15,000 Shares in AppFolio, Inc. (NASDAQ:APPF) Purchased by Sellaronda Global Management LP

Sellaronda Global Management LP acquired a new position in AppFolio, Inc. (NASDAQ:APPF) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 15,000 shares of the software maker’s stock, valued at approximately $3,701,000. AppFolio comprises about 3.7% of Sellaronda Global Management LP’s holdings, making the stock its 11th largest holding.

Several other large investors also recently bought and sold shares of the company. FMR LLC boosted its position in AppFolio by 998.0% during the third quarter. FMR LLC now owns 60,894 shares of the software maker’s stock worth $14,334,000 after acquiring an additional 55,348 shares during the last quarter. Captrust Financial Advisors boosted its holdings in shares of AppFolio by 183.3% during the 3rd quarter. Captrust Financial Advisors now owns 4,374 shares of the software maker’s stock worth $1,030,000 after purchasing an additional 2,830 shares during the last quarter. Janus Henderson Group PLC grew its position in shares of AppFolio by 2.4% in the third quarter. Janus Henderson Group PLC now owns 9,353 shares of the software maker’s stock valued at $2,200,000 after purchasing an additional 215 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in shares of AppFolio in the third quarter valued at approximately $6,474,000. Finally, Stifel Financial Corp increased its holdings in shares of AppFolio by 45.0% in the third quarter. Stifel Financial Corp now owns 1,853 shares of the software maker’s stock valued at $436,000 after purchasing an additional 575 shares during the last quarter. 85.19% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at AppFolio

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

AppFolio Stock Performance

AppFolio stock opened at $214.77 on Tuesday. The company’s 50 day simple moving average is $221.18 and its 200-day simple moving average is $232.25. AppFolio, Inc. has a 1 year low of $189.01 and a 1 year high of $274.56. The company has a market capitalization of $7.82 billion, a price-to-earnings ratio of 38.70 and a beta of 0.86.

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

Wall Street Analyst Weigh In

APPF has been the subject of several analyst reports. KeyCorp cut AppFolio from an “overweight” rating to a “sector weight” rating and set a $253.00 target price for the company. in a report on Friday, January 10th. Stephens restated an “overweight” rating and set a $295.00 price objective on shares of AppFolio in a research report on Friday, January 31st. William Blair reaffirmed an “outperform” rating on shares of AppFolio in a research note on Friday, January 31st. Finally, Piper Sandler reissued a “neutral” rating and issued a $265.00 price target on shares of AppFolio in a research note 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. Based on data from MarketBeat, AppFolio presently has an average rating of “Hold” and a consensus target price of $276.29.

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.