Zurcher Kantonalbank Zurich Cantonalbank Purchases 767 Shares of AppFolio, Inc. (NASDAQ:APPF)

Zurcher Kantonalbank Zurich Cantonalbank increased its position in AppFolio, Inc. (NASDAQ:APPF) by 16.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,427 shares of the software maker’s stock after purchasing an additional 767 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in AppFolio were worth $1,339,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Amundi raised its holdings in shares of AppFolio by 2,640.2% in the 4th quarter. Amundi now owns 17,181 shares of the software maker’s stock valued at $4,357,000 after purchasing an additional 16,554 shares during the period. Edgestream Partners L.P. bought a new stake in shares of AppFolio in the 4th quarter valued at about $4,070,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of AppFolio in the 4th quarter valued at about $235,000. Raymond James Financial Inc. bought a new stake in shares of AppFolio in the 4th quarter valued at about $30,195,000. Finally, Arizona State Retirement System raised its holdings in AppFolio by 3.7% in the 4th quarter. Arizona State Retirement System now owns 6,334 shares of the software maker’s stock valued at $1,563,000 after acquiring an additional 227 shares during the period. 85.19% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CEO William Shane Trigg sold 3,501 shares of the 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 sale, the chief executive officer now owns 83,824 shares in the company, valued at approximately $18,212,440.48. This trade represents a 4.01 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Alexander Wolf bought 9,678 shares of the business’s stock in a transaction on Thursday, February 13th. The stock was bought at an average price of $214.81 per share, for a total transaction of $2,078,931.18. Following the transaction, 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 ownership of the stock. The disclosure for this purchase can be found here. 5.24% of the stock is currently owned by company insiders.

AppFolio Trading Down 1.5 %

Shares of APPF opened at $212.82 on Wednesday. AppFolio, Inc. has a 12 month low of $189.01 and a 12 month high of $274.56. The firm’s 50 day moving average is $229.90 and its 200-day moving average is $232.79. The stock has a market capitalization of $7.75 billion, a PE ratio of 38.35 and a beta of 0.89.

AppFolio (NASDAQ:APPF) last posted 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 return on equity of 26.21% and a net margin of 25.69%. Equities research analysts predict that AppFolio, Inc. will post 3.96 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

AppFolio Company 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.