1 week Ago By ABMN Staff
Barclays PLC increased its stake in shares of AppFolio, Inc. ( NASDAQ:APPF – Free Report ) by 82.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC).
The fund owned 18,084 shares of the software maker’s stock after buying an additional 8,196 shares during the quarter. Barclays PLC’s holdings in AppFolio were worth $4,463,000 at the end of the most recent quarter. Several other large investors have also recently added to or reduced their stakes in APPF.
Fortis Capital Advisors LLC bought a new position in shares of AppFolio during the fourth quarter worth about $597,000. Covestor Ltd increased its stake in shares of AppFolio by 39.9% in the fourth quarter.
Covestor Ltd now owns 1,118 shares of the software maker’s stock valued at $276,000 after purchasing an additional 319 shares during the period. 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 valued at $2,457,000 after purchasing an additional 60 shares during the period. Neuberger Berman Group LLC bought a new stake in shares of AppFolio during the fourth quarter valued at approximately $278,000. Finally, Raymond James Financial Inc.
acquired a new position in shares of AppFolio during the fourth quarter worth approximately $30,195,000. 85.19% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth Several analysts have weighed in on APPF shares. William Blair reaffirmed an “outperform” rating on shares of AppFolio in a research note on Friday, January 31st. Keefe, Bruyette & Woods reduced their price objective on shares of AppFolio from $210.
00 to $205.00 and set an “underweight” rating for the company in a report on Friday. DA Davidson decreased their target price on shares of AppFolio from $300.
00 to $275.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Stephens reaffirmed an “overweight” rating and issued a $295.
00 price target on shares of AppFolio in a research note on Friday, January 31st. Finally, 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 report on Friday, January 10th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.
com, the company currently has an average rating of “Hold” and an average price target of $274.43. Insider Activity In other news, CEO William Shane Trigg sold 3,501 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th.
The shares were sold at an average price of $217.27, for a total transaction of $760,662.27.
Following 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website . Also, Director Alexander Wolf purchased 9,678 shares of AppFolio stock in a transaction that occurred on Thursday, February 13th.
The stock was purchased at an average price of $214.81 per share, with a total value of $2,078,931.18.
Following the transaction, the director now 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. AppFolio Price Performance Shares of APPF opened at $192.02 on Monday.
The firm’s 50 day moving average is $218.06 and its 200-day moving average is $230.97.
AppFolio, Inc. has a 12-month low of $189.01 and a 12-month high of $274.
56. The stock has a market capitalization of $6.99 billion, a P/E ratio of 34.
60 and a beta of 0.86. AppFolio ( NASDAQ:APPF – Get Free Report ) last posted its quarterly 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 return on equity of 26.21% and a net margin of 25.
69%. As a group, equities research analysts forecast that AppFolio, Inc. will post 3.
96 EPS for the current fiscal year. About AppFolio ( Free Report ) 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.
See Also Want to see what other hedge funds are holding APPF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AppFolio, Inc. ( NASDAQ:APPF – Free Report ).
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