Treasurer of the State of North Carolina Purchases 60 Shares of AppFolio, Inc. (NASDAQ:APPF)

Treasurer of the State of North Carolina boosted its holdings in shares of AppFolio, Inc. (NASDAQ:APPF) by 0.6% during the 4th quarter, Holdings Channel reports. The fund owned 9,960 shares of the software maker’s stock after buying an additional 60 shares during the period. Treasurer of the State of North Carolina’s holdings in AppFolio were worth $2,457,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in APPF. Vanguard Group Inc. boosted its stake in shares of AppFolio by 3.8% during the fourth quarter. Vanguard Group Inc. now owns 2,495,527 shares of the software maker’s stock valued at $615,696,000 after purchasing an additional 91,174 shares in the last quarter. FMR LLC lifted its holdings in AppFolio by 881.2% during the fourth quarter. FMR LLC now owns 597,485 shares of the software maker’s stock worth $147,411,000 after buying an additional 536,591 shares during the period. Lord Abbett & CO. LLC boosted its position in AppFolio by 82.2% during the 3rd quarter. Lord Abbett & CO. LLC now owns 459,285 shares of the software maker’s stock valued at $108,116,000 after acquiring an additional 207,204 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of AppFolio by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 416,508 shares of the software maker’s stock valued at $102,791,000 after acquiring an additional 3,476 shares during the period. Finally, DF Dent & Co. Inc. raised its position in shares of AppFolio by 17.7% in the 4th quarter. DF Dent & Co. Inc. now owns 413,968 shares of the software maker’s stock worth $102,134,000 after acquiring an additional 62,277 shares in the last quarter. Hedge funds and other institutional investors own 85.19% of the company’s stock.

Wall Street Analyst Weigh In

APPF has been the topic of a number of recent research reports. Piper Sandler reaffirmed a “neutral” rating and set a $265.00 price objective on shares of AppFolio in a research report on Friday, January 31st. KeyCorp lowered 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 report on Friday, January 10th. Stephens reaffirmed an “overweight” rating and issued a $295.00 price objective on shares of AppFolio in a research report on Friday, January 31st. William Blair reissued an “outperform” rating on shares of AppFolio in a research report on Friday, January 31st. Finally, DA Davidson cut their price target on shares of AppFolio from $300.00 to $275.00 and set a “buy” rating on the stock in a report on Monday. One 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 company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $272.71.

AppFolio Trading Up 0.4 %

Shares of AppFolio stock opened at $218.78 on Friday. The firm’s 50 day simple moving average is $217.92 and its two-hundred day simple moving average is $231.29. The firm has a market capitalization of $7.96 billion, a price-to-earnings ratio of 39.42 and a beta of 0.86. AppFolio, Inc. has a 12-month low of $189.01 and a 12-month high of $274.56.

AppFolio (NASDAQ:APPF) last released its 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, sell-side analysts predict that AppFolio, Inc. will post 3.96 EPS for the current fiscal year.

Insider Buying and Selling

In other AppFolio news, CEO William Shane Trigg sold 3,501 shares of AppFolio 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 completion of the sale, the chief executive officer now directly owns 83,824 shares in the company, valued at approximately $18,212,440.48. The trade was a 4.01 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Alexander Wolf acquired 9,678 shares of the business’s stock in a transaction dated Thursday, February 13th. The stock was acquired at an average price of $214.81 per share, for a total transaction of $2,078,931.18. Following the purchase, the director now directly owns 3,226 shares of the company’s stock, valued at approximately $692,977.06. This trade represents a -150.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 5.24% of the company’s stock.

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.