Lewis Asset Management LLC Has $276,000 Stock Holdings in AppFolio, Inc. (NASDAQ:APPF)

Lewis Asset Management LLC lowered its stake in AppFolio, Inc. (NASDAQ:APPF) by 15.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,119 shares of the software maker’s stock after selling 209 shares during the period. Lewis Asset Management LLC’s holdings in AppFolio were worth $276,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of APPF. KBC Group NV boosted its holdings in shares of AppFolio by 65.5% during the fourth quarter. KBC Group NV now owns 1,023 shares of the software maker’s stock worth $252,000 after acquiring an additional 405 shares during the period. Blue Trust Inc. lifted its holdings in AppFolio by 126.5% during the 4th quarter. Blue Trust Inc. now owns 265 shares of the software maker’s stock worth $62,000 after purchasing an additional 148 shares during the last quarter. Linden Thomas Advisory Services LLC boosted its stake in AppFolio by 21.4% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 1,293 shares of the software maker’s stock valued at $319,000 after purchasing an additional 228 shares during the period. Exchange Traded Concepts LLC grew its holdings in AppFolio by 6.6% in the 4th quarter. Exchange Traded Concepts LLC now owns 642 shares of the software maker’s stock valued at $158,000 after buying an additional 40 shares in the last quarter. Finally, SG Americas Securities LLC increased its position in AppFolio by 385.7% during the 4th quarter. SG Americas Securities LLC now owns 7,145 shares of the software maker’s stock worth $1,763,000 after buying an additional 5,674 shares during the period. Institutional investors and hedge funds own 85.19% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on APPF shares. Keefe, Bruyette & Woods cut shares of AppFolio from a “market perform” rating to an “underperform” rating and reduced their target price for the company from $255.00 to $193.00 in a research report on Tuesday, October 15th. KeyCorp cut 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. Finally, Piper Sandler lowered shares of AppFolio from an “overweight” rating to a “neutral” rating and set a $265.00 target price on the stock. in a research report on Monday, January 6th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, AppFolio currently has an average rating of “Hold” and a consensus price target of $268.57.

AppFolio Stock Down 3.6 %

APPF opened at $249.97 on Thursday. The stock has a market capitalization of $9.08 billion, a price-to-earnings ratio of 69.63 and a beta of 0.87. AppFolio, Inc. has a twelve month low of $189.01 and a twelve month high of $274.56. The company has a 50-day simple moving average of $253.64 and a 200 day simple moving average of $235.86.

Insider Activity

In other news, insider Matthew S. Mazza sold 926 shares of the business’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $229.04, for a total transaction of $212,091.04. Following the completion of the transaction, the insider now owns 33,819 shares of the company’s stock, valued at approximately $7,745,903.76. The trade was a 2.67 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO William Shane Trigg sold 3,500 shares of the firm’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $229.85, for a total value of $804,475.00. Following the completion of the sale, the chief executive officer now directly owns 74,327 shares in the company, valued at $17,084,060.95. This trade represents a 4.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 24,606 shares of company stock worth $5,958,832. 5.24% of the stock is currently owned by corporate insiders.

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.