Aster Capital Management DIFC Ltd Has $51,000 Stake in AppFolio, Inc. (NASDAQ:APPF)

Aster Capital Management DIFC Ltd lifted its stake in AppFolio, Inc. (NASDAQ:APPF) by 10,300.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 208 shares of the software maker’s stock after acquiring an additional 206 shares during the quarter. Aster Capital Management DIFC Ltd’s holdings in AppFolio were worth $51,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. UMB Bank n.a. boosted its holdings in shares of AppFolio by 193.0% during the fourth quarter. UMB Bank n.a. now owns 167 shares of the software maker’s stock worth $41,000 after acquiring an additional 110 shares during the period. Arcadia Investment Management Corp MI acquired a new stake in AppFolio in the fourth quarter valued at $50,000. EverSource Wealth Advisors LLC boosted its position in AppFolio by 1,485.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 222 shares of the software maker’s stock valued at $55,000 after acquiring an additional 208 shares during the last quarter. Jones Financial Companies Lllp boosted its position in shares of AppFolio by 60.4% during the 4th quarter. Jones Financial Companies Lllp now owns 247 shares of the software maker’s stock worth $61,000 after purchasing an additional 93 shares in the last quarter. Finally, Blue Trust Inc. boosted its position in shares of AppFolio by 126.5% during the 4th quarter. Blue Trust Inc. now owns 265 shares of the software maker’s stock worth $62,000 after purchasing an additional 148 shares in the last quarter. Institutional investors and hedge funds own 85.19% of the company’s stock.

AppFolio Trading Up 9.7 %

APPF opened at $228.54 on Thursday. The company has a market capitalization of $8.32 billion, a PE ratio of 41.18 and a beta of 0.86. The firm’s 50 day simple moving average is $218.72 and its two-hundred day simple moving average is $231.82. AppFolio, Inc. has a 1-year low of $189.01 and a 1-year high of $274.56.

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

Wall Street Analyst Weigh In

APPF has been the subject of several analyst reports. William Blair reiterated an “outperform” rating on shares of AppFolio in a research note on Friday, January 31st. KeyCorp downgraded shares of AppFolio from an “overweight” rating to a “sector weight” rating and set a $253.00 price target for the company. in a research note on Friday, January 10th. Stephens reaffirmed an “overweight” rating and set a $295.00 price objective on shares of AppFolio in a research note on Friday, January 31st. Finally, Piper Sandler restated a “neutral” rating and issued a $265.00 price objective on shares of AppFolio in a report on Friday, January 31st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $276.29.

Insider Activity at AppFolio

In other AppFolio news, Director Alexander Wolf acquired 9,678 shares of the company’s stock in a transaction dated Thursday, February 13th. The shares were acquired 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. The trade was a -150.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Matthew S. Mazza sold 838 shares of the business’s stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $255.30, for a total transaction of $213,941.40. Following the completion of the transaction, the insider now owns 22,701 shares of the company’s stock, valued at approximately $5,795,565.30. This represents a 3.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.24% of the stock is currently owned by company insiders.

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.