894 Shares in AppFolio, Inc. (NASDAQ:APPF) Bought by denkapparat Operations GmbH

denkapparat Operations GmbH acquired a new stake in AppFolio, Inc. (NASDAQ:APPF) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 894 shares of the software maker’s stock, valued at approximately $221,000.

Several other institutional investors also recently modified their holdings of the company. Pictet Asset Management Holding SA grew its holdings in AppFolio by 15.4% during the fourth quarter. Pictet Asset Management Holding SA now owns 3,133 shares of the software maker’s stock worth $773,000 after purchasing an additional 417 shares during the period. New Age Alpha Advisors LLC bought a new position in shares of AppFolio during the 4th quarter worth approximately $1,249,000. Norges Bank acquired a new position in shares of AppFolio during the 4th quarter worth approximately $68,037,000. Loomis Sayles & Co. L P bought a new stake in AppFolio in the 4th quarter valued at $724,000. Finally, Congress Wealth Management LLC DE bought a new position in AppFolio during the fourth quarter worth $226,000. 85.19% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. 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 price objective on shares of AppFolio in a report on Friday, January 31st. KeyCorp cut AppFolio from an “overweight” rating to a “sector weight” rating and set a $253.00 price target for the company. in a report on Friday, January 10th. Finally, William Blair reaffirmed an “outperform” rating on shares of AppFolio in a report on Friday, January 31st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $276.29.

AppFolio Price Performance

AppFolio stock opened at $221.30 on Friday. The stock’s fifty day moving average price is $225.38 and its two-hundred day moving average price is $232.40. The firm has a market cap of $8.06 billion, a PE ratio of 39.87 and a beta of 0.89. AppFolio, Inc. has a one year low of $189.01 and a one year high of $274.56.

AppFolio (NASDAQ:APPF) last posted its quarterly earnings data 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 return on equity of 26.21% and a net margin of 25.69%. Sell-side analysts expect that AppFolio, Inc. will post 3.96 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO William Shane Trigg sold 3,501 shares of AppFolio stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $217.27, for a total value of $760,662.27. Following the transaction, the chief executive officer now owns 83,824 shares in the company, valued at approximately $18,212,440.48. This trade represents a 4.01 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Alexander Wolf purchased 9,678 shares of the stock in a transaction dated Thursday, February 13th. The shares were acquired at an average cost of $214.81 per share, with a total value of $2,078,931.18. Following the acquisition, the director now directly owns 3,226 shares in the company, valued at $692,977.06. This represents a -150.00 % increase in their position. The disclosure for this purchase can be found here. 5.24% of the stock is currently owned by company insiders.

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.