Delap Wealth Advisory LLC Buys Shares of 814 AppFolio, Inc. (NASDAQ:APPF)

Delap Wealth Advisory LLC bought a new stake in AppFolio, Inc. (NASDAQ:APPF) during the 4th quarter, Holdings Channel.com reports. The firm bought 814 shares of the software maker’s stock, valued at approximately $201,000.

Other institutional investors have also recently bought and sold shares of the company. Blue Trust Inc. lifted its stake in AppFolio by 85.7% in the 3rd quarter. Blue Trust Inc. now owns 117 shares of the software maker’s stock valued at $29,000 after acquiring an additional 54 shares in the last quarter. UMB Bank n.a. lifted its stake in AppFolio by 193.0% in the 4th quarter. UMB Bank n.a. now owns 167 shares of the software maker’s stock valued at $41,000 after acquiring an additional 110 shares in the last quarter. Arcadia Investment Management Corp MI bought a new stake in AppFolio in the 4th quarter valued at approximately $50,000. True Wealth Design LLC bought a new stake in AppFolio in the 3rd quarter valued at approximately $79,000. Finally, Advisors Asset Management Inc. lifted its stake in AppFolio by 56.6% in the 3rd 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. Institutional investors own 85.19% of the company’s stock.

AppFolio Trading Down 2.1 %

APPF opened at $211.66 on Friday. AppFolio, Inc. has a 1-year low of $189.01 and a 1-year high of $274.56. The stock’s fifty day simple moving average is $242.36 and its 200 day simple moving average is $233.68. The stock has a market cap of $7.70 billion, a PE ratio of 38.14 and a beta of 0.88.

AppFolio (NASDAQ:APPF) last posted its quarterly 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%. Equities analysts forecast that AppFolio, Inc. will post 3.96 earnings per share for the current year.

Insider Activity at AppFolio

In other AppFolio news, major shareholder Maurice J. Duca sold 2,577 shares of the company’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $250.75, for a total value of $646,182.75. Following the transaction, the insider now directly owns 2,875 shares of the company’s stock, valued at $720,906.25. This represents a 47.27 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO William Shane Trigg sold 4,145 shares of the company’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $263.32, for a total value of $1,091,461.40. Following the completion of the transaction, the chief executive officer now directly owns 73,682 shares in the company, valued at approximately $19,401,944.24. This represents a 5.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 12,321 shares of company stock worth $3,034,077. Company insiders own 5.24% of the company’s stock.

Analyst Ratings Changes

APPF has been the topic of several research reports. KeyCorp cut AppFolio from an “overweight” rating to a “sector weight” rating and set a $253.00 target price on the stock. in a research note on Friday, January 10th. Stephens reiterated an “overweight” rating and set a $295.00 price objective on shares of AppFolio in a research note on Friday, January 31st. William Blair reiterated an “outperform” rating on shares of AppFolio in a research note on Friday, January 31st. Finally, Piper Sandler reiterated a “neutral” rating and set a $265.00 price objective on shares of AppFolio in a research note on Friday, January 31st. One investment 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, the company presently has an average rating of “Hold” and a consensus target price of $276.29.

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.