Orion Portfolio Solutions LLC Sells 166 Shares of AppFolio, Inc. (NASDAQ:APPF)

Orion Portfolio Solutions LLC cut its holdings in AppFolio, Inc. (NASDAQ:APPF) by 2.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,596 shares of the software maker’s stock after selling 166 shares during the period. Orion Portfolio Solutions LLC’s holdings in AppFolio were worth $1,874,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. UMB Bank n.a. increased its stake in AppFolio by 193.0% during the fourth quarter. UMB Bank n.a. now owns 167 shares of the software maker’s stock worth $41,000 after acquiring an additional 110 shares during the last quarter. Arcadia Investment Management Corp MI bought a new position in shares of AppFolio during the 4th quarter valued at approximately $50,000. EverSource Wealth Advisors LLC raised its holdings in AppFolio by 1,485.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 222 shares of the software maker’s stock valued at $55,000 after buying an additional 208 shares during the period. Jones Financial Companies Lllp lifted its position in AppFolio by 60.4% in the fourth quarter. Jones Financial Companies Lllp now owns 247 shares of the software maker’s stock worth $61,000 after buying an additional 93 shares during the last quarter. Finally, Blue Trust Inc. boosted its stake in AppFolio by 126.5% during the fourth quarter. Blue Trust Inc. now owns 265 shares of the software maker’s stock worth $62,000 after buying an additional 148 shares during the period. 85.19% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other AppFolio news, insider Matthew S. Mazza sold 838 shares of the company’s stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $255.30, for a total transaction of $213,941.40. Following the completion of the sale, the insider now owns 22,701 shares in the company, valued at $5,795,565.30. This represents a 3.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Alexander Wolf purchased 9,678 shares of the business’s stock in a transaction dated Thursday, February 13th. The stock was bought at an average price of $214.81 per share, for a total transaction of $2,078,931.18. Following the completion of the acquisition, the director now directly owns 3,226 shares in the company, valued at approximately $692,977.06. This trade represents a -150.00 % increase in their position. The disclosure for this purchase can be found here. 5.24% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on APPF shares. William Blair reissued an “outperform” rating on shares of AppFolio in a research note on Friday, January 31st. Stephens reissued an “overweight” rating and issued a $295.00 price objective on shares of AppFolio in a research report on Friday, January 31st. 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. Finally, KeyCorp downgraded AppFolio from an “overweight” rating to a “sector weight” rating and set a $253.00 price target on the stock. in a report on Friday, January 10th. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, AppFolio has an average rating of “Hold” and a consensus price target of $276.29.

AppFolio Stock Performance

AppFolio stock opened at $227.63 on Thursday. The company has a market capitalization of $8.29 billion, a PE ratio of 41.01 and a beta of 0.86. The company has a 50 day moving average price of $223.38 and a 200-day moving average price of $232.45. AppFolio, Inc. has a fifty-two week low of $189.01 and a fifty-two week high of $274.56.

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

AppFolio 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.