DGS Capital Management LLC Sells 1,274 Shares of AppFolio, Inc. (NASDAQ:APPF)

DGS Capital Management LLC lessened its position in shares of AppFolio, Inc. (NASDAQ:APPF) by 24.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,972 shares of the software maker’s stock after selling 1,274 shares during the period. DGS Capital Management LLC’s holdings in AppFolio were worth $980,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Tidal Investments LLC grew its position in shares of AppFolio by 2.9% during the 3rd quarter. Tidal Investments LLC now owns 1,425 shares of the software maker’s stock worth $335,000 after buying an additional 40 shares during the period. Exchange Traded Concepts LLC grew its holdings in AppFolio by 6.6% in the fourth quarter. Exchange Traded Concepts LLC now owns 642 shares of the software maker’s stock worth $158,000 after purchasing an additional 40 shares during the period. Blue Trust Inc. increased its stake in AppFolio by 85.7% in the third quarter. Blue Trust Inc. now owns 117 shares of the software maker’s stock valued at $29,000 after purchasing an additional 54 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of AppFolio by 11.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 616 shares of the software maker’s stock valued at $152,000 after purchasing an additional 65 shares during the period. Finally, Northwest & Ethical Investments L.P. boosted its position in shares of AppFolio by 16.0% during the 3rd quarter. Northwest & Ethical Investments L.P. now owns 725 shares of the software maker’s stock worth $171,000 after purchasing an additional 100 shares in the last quarter. Institutional investors and hedge funds own 85.19% of the company’s stock.

AppFolio Trading Down 4.1 %

NASDAQ APPF opened at $250.03 on Friday. The business has a fifty day simple moving average of $252.13 and a 200 day simple moving average of $235.95. AppFolio, Inc. has a 12 month low of $172.98 and a 12 month high of $274.56. The firm has a market capitalization of $9.08 billion, a P/E ratio of 69.65 and a beta of 0.87.

AppFolio (NASDAQ:APPF) last announced its earnings results on Thursday, October 24th. The software maker reported $1.29 EPS for the quarter, beating the consensus estimate of $1.03 by $0.26. AppFolio had a net margin of 17.26% and a return on equity of 30.64%. The company had revenue of $206.00 million during the quarter, compared to the consensus estimate of $199.11 million. During the same quarter in the prior year, the company posted $0.26 earnings per share. The firm’s revenue for the quarter was up 24.5% on a year-over-year basis. As a group, sell-side analysts predict that AppFolio, Inc. will post 3.2 EPS for the current fiscal year.

Insider Buying and Selling at AppFolio

In related news, major shareholder Maurice J. Duca sold 1,059 shares of the stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $229.10, for a total transaction of $242,616.90. Following the completion of the transaction, the insider now owns 9,388 shares in the company, valued at approximately $2,150,790.80. This represents a 10.14 % 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 link. Also, insider Matthew S. Mazza sold 5,090 shares of the firm’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $236.24, for a total transaction of $1,202,461.60. Following the sale, the insider now owns 28,266 shares of the company’s stock, valued at $6,677,559.84. This trade represents a 15.26 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 23,768 shares of company stock worth $5,744,891. Insiders own 5.24% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. KeyCorp lowered AppFolio from an “overweight” rating to a “sector weight” rating and set a $253.00 target price for the company. in a research report on Friday, January 10th. Keefe, Bruyette & Woods lowered AppFolio from a “market perform” rating to an “underperform” rating and lowered their target price for the stock from $255.00 to $193.00 in a research report on Tuesday, October 15th. Finally, Piper Sandler downgraded shares of AppFolio from an “overweight” rating to a “neutral” rating and set a $265.00 price target for the company. in a research report on Monday, January 6th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $268.57.

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.