Stevens Capital Management LP Purchases New Holdings in AppFolio, Inc. (NASDAQ:APPF)

Stevens Capital Management LP acquired a new position in AppFolio, Inc. (NASDAQ:APPF) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 820 shares of the software maker’s stock, valued at approximately $202,000.

Several other large investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. raised its position in shares of AppFolio by 3.3% during the third quarter. JPMorgan Chase & Co. now owns 161,278 shares of the software maker’s stock worth $37,965,000 after acquiring an additional 5,077 shares during the last quarter. Captrust Financial Advisors raised its holdings in 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. Advisors Asset Management Inc. lifted its position in AppFolio by 56.6% during the 3rd quarter. Advisors Asset Management Inc. now owns 390 shares of the software maker’s stock valued at $92,000 after purchasing an additional 141 shares during the period. South Dakota Investment Council boosted its stake in shares of AppFolio by 94.4% in the 4th quarter. South Dakota Investment Council now owns 3,500 shares of the software maker’s stock valued at $864,000 after purchasing an additional 1,700 shares during the last quarter. Finally, SYM FINANCIAL Corp acquired a new stake in shares of AppFolio during the 4th quarter worth approximately $292,000. Institutional investors and hedge funds own 85.19% of the company’s stock.

Analyst Upgrades and Downgrades

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

Insider Activity at AppFolio

In other AppFolio news, CEO William Shane Trigg sold 3,501 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $217.27, for a total value of $760,662.27. Following the sale, the chief executive officer now 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Alexander Wolf purchased 9,678 shares of the firm’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 completion of the purchase, the director now directly owns 3,226 shares in the company, valued at approximately $692,977.06. This represents a -150.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 5.24% of the stock is currently owned by insiders.

AppFolio Price Performance

NASDAQ APPF opened at $220.60 on Tuesday. AppFolio, Inc. has a one year low of $189.01 and a one year high of $274.56. The firm has a market cap of $8.03 billion, a P/E ratio of 39.75 and a beta of 0.89. The stock’s 50-day moving average is $227.40 and its 200-day moving average is $232.45.

AppFolio (NASDAQ:APPF) last announced its earnings results on Thursday, January 30th. The software maker reported $0.58 EPS 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%. Equities analysts anticipate that AppFolio, Inc. will post 3.96 EPS for the current year.

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.