203 Shares in AppFolio, Inc. (NASDAQ:APPF) Purchased by Arcadia Investment Management Corp MI

Arcadia Investment Management Corp MI purchased a new stake in AppFolio, Inc. (NASDAQ:APPF) in the fourth quarter, Holdings Channel reports. The institutional investor purchased 203 shares of the software maker’s stock, valued at approximately $50,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of APPF. Summit Global Investments bought a new stake in shares of AppFolio in the 3rd quarter worth approximately $759,000. JPMorgan Chase & Co. increased its holdings in shares of AppFolio by 3.3% in the third quarter. JPMorgan Chase & Co. now owns 161,278 shares of the software maker’s stock valued at $37,965,000 after buying an additional 5,077 shares in the last quarter. Captrust Financial Advisors lifted its position 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 valued at $1,030,000 after acquiring an additional 2,830 shares during the last quarter. Baker Avenue Asset Management LP lifted its position in shares of AppFolio by 16.5% during the 3rd quarter. Baker Avenue Asset Management LP now owns 21,483 shares of the software maker’s stock valued at $5,057,000 after acquiring an additional 3,038 shares during the last quarter. Finally, Advisors Asset Management Inc. boosted its stake in shares of AppFolio by 56.6% during the 3rd quarter. Advisors Asset Management Inc. now owns 390 shares of the software maker’s stock worth $92,000 after acquiring an additional 141 shares in the last quarter. 85.19% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Stephens reaffirmed an “overweight” rating and set a $295.00 target price on shares of AppFolio in a report on Friday, January 31st. KeyCorp lowered shares of 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. William Blair reiterated an “outperform” rating on shares of AppFolio in a report on Friday, January 31st. Finally, Piper Sandler restated a “neutral” rating and set a $265.00 price target on shares of AppFolio in a report on Friday, January 31st. One analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, AppFolio has an average rating of “Hold” and a consensus price target of $276.29.

Insider Buying and Selling at AppFolio

In other AppFolio news, CEO William Shane Trigg sold 4,145 shares of AppFolio stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $263.32, for a total value of $1,091,461.40. Following the completion of the sale, the chief executive officer now directly owns 73,682 shares in the company, valued at $19,401,944.24. The trade was a 5.33 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Alexander Wolf purchased 9,678 shares of the company’s stock in a transaction dated 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 purchase, the director now owns 3,226 shares in the company, valued at $692,977.06. The trade was a -150.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold 12,321 shares of company stock worth $3,034,077 over the last 90 days. 5.24% of the stock is currently owned by corporate insiders.

AppFolio Stock Performance

Shares of APPF opened at $211.66 on Friday. The company has a market capitalization of $7.70 billion, a PE ratio of 38.14 and a beta of 0.88. The company’s 50 day moving average price is $242.36 and its 200 day moving average price is $233.50. AppFolio, Inc. has a 52 week low of $189.01 and a 52 week high of $274.56.

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

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.