Linden Thomas Advisory Services LLC Has $319,000 Stock Holdings in AppFolio, Inc. (NASDAQ:APPF)

Linden Thomas Advisory Services LLC increased its position in shares of AppFolio, Inc. (NASDAQ:APPF) by 21.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,293 shares of the software maker’s stock after acquiring an additional 228 shares during the period. Linden Thomas Advisory Services LLC’s holdings in AppFolio were worth $319,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Blue Trust Inc. lifted its stake in AppFolio by 85.7% in the 3rd quarter. Blue Trust Inc. now owns 117 shares of the software maker’s stock valued at $29,000 after purchasing an additional 54 shares during the last quarter. UMB Bank n.a. lifted its stake in 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 purchasing an additional 110 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in AppFolio by 688.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 213 shares of the software maker’s stock valued at $52,000 after purchasing an additional 186 shares during the last quarter. Quarry LP lifted its stake in AppFolio by 147.9% in the 2nd quarter. Quarry LP now owns 238 shares of the software maker’s stock valued at $58,000 after purchasing an additional 142 shares during the last quarter. Finally, True Wealth Design LLC bought a new position in AppFolio in the 3rd quarter valued at approximately $79,000. Institutional investors and hedge funds own 85.19% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on APPF. KeyCorp downgraded shares of AppFolio from an “overweight” rating to a “sector weight” rating and set a $253.00 price objective for the company. in a research note on Friday, January 10th. Keefe, Bruyette & Woods downgraded shares of AppFolio from a “market perform” rating to an “underperform” rating and dropped their price objective for the company from $255.00 to $193.00 in a research note 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 objective for the company. in a research note on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, AppFolio presently has an average rating of “Hold” and an average target price of $268.57.

Insider Buying and Selling

In other AppFolio news, insider Matthew S. Mazza sold 926 shares of the firm’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $229.04, for a total value of $212,091.04. Following the completion of the sale, the insider now directly owns 33,819 shares in the company, valued at approximately $7,745,903.76. This trade represents a 2.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Maurice J. Duca sold 2,510 shares of the firm’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $229.21, for a total transaction of $575,317.10. Following the completion of the sale, the insider now owns 2,459 shares of the company’s stock, valued at $563,627.39. The trade was a 50.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 23,768 shares of company stock valued at $5,744,891 over the last quarter. Insiders own 5.24% of the company’s stock.

AppFolio Stock Performance

APPF stock opened at $250.03 on Monday. The company has a fifty day moving average price of $252.13 and a 200-day moving average price of $235.78. The company has a market capitalization of $9.08 billion, a P/E ratio of 69.65 and a beta of 0.87. AppFolio, Inc. has a 52-week low of $172.98 and a 52-week high of $274.56.

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

About AppFolio

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.