894 Shares in AppFolio, Inc. (NASDAQ:APPF) Acquired by denkapparat Operations GmbH

denkapparat Operations GmbH bought a new stake in AppFolio, Inc. (NASDAQ:APPF) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 894 shares of the software maker’s stock, valued at approximately $221,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in AppFolio by 3.8% in the fourth quarter. Vanguard Group Inc. now owns 2,495,527 shares of the software maker’s stock worth $615,696,000 after purchasing an additional 91,174 shares during the period. State Street Corp boosted its stake in AppFolio by 8.2% in the third quarter. State Street Corp now owns 653,136 shares of the software maker’s stock valued at $153,748,000 after acquiring an additional 49,238 shares during the last quarter. Lord Abbett & CO. LLC boosted its stake in AppFolio by 82.2% in the third 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 during the last quarter. Geode Capital Management LLC grew its holdings in AppFolio by 8.6% during the 3rd quarter. Geode Capital Management LLC now owns 413,032 shares of the software maker’s stock worth $97,252,000 after acquiring an additional 32,743 shares during the period. Finally, DF Dent & Co. Inc. raised its position in shares of AppFolio by 10.1% during the 3rd quarter. DF Dent & Co. Inc. now owns 351,691 shares of the software maker’s stock valued at $82,788,000 after acquiring an additional 32,181 shares during the last quarter. Institutional investors own 85.19% of the company’s stock.

Insider Transactions at AppFolio

In related 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 completion of the transaction, the insider now owns 22,701 shares in the company, valued at approximately $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 SEC, which can be accessed through this hyperlink. Also, CEO William Shane Trigg sold 3,501 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer now directly owns 83,824 shares of the company’s stock, valued at approximately $18,212,440.48. This trade represents a 4.01 % decrease in their position. The disclosure for this sale can be found here. 5.24% of the stock is owned by insiders.

AppFolio Stock Performance

Shares of APPF opened at $221.30 on Friday. The firm has a market cap of $8.06 billion, a P/E ratio of 39.87 and a beta of 0.89. AppFolio, Inc. has a twelve month low of $189.01 and a twelve month high of $274.56. The firm’s 50 day moving average price is $225.38 and its two-hundred day moving average price is $232.40.

AppFolio (NASDAQ:APPF) last posted its quarterly earnings data 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 net margin of 25.69% and a return on equity of 26.21%. On average, sell-side analysts anticipate that AppFolio, Inc. will post 3.96 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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