True Wealth Design LLC Has $136,000 Stock Position in AppFolio, Inc. (NASDAQ:APPF)

True Wealth Design LLC boosted its holdings in shares of AppFolio, Inc. (NASDAQ:APPF) by 64.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 552 shares of the software maker’s stock after buying an additional 216 shares during the period. True Wealth Design LLC’s holdings in AppFolio were worth $136,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of APPF. Vanguard Group Inc. increased its position in AppFolio by 3.8% in the 4th quarter. Vanguard Group Inc. now owns 2,495,527 shares of the software maker’s stock worth $615,696,000 after purchasing an additional 91,174 shares during the last quarter. AQR Capital Management LLC increased its position in AppFolio by 43.2% in the 4th quarter. AQR Capital Management LLC now owns 655,625 shares of the software maker’s stock worth $161,756,000 after purchasing an additional 197,700 shares during the last quarter. FMR LLC increased its position in AppFolio by 881.2% in the 4th quarter. FMR LLC now owns 597,485 shares of the software maker’s stock worth $147,411,000 after purchasing an additional 536,591 shares during the last quarter. Gilder Gagnon Howe & Co. LLC increased its position in AppFolio by 4.7% in the 4th quarter. Gilder Gagnon Howe & Co. LLC now owns 572,917 shares of the software maker’s stock worth $141,350,000 after purchasing an additional 25,566 shares during the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC bought a new stake in shares of AppFolio during the 4th quarter worth about $103,503,000. 85.19% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at AppFolio

In other news, CEO William Shane Trigg sold 3,501 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $217.27, for a total value of $760,662.27. Following the completion of the transaction, the chief executive officer now directly 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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 5.24% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

APPF has been the subject of several recent analyst reports. William Blair reiterated an “outperform” rating on shares of AppFolio in a research note on Friday, January 31st. DA Davidson upgraded AppFolio to a “strong-buy” rating in a research note on Tuesday, May 13th. Piper Sandler reiterated a “neutral” rating and set a $265.00 price target on shares of AppFolio in a research note on Wednesday, April 23rd. 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. Finally, Stephens reiterated an “overweight” rating and set a $295.00 price target on shares of AppFolio in a research note on Friday, January 31st. One research analyst has rated the stock with a sell rating, three have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $274.43.

AppFolio Trading Up 3.1%

Shares of APPF stock opened at $218.91 on Friday. AppFolio, Inc. has a 12 month low of $189.01 and a 12 month high of $274.56. The stock has a 50 day moving average of $217.02 and a two-hundred day moving average of $231.31. The company has a market capitalization of $7.89 billion, a P/E ratio of 39.44 and a beta of 0.99.

AppFolio (NASDAQ:APPF) last issued its earnings results on Thursday, April 24th. The software maker reported $1.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.02). AppFolio had a return on equity of 26.21% and a net margin of 25.69%. The company had revenue of $217.70 million during the quarter, compared to analyst estimates of $220.95 million. During the same period in the previous year, the company posted $1.05 earnings per share. The company’s quarterly revenue was up 15.9% on a year-over-year basis. Sell-side analysts predict that AppFolio, Inc. will post 3.96 earnings per share 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.