Swiss National Bank Buys 1,500 Shares of AppFolio, Inc. (NASDAQ:APPF)

Swiss National Bank boosted its holdings in AppFolio, Inc. (NASDAQ:APPF) by 3.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 43,000 shares of the software maker’s stock after acquiring an additional 1,500 shares during the quarter. Swiss National Bank owned 0.12% of AppFolio worth $10,609,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. EverSource Wealth Advisors LLC lifted its position in AppFolio by 1,485.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 222 shares of the software maker’s stock valued at $55,000 after acquiring an additional 208 shares in the last quarter. HighTower Advisors LLC lifted its position in AppFolio by 60.4% in the 4th quarter. HighTower Advisors LLC now owns 1,485 shares of the software maker’s stock valued at $366,000 after acquiring an additional 559 shares in the last quarter. Independent Advisor Alliance lifted its position in AppFolio by 2.1% in the 4th quarter. Independent Advisor Alliance now owns 2,607 shares of the software maker’s stock valued at $643,000 after acquiring an additional 53 shares in the last quarter. Daiwa Securities Group Inc. lifted its position in AppFolio by 485.2% in the 4th quarter. Daiwa Securities Group Inc. now owns 7,022 shares of the software maker’s stock valued at $1,732,000 after acquiring an additional 5,822 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in AppFolio by 16.5% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,427 shares of the software maker’s stock valued at $1,339,000 after acquiring an additional 767 shares in the last quarter. Institutional investors own 85.19% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on APPF shares. Stephens reaffirmed an “overweight” rating and issued a $295.00 price target on shares of AppFolio in a research report on Friday, January 31st. KeyCorp cut shares of 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. William Blair reissued an “outperform” rating on shares of AppFolio in a research report on Friday, January 31st. Finally, Piper Sandler reissued a “neutral” rating and set a $265.00 target price on shares of AppFolio in a research report on Friday, January 31st. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $276.29.

AppFolio Stock Down 0.7 %

Shares of APPF stock opened at $215.51 on Friday. The company has a 50 day moving average of $228.41 and a 200-day moving average of $232.56. AppFolio, Inc. has a 12-month low of $189.01 and a 12-month high of $274.56. The firm has a market cap of $7.85 billion, a P/E ratio of 38.83 and a beta of 0.89.

AppFolio (NASDAQ:APPF) last issued its quarterly earnings results 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 return on equity of 26.21% and a net margin of 25.69%. As a group, equities analysts expect that AppFolio, Inc. will post 3.96 EPS for the current year.

Insider Transactions at AppFolio

In other AppFolio news, Director Alexander Wolf acquired 9,678 shares of AppFolio stock in a transaction that occurred on Thursday, February 13th. The stock was acquired at an average cost of $214.81 per share, for a total transaction of $2,078,931.18. Following the purchase, the director now owns 3,226 shares of the company’s stock, valued at approximately $692,977.06. This represents a -150.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Matthew S. Mazza sold 838 shares of AppFolio stock in a transaction that occurred 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 of the company’s stock, valued at $5,795,565.30. This represents a 3.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.24% of the stock is currently owned by company insiders.

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.