SYM FINANCIAL Corp Purchases New Stake in AppFolio, Inc. (NASDAQ:APPF)

SYM FINANCIAL Corp acquired a new position in AppFolio, Inc. (NASDAQ:APPF) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 1,182 shares of the software maker’s stock, valued at approximately $292,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Tidal Investments LLC raised its holdings in shares of AppFolio by 2.9% in the 3rd quarter. Tidal Investments LLC now owns 1,425 shares of the software maker’s stock worth $335,000 after purchasing an additional 40 shares during the period. Exchange Traded Concepts LLC increased its position in AppFolio by 6.6% in the fourth quarter. Exchange Traded Concepts LLC now owns 642 shares of the software maker’s stock worth $158,000 after buying an additional 40 shares during the last quarter. Blue Trust Inc. raised its stake in shares of AppFolio by 85.7% in the third quarter. Blue Trust Inc. now owns 117 shares of the software maker’s stock valued at $29,000 after buying an additional 54 shares during the period. Nisa Investment Advisors LLC lifted its position in shares of AppFolio by 11.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 616 shares of the software maker’s stock valued at $152,000 after buying an additional 65 shares during the last quarter. Finally, Northwest & Ethical Investments L.P. grew its stake in shares of AppFolio by 16.0% during the 3rd quarter. Northwest & Ethical Investments L.P. now owns 725 shares of the software maker’s stock worth $171,000 after acquiring an additional 100 shares during the period. 85.19% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at AppFolio

In other AppFolio news, major shareholder Maurice J. Duca sold 2,510 shares of the firm’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $229.21, for a total transaction of $575,317.10. Following the sale, the insider now owns 2,459 shares in the company, valued at $563,627.39. This trade represents a 50.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Matthew S. Mazza sold 926 shares of the company’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $229.04, for a total value of $212,091.04. Following the completion of the transaction, the insider now owns 33,819 shares of the company’s stock, valued at $7,745,903.76. The trade was a 2.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 24,606 shares of company stock valued at $5,958,832 over the last three months. 5.24% of the stock is owned by corporate insiders.

AppFolio Stock Performance

AppFolio stock opened at $233.91 on Monday. The stock has a market cap of $8.50 billion, a P/E ratio of 65.16 and a beta of 0.87. AppFolio, Inc. has a fifty-two week low of $189.01 and a fifty-two week high of $274.56. The firm’s fifty day moving average price is $253.82 and its 200-day moving average price is $235.40.

AppFolio (NASDAQ:APPF) last released its quarterly earnings results on Thursday, January 30th. The software maker reported $0.58 earnings per share for the quarter, missing the consensus estimate of $0.92 by ($0.34). AppFolio had a net margin of 17.26% and a return on equity of 30.64%. Sell-side analysts predict that AppFolio, Inc. will post 3.2 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on APPF shares. Keefe, Bruyette & Woods cut AppFolio from a “market perform” rating to an “underperform” rating and lowered their price objective for the company from $255.00 to $193.00 in a research note on Tuesday, October 15th. Stephens restated an “overweight” rating and set a $295.00 price target on shares of AppFolio in a research note on Friday. 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 restated an “outperform” rating on shares of AppFolio in a research report on Friday. Finally, Piper Sandler reiterated a “neutral” rating and issued a $265.00 price target on shares of AppFolio in a research report on Friday. One investment 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $276.29.

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.