Tower Research Capital LLC TRC Boosts Stock Holdings in AppFolio, Inc. (NASDAQ:APPF)

Tower Research Capital LLC TRC boosted its position in AppFolio, Inc. (NASDAQ:APPF) by 404.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,435 shares of the software maker’s stock after buying an additional 1,952 shares during the quarter. Tower Research Capital LLC TRC’s holdings in AppFolio were worth $601,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Exchange Traded Concepts LLC increased 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 worth $158,000 after acquiring an additional 40 shares during the last quarter. Independent Advisor Alliance increased its stake in shares of AppFolio by 2.1% in the fourth quarter. Independent Advisor Alliance now owns 2,607 shares of the software maker’s stock worth $643,000 after purchasing an additional 53 shares in the last quarter. Treasurer of the State of North Carolina increased its stake in shares of AppFolio by 0.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 9,960 shares of the software maker’s stock worth $2,457,000 after purchasing an additional 60 shares in the last quarter. Nisa Investment Advisors LLC raised its position in shares of AppFolio by 11.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 616 shares of the software maker’s stock valued at $152,000 after purchasing an additional 65 shares during the period. Finally, Jones Financial Companies Lllp lifted its stake in shares of AppFolio by 60.4% during the 4th quarter. Jones Financial Companies Lllp now owns 247 shares of the software maker’s stock valued at $61,000 after buying an additional 93 shares in the last quarter. 85.19% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CEO William Shane Trigg sold 3,501 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer now owns 83,824 shares in the company, valued at $18,212,440.48. The trade was a 4.01 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Alexander Wolf bought 9,678 shares of the business’s stock in a transaction on Thursday, February 13th. The stock was purchased at an average cost of $214.81 per share, with a total value of $2,078,931.18. Following the purchase, the director now owns 3,226 shares of the company’s stock, valued at $692,977.06. This represents a -150.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 5.24% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on APPF shares. Piper Sandler reissued a “neutral” rating and set a $265.00 target price on shares of AppFolio in a report on Wednesday, April 23rd. Stephens reiterated an “overweight” rating and set a $295.00 price objective on shares of AppFolio in a research note on Friday, January 31st. KeyCorp downgraded AppFolio from an “overweight” rating to a “sector weight” rating and set a $253.00 target price for the company. in a research note on Friday, January 10th. Keefe, Bruyette & Woods decreased their price target on AppFolio from $210.00 to $205.00 and set an “underweight” rating on the stock in a research report on Friday. Finally, William Blair reissued an “outperform” rating on shares of AppFolio in a report on Friday, January 31st. 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 stock. According to MarketBeat, AppFolio has a consensus rating of “Hold” and a consensus target price of $274.43.

AppFolio Trading Down 18.2 %

Shares of APPF opened at $192.02 on Monday. AppFolio, Inc. has a 12-month low of $189.01 and a 12-month high of $274.56. The company has a market cap of $6.99 billion, a PE ratio of 34.60 and a beta of 0.86. The stock has a 50-day moving average price of $218.06 and a 200-day moving average price of $230.97.

AppFolio (NASDAQ:APPF) last announced its earnings results 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%. As a group, analysts predict that AppFolio, Inc. will post 3.96 earnings per share for the current year.

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.