DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Sells 1,812 Shares of AppFolio, Inc. (NASDAQ:APPF)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main reduced its position in shares of AppFolio, Inc. (NASDAQ:APPF) by 4.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 42,558 shares of the software maker’s stock after selling 1,812 shares during the quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main’s holdings in AppFolio were worth $10,500,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Colonial Trust Co SC bought a new position in AppFolio during the fourth quarter valued at $28,000. UMB Bank n.a. lifted its holdings in shares of AppFolio by 193.0% in the 4th quarter. UMB Bank n.a. now owns 167 shares of the software maker’s stock valued at $41,000 after acquiring an additional 110 shares during the last quarter. Arcadia Investment Management Corp MI purchased a new position in AppFolio in the fourth quarter worth about $50,000. Aster Capital Management DIFC Ltd increased its stake in AppFolio by 10,300.0% during 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 during the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in AppFolio by 1,485.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 222 shares of the software maker’s stock valued at $55,000 after purchasing an additional 208 shares during the period. 85.19% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other AppFolio news, Director Alexander Wolf bought 9,678 shares of the company’s stock in a transaction on Thursday, February 13th. The shares were bought at an average cost of $214.81 per share, for a total transaction of $2,078,931.18. Following the acquisition, the director now directly owns 3,226 shares in the company, valued at approximately $692,977.06. The trade was a -150.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO William Shane Trigg sold 3,501 shares of the business’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $217.27, for a total transaction of $760,662.27. Following the completion of the sale, the chief executive officer now owns 83,824 shares of the company’s stock, valued at approximately $18,212,440.48. This represents a 4.01 % decrease in their position. The disclosure for this sale can be found here. Insiders own 5.24% of the company’s stock.

Analyst Ratings Changes

APPF has been the topic of several analyst reports. Piper Sandler reissued a “neutral” rating and set a $265.00 target price on shares of AppFolio in a research report on Wednesday, April 23rd. Keefe, Bruyette & Woods reduced their target price on shares of AppFolio from $210.00 to $205.00 and set an “underweight” rating on the stock in a research note on Friday, April 25th. KeyCorp lowered shares of AppFolio from an “overweight” rating to a “sector weight” rating and set a $253.00 target price for the company. in a report on Friday, January 10th. William Blair reiterated an “outperform” rating on shares of AppFolio in a report on Friday, January 31st. Finally, DA Davidson dropped their target price on AppFolio from $300.00 to $275.00 and set a “buy” rating for the company in a research report on Monday, April 14th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, AppFolio has an average rating of “Hold” and a consensus target price of $274.43.

AppFolio Price Performance

Shares of APPF stock opened at $214.29 on Friday. The company has a market capitalization of $7.72 billion, a P/E ratio of 38.61 and a beta of 0.99. The company’s 50-day simple moving average is $217.30 and its two-hundred day simple moving average is $230.84. AppFolio, Inc. has a one year low of $189.01 and a one year high of $274.56.

AppFolio (NASDAQ:APPF) last announced its quarterly earnings data 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). The firm had revenue of $217.70 million during the quarter, compared to the consensus estimate of $220.95 million. AppFolio had a return on equity of 26.21% and a net margin of 25.69%. The firm’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same period last year, the company earned $1.05 EPS. On average, research analysts expect that AppFolio, Inc. will post 3.96 EPS for the current fiscal 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.