Loomis Sayles & Co. L P Acquires Shares of 2,936 AppFolio, Inc. (NASDAQ:APPF)

Loomis Sayles & Co. L P bought a new stake in AppFolio, Inc. (NASDAQ:APPF) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 2,936 shares of the software maker’s stock, valued at approximately $724,000.

A number of other institutional investors have also modified their holdings of the stock. JPMorgan Chase & Co. grew its position in AppFolio by 3.3% in the 3rd 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 during the last quarter. Captrust Financial Advisors lifted its stake in shares of AppFolio by 183.3% in the 3rd quarter. Captrust Financial Advisors now owns 4,374 shares of the software maker’s stock worth $1,030,000 after acquiring an additional 2,830 shares during the period. Advisors Asset Management Inc. boosted its holdings in shares of AppFolio by 56.6% in the third quarter. Advisors Asset Management Inc. now owns 390 shares of the software maker’s stock valued at $92,000 after acquiring an additional 141 shares in the last quarter. South Dakota Investment Council increased its stake in shares of AppFolio by 94.4% during the fourth quarter. South Dakota Investment Council now owns 3,500 shares of the software maker’s stock worth $864,000 after acquiring an additional 1,700 shares during the period. Finally, SYM FINANCIAL Corp purchased a new position in AppFolio during the fourth quarter worth about $292,000. Institutional investors and hedge funds own 85.19% of the company’s stock.

Insider Activity at AppFolio

In other AppFolio news, CEO William Shane Trigg sold 3,501 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $217.27, for a total value of $760,662.27. Following the transaction, the chief executive officer now directly owns 83,824 shares in the company, valued at approximately $18,212,440.48. This represents a 4.01 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Alexander Wolf purchased 9,678 shares of the stock in a transaction dated Thursday, February 13th. The shares were purchased at an average price of $214.81 per share, with a total value of $2,078,931.18. Following the completion of the acquisition, 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 disclosure for this purchase can be found here. 5.24% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Stephens reaffirmed an “overweight” rating and issued a $295.00 price objective on shares of AppFolio in a report on Friday, January 31st. KeyCorp lowered 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 reiterated an “outperform” rating on shares of AppFolio in a research report on Friday, January 31st. Finally, Piper Sandler restated a “neutral” rating and set a $265.00 target price on shares of AppFolio in a research report on Friday, January 31st. One investment 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’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $276.29.

AppFolio Stock Down 1.7 %

Shares of APPF stock opened at $221.30 on Friday. The stock 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 fifty-two week low of $189.01 and a fifty-two week high of $274.56. The business has a fifty day simple moving average of $225.38 and a 200-day simple moving average of $232.48.

AppFolio (NASDAQ:APPF) last announced its earnings results on Thursday, January 30th. The software maker reported $0.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.34). AppFolio had a return on equity of 26.21% and a net margin of 25.69%. On average, sell-side analysts anticipate that AppFolio, Inc. will post 3.96 earnings per share for the current year.

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.