Verdence Capital Advisors LLC Has $366,000 Stock Holdings in AppFolio, Inc. (NASDAQ:APPF)

Verdence Capital Advisors LLC increased its holdings in shares of AppFolio, Inc. (NASDAQ:APPF) by 2.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,114 shares of the software maker’s stock after acquiring an additional 55 shares during the period. Verdence Capital Advisors LLC’s holdings in AppFolio were worth $366,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in APPF. Arcadia Investment Management Corp MI raised its holdings in shares of AppFolio by 70.4% in the 3rd quarter. Arcadia Investment Management Corp MI now owns 138 shares of the software maker’s stock worth $25,000 after buying an additional 57 shares in the last quarter. Meeder Asset Management Inc. bought a new stake in shares of AppFolio in the 4th quarter worth about $85,000. First Foundation Advisors acquired a new stake in shares of AppFolio during the 3rd quarter worth about $209,000. Handelsinvest Investeringsforvaltning bought a new position in AppFolio during the 4th quarter valued at about $240,000. Finally, Pathstone Family Office LLC acquired a new position in AppFolio in the third quarter valued at about $260,000. Institutional investors own 62.34% of the company’s stock.

AppFolio Stock Performance

APPF opened at $214.79 on Tuesday. The company has a fifty day moving average price of $230.45 and a two-hundred day moving average price of $204.35. The firm has a market capitalization of $7.70 billion, a PE ratio of 7,162.05 and a beta of 0.80. AppFolio, Inc. has a 52 week low of $123.36 and a 52 week high of $253.42.

AppFolio (NASDAQ:APPF) last issued its earnings results on Thursday, January 25th. The software maker reported $0.61 EPS for the quarter, beating the consensus estimate of $0.32 by $0.29. The firm had revenue of $171.83 million during the quarter, compared to the consensus estimate of $162.80 million. AppFolio had a net margin of 0.44% and a negative return on equity of 8.58%. Equities analysts forecast that AppFolio, Inc. will post 2.66 EPS for the current year.

Insider Buying and Selling

In other news, Director Timothy K. Bliss sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $227.24, for a total value of $2,272,400.00. Following the completion of the transaction, the director now owns 51,070 shares in the company, valued at $11,605,146.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Timothy K. Bliss sold 10,000 shares of AppFolio stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $227.24, for a total value of $2,272,400.00. Following the sale, the director now owns 51,070 shares of the company’s stock, valued at approximately $11,605,146.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Blottnitz Andreas Von sold 4,500 shares of the company’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $226.56, for a total value of $1,019,520.00. Following the transaction, the director now directly owns 5,449 shares of the company’s stock, valued at approximately $1,234,525.44. The disclosure for this sale can be found here. In the last three months, insiders sold 15,489 shares of company stock valued at $3,531,011. 9.15% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on APPF. Stephens restated an “overweight” rating and set a $241.00 price target on shares of AppFolio in a research report on Friday, January 26th. BTIG Research began coverage on AppFolio in a report on Friday, January 19th. They issued a “buy” rating and a $215.00 price target for the company. KeyCorp upped their price target on shares of AppFolio from $254.00 to $264.00 and gave the stock an “overweight” rating in a research report on Monday, March 18th. Finally, JPMorgan Chase & Co. raised their price objective on shares of AppFolio from $228.00 to $237.00 and gave the company an “overweight” rating in a research report on Friday, January 26th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $239.40.

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.