Teacher Retirement System of Texas Purchases 10,230 Shares of AppFolio, Inc. (NASDAQ:APPF)

Teacher Retirement System of Texas boosted its holdings in shares of AppFolio, Inc. (NASDAQ:APPF) by 99.1% during the 4th quarter, Holdings Channel reports. The fund owned 20,553 shares of the software maker’s stock after buying an additional 10,230 shares during the period. Teacher Retirement System of Texas’ holdings in AppFolio were worth $5,071,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in APPF. UMB Bank n.a. boosted its stake in shares of AppFolio by 193.0% during the fourth quarter. UMB Bank n.a. now owns 167 shares of the software maker’s stock valued at $41,000 after purchasing an additional 110 shares in the last quarter. Arcadia Investment Management Corp MI purchased a new stake in AppFolio during the fourth quarter worth $50,000. EverSource Wealth Advisors LLC boosted its position in AppFolio by 1,485.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 222 shares of the software maker’s stock valued at $55,000 after acquiring an additional 208 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in shares of AppFolio by 60.4% in the 4th quarter. Jones Financial Companies Lllp now owns 247 shares of the software maker’s stock valued at $61,000 after acquiring an additional 93 shares during the period. Finally, Blue Trust Inc. increased its holdings in shares of AppFolio by 126.5% in the 4th quarter. Blue Trust Inc. now owns 265 shares of the software maker’s stock valued at $62,000 after acquiring an additional 148 shares during the period. Hedge funds and other institutional investors own 85.19% of the company’s stock.

AppFolio Trading Down 0.1 %

NASDAQ APPF opened at $215.37 on Monday. AppFolio, Inc. has a 12-month low of $189.01 and a 12-month high of $274.56. The company has a fifty day simple moving average of $227.84 and a two-hundred day simple moving average of $232.51. The stock has a market cap of $7.84 billion, a P/E ratio of 38.81 and a beta of 0.89.

AppFolio (NASDAQ:APPF) last issued its earnings results on Thursday, January 30th. The software maker reported $0.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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, sell-side analysts forecast that AppFolio, Inc. will post 3.96 earnings per share for the current year.

Analyst Upgrades and Downgrades

APPF has been the subject of a number of analyst reports. KeyCorp cut 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. Piper Sandler restated a “neutral” rating and issued a $265.00 price target on shares of AppFolio in a report on Friday, January 31st. Stephens reiterated an “overweight” rating and set a $295.00 price objective on shares of AppFolio in a research note on Friday, January 31st. Finally, William Blair restated an “outperform” rating on shares of AppFolio in a research note on Friday, January 31st. One equities research 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.com, the stock presently has an average rating of “Hold” and a consensus price target of $276.29.

Insider Buying and Selling

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

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.