DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Reduces Stake in AppFolio, Inc. (NASDAQ:APPF)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main cut its holdings in shares of AppFolio, Inc. (NASDAQ:APPF) by 4.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 42,558 shares of the software maker’s stock after selling 1,812 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main owned 0.12% of AppFolio worth $10,500,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in APPF. Colonial Trust Co SC bought a new position in shares of AppFolio during the fourth quarter valued at approximately $28,000. UMB Bank n.a. increased its position in AppFolio by 193.0% during the 4th quarter. UMB Bank n.a. now owns 167 shares of the software maker’s stock valued at $41,000 after buying an additional 110 shares in the last quarter. Arcadia Investment Management Corp MI purchased a new position in AppFolio during the fourth quarter valued at $50,000. Aster Capital Management DIFC Ltd boosted its holdings in AppFolio by 10,300.0% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 208 shares of the software maker’s stock worth $51,000 after acquiring an additional 206 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its stake in shares of AppFolio by 1,485.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 222 shares of the software maker’s stock worth $55,000 after acquiring an additional 208 shares during the last quarter. Institutional investors own 85.19% of the company’s stock.

AppFolio Stock Performance

Shares of NASDAQ:APPF opened at $214.29 on Friday. AppFolio, Inc. has a 52-week low of $189.01 and a 52-week high of $274.56. The stock has a market capitalization of $7.72 billion, a price-to-earnings ratio of 38.61 and a beta of 0.99. The stock’s 50-day simple moving average is $217.30 and its two-hundred day simple moving average is $230.84.

AppFolio (NASDAQ:APPF) last announced its earnings results on Thursday, April 24th. The software maker reported $1.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.23 by ($0.02). AppFolio had a net margin of 25.69% and a return on equity of 26.21%. The business had revenue of $217.70 million for the quarter, compared to the consensus estimate of $220.95 million. During the same quarter last year, the firm posted $1.05 earnings per share. The business’s quarterly revenue was up 15.9% compared to the same quarter last year. As a group, equities analysts forecast that AppFolio, Inc. will post 3.96 earnings per share for the current fiscal year.

Insider Activity at AppFolio

In other AppFolio news, CEO William Shane Trigg sold 3,501 shares of AppFolio stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $217.27, for a total transaction of $760,662.27. Following the transaction, the chief executive officer now owns 83,824 shares of the company’s stock, valued at $18,212,440.48. The trade was a 4.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Alexander Wolf acquired 9,678 shares of AppFolio stock in a transaction dated Thursday, February 13th. The stock was purchased at an average cost of $214.81 per share, with a total value of $2,078,931.18. Following the completion of the purchase, the director now owns 3,226 shares of the company’s stock, valued at approximately $692,977.06. This represents a -150.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 5.24% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

APPF has been the topic of a number of analyst reports. Stephens reiterated an “overweight” rating and issued a $295.00 price target on shares of AppFolio in a research note on Friday, January 31st. William Blair reiterated an “outperform” rating on shares of AppFolio in a report on Friday, January 31st. Piper Sandler reaffirmed a “neutral” rating and issued a $265.00 price objective on shares of AppFolio in a research report on Wednesday, April 23rd. DA Davidson reduced their target price on AppFolio from $300.00 to $275.00 and set a “buy” rating for the company in a report on Monday, April 14th. Finally, Keefe, Bruyette & Woods decreased their price target on AppFolio from $210.00 to $205.00 and set an “underweight” rating for the company in a research note on Friday, April 25th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, AppFolio has an average rating of “Hold” and a consensus price target of $274.43.

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.