ING Groep NV Takes $962,000 Position in AppFolio, Inc. (NASDAQ:APPF)

ING Groep NV bought a new stake in AppFolio, Inc. (NASDAQ:APPF) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 3,900 shares of the software maker’s stock, valued at approximately $962,000.

Other institutional investors have also modified their holdings of the company. Blue Trust Inc. grew its holdings in AppFolio by 85.7% during the third quarter. Blue Trust Inc. now owns 117 shares of the software maker’s stock worth $29,000 after acquiring an additional 54 shares during the period. UMB Bank n.a. grew its holdings 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 period. True Wealth Design LLC acquired a new position in AppFolio during the third quarter worth $79,000. Advisors Asset Management Inc. grew its holdings in AppFolio by 56.6% during the third quarter. Advisors Asset Management Inc. now owns 390 shares of the software maker’s stock worth $92,000 after acquiring an additional 141 shares during the period. Finally, Venturi Wealth Management LLC acquired a new position in AppFolio during the fourth quarter worth $99,000. Institutional investors and hedge funds own 85.19% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Piper Sandler reaffirmed a “neutral” rating and set a $265.00 price objective on shares of AppFolio in a report on Friday, January 31st. Stephens reiterated an “overweight” rating and set a $295.00 target price 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 report on Friday, January 31st. Finally, KeyCorp downgraded 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 investment 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.com, AppFolio has an average rating of “Hold” and an average price target of $276.29.

Insider Activity

In other AppFolio news, Director Alexander Wolf bought 9,678 shares of the company’s stock in a transaction that occurred on Thursday, February 13th. The stock was purchased at an average cost of $214.81 per share, for a total transaction of $2,078,931.18. Following the completion of the purchase, 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Scanlan Agnes Bundy sold 500 shares of the company’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $255.42, for a total value of $127,710.00. Following the completion of the transaction, the director now owns 5,416 shares of the company’s stock, valued at $1,383,354.72. The trade was a 8.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 9,744 shares of company stock worth $2,387,894 over the last three months. 5.24% of the stock is currently owned by corporate insiders.

AppFolio Stock Up 1.6 %

Shares of NASDAQ:APPF opened at $215.01 on Tuesday. AppFolio, Inc. has a 52-week low of $189.01 and a 52-week high of $274.56. The stock’s fifty day simple moving average is $241.39 and its 200-day simple moving average is $233.83. The company has a market capitalization of $7.83 billion, a P/E ratio of 38.74 and a beta of 0.88.

AppFolio (NASDAQ:APPF) last issued 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, sell-side analysts anticipate 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.