XTX Topco Ltd Has $427,000 Stock Position in AppFolio, Inc. (NASDAQ:APPF)

XTX Topco Ltd reduced its stake in AppFolio, Inc. (NASDAQ:APPF) by 29.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,730 shares of the software maker’s stock after selling 720 shares during the quarter. XTX Topco Ltd’s holdings in AppFolio were worth $427,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the company. FMR LLC grew its holdings in AppFolio by 881.2% in the 4th quarter. FMR LLC now owns 597,485 shares of the software maker’s stock valued at $147,411,000 after buying an additional 536,591 shares in the last quarter. Norges Bank bought a new position in AppFolio during the fourth quarter worth about $68,037,000. Lord Abbett & CO. LLC raised its stake in AppFolio by 82.2% in the 3rd quarter. Lord Abbett & CO. LLC now owns 459,285 shares of the software maker’s stock worth $108,116,000 after purchasing an additional 207,204 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of AppFolio by 227.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 233,892 shares of the software maker’s stock worth $57,706,000 after purchasing an additional 162,540 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of AppFolio during the fourth quarter worth approximately $30,195,000. Institutional investors own 85.19% of the company’s stock.

Insider Buying and Selling

In other news, insider Matthew S. Mazza sold 838 shares of the company’s stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $255.30, for a total transaction of $213,941.40. Following the transaction, the insider now directly owns 22,701 shares of the company’s stock, valued at $5,795,565.30. This represents a 3.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Alexander Wolf purchased 9,678 shares of AppFolio stock in a transaction that occurred on Thursday, February 13th. The stock was acquired at an average cost of $214.81 per share, with a total value of $2,078,931.18. Following the transaction, the director now owns 3,226 shares in the company, valued at $692,977.06. This trade represents a -150.00 % increase in their position. The disclosure for this purchase can be found here. 5.24% of the stock is owned by insiders.

AppFolio Stock Performance

Shares of NASDAQ APPF opened at $209.90 on Tuesday. AppFolio, Inc. has a 52-week low of $189.01 and a 52-week high of $274.56. The company’s 50 day moving average price is $217.85 and its 200-day moving average price is $231.14. The company has a market capitalization of $7.64 billion, a P/E ratio of 37.82 and a beta of 0.86.

AppFolio (NASDAQ:APPF) last posted its quarterly earnings data on Thursday, January 30th. The software maker reported $0.58 earnings per share 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%. Analysts forecast that AppFolio, Inc. will post 3.96 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages recently issued reports on APPF. DA Davidson reduced their price target on AppFolio from $300.00 to $275.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Stephens reissued an “overweight” rating and set a $295.00 target price on shares of AppFolio in a report on Friday, January 31st. William Blair reiterated an “outperform” rating on shares of AppFolio in a research note on Friday, January 31st. Piper Sandler reaffirmed a “neutral” rating and set a $265.00 price target on shares of AppFolio in a report on Friday, January 31st. Finally, KeyCorp cut shares of AppFolio from an “overweight” rating to a “sector weight” rating and set a $253.00 price objective on the stock. in a research note on Friday, January 10th. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $272.71.

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.