Transce3nd LLC Purchases Shares of 338 AppFolio, Inc. (NASDAQ:APPF)

Transce3nd LLC bought a new position in AppFolio, Inc. (NASDAQ:APPF) in the 4th quarter, according to its most recent disclosure with the SEC. The firm bought 338 shares of the software maker’s stock, valued at approximately $83,000.

Other large investors have also bought and sold shares of the company. FMR LLC grew its position in shares of AppFolio by 881.2% in the 4th 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. Kayne Anderson Rudnick Investment Management LLC purchased a new position in shares of AppFolio in the fourth quarter worth $103,503,000. Norges Bank purchased a new position in AppFolio in the 4th quarter worth about $68,037,000. Lord Abbett & CO. LLC lifted its position in AppFolio by 82.2% during the third quarter. Lord Abbett & CO. LLC now owns 459,285 shares of the software maker’s stock valued at $108,116,000 after purchasing an additional 207,204 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its holdings 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 valued at $57,706,000 after buying an additional 162,540 shares during the period. 85.19% of the stock is owned by institutional investors.

AppFolio Price Performance

Shares of APPF stock opened at $209.90 on Tuesday. The company’s 50-day simple moving average is $217.85 and its two-hundred day simple moving average is $231.14. AppFolio, Inc. has a one year low of $189.01 and a one year high of $274.56. 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 released its quarterly earnings data on Thursday, January 30th. The software maker reported $0.58 earnings per share 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%. On average, research analysts expect that AppFolio, Inc. will post 3.96 EPS for the current fiscal year.

Insider Buying and Selling

In other AppFolio news, insider Matthew S. Mazza sold 838 shares of the 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 transaction, the insider now directly owns 22,701 shares of the company’s stock, valued at $5,795,565.30. This trade represents a 3.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Alexander Wolf acquired 9,678 shares of the stock in a transaction that occurred on Thursday, February 13th. The stock was purchased 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. The trade was a -150.00 % increase in their position. The disclosure for this purchase can be found here. 5.24% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts have recently weighed in on APPF shares. DA Davidson lowered their price objective on shares of AppFolio from $300.00 to $275.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. KeyCorp downgraded AppFolio from an “overweight” rating to a “sector weight” rating and set a $253.00 price objective on the stock. in a research report on Friday, January 10th. Stephens restated an “overweight” rating and set a $295.00 target price on shares of AppFolio in a research report on Friday, January 31st. Piper Sandler restated a “neutral” rating and set a $265.00 price target on shares of AppFolio in a report on Friday, January 31st. Finally, William Blair restated an “outperform” rating on shares of AppFolio in a report on Friday, January 31st. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $272.71.

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.