Amundi Acquires 16,554 Shares of AppFolio, Inc. (NASDAQ:APPF)

Amundi lifted its stake in AppFolio, Inc. (NASDAQ:APPF) by 2,640.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,181 shares of the software maker’s stock after buying an additional 16,554 shares during the period. Amundi’s holdings in AppFolio were worth $4,357,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Assetmark Inc. lifted its position in shares of AppFolio by 649.5% during the 3rd quarter. Assetmark Inc. now owns 2,391 shares of the software maker’s stock valued at $563,000 after acquiring an additional 2,072 shares during the period. Crossmark Global Holdings Inc. lifted its position in AppFolio by 33.7% during the third quarter. Crossmark Global Holdings Inc. now owns 1,770 shares of the software maker’s stock worth $416,000 after purchasing an additional 446 shares during the period. State of New Jersey Common Pension Fund D grew its stake in AppFolio by 5.1% during the third quarter. State of New Jersey Common Pension Fund D now owns 8,475 shares of the software maker’s stock worth $1,995,000 after buying an additional 412 shares in the last quarter. Entropy Technologies LP bought a new position in AppFolio in the 3rd quarter valued at about $384,000. Finally, KBC Group NV raised its position in shares of AppFolio by 22.1% in the 3rd quarter. KBC Group NV now owns 618 shares of the software maker’s stock valued at $145,000 after buying an additional 112 shares in the last quarter. Institutional investors and hedge funds own 85.19% of the company’s stock.

Insider Activity

In other news, Director Alexander Wolf bought 9,678 shares of the firm’s stock in a transaction on Thursday, February 13th. The stock was acquired at an average price of $214.81 per share, with a total value of $2,078,931.18. Following the transaction, the director now owns 3,226 shares of the company’s stock, valued at $692,977.06. This trade represents a -150.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 transaction of $760,662.27. Following the completion of the transaction, the chief executive officer now owns 83,824 shares in the company, valued at $18,212,440.48. This trade represents a 4.01 % decrease in their position. The disclosure for this sale can be found here. Insiders own 5.24% of the company’s stock.

Wall Street Analysts Forecast Growth

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

AppFolio Stock Up 4.9 %

Shares of APPF opened at $216.74 on Friday. The stock has a market cap of $7.89 billion, a PE ratio of 39.05 and a beta of 0.89. AppFolio, Inc. has a 12-month low of $189.01 and a 12-month high of $274.56. The business has a 50-day simple moving average of $231.33 and a two-hundred day simple moving average of $233.01.

AppFolio (NASDAQ:APPF) last released its quarterly earnings data on Thursday, January 30th. The software maker reported $0.58 earnings per share (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 research analysts expect that AppFolio, Inc. will post 3.96 EPS for the current 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.