 and gave the company a “market perform” rating in a report on Friday. BTIG Research assumed coverage on shares of AppFolio in a report on Friday, January 19th. They set a “buy” rating and a $215.00 price objective for the company. KeyCorp increased their price objective on shares of AppFolio from $264.00 to $275.00 and gave the company an “overweight” rating in a report on Friday. Finally, Stephens reissued an “overweight” rating and set a $241.00 price objective on shares of AppFolio in a report on Friday. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, AppFolio presently has an average rating of “Moderate Buy” and a consensus price target of $241.00.

Insider Transactions at AppFolio

In other news, Director Blottnitz Andreas Von sold 4,500 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $226.56, for a total transaction of $1,019,520.00. Following the transaction, the director now directly owns 5,449 shares of the company’s stock, valued at $1,234,525.44. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, Director Blottnitz Andreas Von sold 4,500 shares of the stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $226.56, for a total transaction of $1,019,520.00. Following the transaction, the director now directly owns 5,449 shares in the company, valued at $1,234,525.44. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, 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 transaction 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 15,489 shares of company stock valued at $3,531,011. 9.15% of the stock is currently owned by company insiders.

AppFolio Stock Up 12.0 %

AppFolio stock traded up $26.10 during midday trading on Friday, reaching $242.75. The stock had a trading volume of 714,638 shares, compared to its average volume of 313,030. AppFolio, Inc. has a 52-week low of $123.36 and a 52-week high of $256.73. The firm has a market cap of $8.71 billion, a price-to-earnings ratio of 8,062.02 and a beta of 0.80. The company has a fifty day moving average of $229.89 and a 200 day moving average of $204.61.

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