Jones Financial Companies Lllp Acquires 93 Shares of AppFolio, Inc. (NASDAQ:APPF)

Jones Financial Companies Lllp increased its holdings in shares of AppFolio, Inc. (NASDAQ:APPF) by 60.4% in the fourth quarter, Holdings Channel.com reports. The firm owned 247 shares of the software maker’s stock after purchasing an additional 93 shares during the quarter. Jones Financial Companies Lllp’s holdings in AppFolio were worth $61,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. State Street Corp grew its stake in shares of AppFolio by 8.2% during the 3rd quarter. State Street Corp now owns 653,136 shares of the software maker’s stock worth $153,748,000 after acquiring an additional 49,238 shares in the last quarter. Lord Abbett & CO. LLC grew its stake in shares of AppFolio by 82.2% during the 3rd quarter. Lord Abbett & CO. LLC now owns 459,285 shares of the software maker’s stock worth $108,116,000 after acquiring an additional 207,204 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of AppFolio by 8.6% during the 3rd quarter. Geode Capital Management LLC now owns 413,032 shares of the software maker’s stock worth $97,252,000 after acquiring an additional 32,743 shares in the last quarter. DF Dent & Co. Inc. grew its stake in shares of AppFolio by 10.1% during the 3rd quarter. DF Dent & Co. Inc. now owns 351,691 shares of the software maker’s stock worth $82,788,000 after acquiring an additional 32,181 shares in the last quarter. Finally, Franklin Resources Inc. grew its stake in shares of AppFolio by 31.2% during the 3rd quarter. Franklin Resources Inc. now owns 228,655 shares of the software maker’s stock worth $51,800,000 after acquiring an additional 54,386 shares in the last quarter. 85.19% of the stock is owned by institutional investors.

Insider Buying and Selling at AppFolio

In other news, insider Matthew S. Mazza sold 838 shares of AppFolio stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $255.30, for a total transaction of $213,941.40. Following the completion of the sale, the insider now owns 22,701 shares of the company’s stock, valued at approximately $5,795,565.30. This trade represents a 3.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Alexander Wolf bought 9,678 shares of the company’s stock in a transaction dated Thursday, February 13th. The shares were purchased at an average cost of $214.81 per share, with a total value of $2,078,931.18. Following the acquisition, the director now directly owns 3,226 shares of the company’s stock, valued at approximately $692,977.06. This represents a -150.00 % increase in their position. The disclosure for this purchase can be found here. Insiders own 5.24% of the company’s stock.

AppFolio Trading Down 0.3 %

NASDAQ:APPF opened at $216.12 on Tuesday. The firm has a fifty day simple moving average of $230.63 and a 200 day simple moving average of $232.93. AppFolio, Inc. has a 1-year low of $189.01 and a 1-year high of $274.56. The stock has a market capitalization of $7.87 billion, a PE ratio of 38.94 and a beta of 0.89.

AppFolio (NASDAQ:APPF) last announced its quarterly earnings results on Thursday, January 30th. The software maker reported $0.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.34). AppFolio had a net margin of 25.69% and a return on equity of 26.21%. On average, equities analysts predict that AppFolio, Inc. will post 3.96 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on APPF. Piper Sandler reaffirmed a “neutral” rating and set a $265.00 price target on shares of AppFolio in a research note on Friday, January 31st. Stephens reissued an “overweight” rating and issued a $295.00 target price on shares of AppFolio in a research note on Friday, January 31st. KeyCorp cut shares of AppFolio from an “overweight” rating to a “sector weight” rating and set a $253.00 target price for the company. in a research note on Friday, January 10th. Finally, William Blair reissued an “outperform” rating on shares of AppFolio in a research note on Friday, January 31st. One analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $276.29.

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.