AppFolio, Inc. (NASDAQ:APPF) Shares Sold by Jupiter Asset Management Ltd.

Jupiter Asset Management Ltd. lowered its stake in shares of AppFolio, Inc. (NASDAQ:APPF) by 22.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 59,100 shares of the software maker’s stock after selling 16,809 shares during the quarter. Jupiter Asset Management Ltd. owned about 0.16% of AppFolio worth $14,581,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. State Street Corp increased its holdings in shares of AppFolio by 8.2% during the third quarter. State Street Corp now owns 653,136 shares of the software maker’s stock valued at $153,748,000 after acquiring an additional 49,238 shares in the last quarter. Lord Abbett & CO. LLC increased its holdings in shares of AppFolio by 82.2% during the third quarter. Lord Abbett & CO. LLC now owns 459,285 shares of the software maker’s stock valued at $108,116,000 after acquiring an additional 207,204 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of AppFolio by 8.6% during the third quarter. Geode Capital Management LLC now owns 413,032 shares of the software maker’s stock valued at $97,252,000 after acquiring an additional 32,743 shares in the last quarter. DF Dent & Co. Inc. increased its holdings in shares of AppFolio by 10.1% during the third quarter. DF Dent & Co. Inc. now owns 351,691 shares of the software maker’s stock valued at $82,788,000 after acquiring an additional 32,181 shares in the last quarter. Finally, Franklin Resources Inc. increased its holdings in shares of AppFolio by 31.2% during the third quarter. Franklin Resources Inc. now owns 228,655 shares of the software maker’s stock valued at $51,800,000 after acquiring an additional 54,386 shares in the last quarter. Institutional investors and hedge funds own 85.19% of the company’s stock.

Insider Activity

In other AppFolio news, Director Alexander Wolf bought 9,678 shares of the firm’s stock in a transaction dated Thursday, February 13th. The shares were purchased at an average price of $214.81 per share, for a total transaction of $2,078,931.18. Following the transaction, the director now directly owns 3,226 shares of the company’s stock, valued at approximately $692,977.06. This represents a -150.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO William Shane Trigg sold 3,501 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $217.27, for a total value of $760,662.27. Following the transaction, the chief executive officer now owns 83,824 shares in the company, valued at $18,212,440.48. This trade represents a 4.01 % decrease in their position. The disclosure for this sale can be found here. Insiders own 5.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on APPF shares. William Blair restated an “outperform” rating on shares of AppFolio in a report on Friday, January 31st. Stephens reiterated an “overweight” rating and issued a $295.00 price target on shares of AppFolio in a report on Friday, January 31st. Piper Sandler reiterated a “neutral” rating and issued a $265.00 price target on shares of AppFolio in a report on Friday, January 31st. Finally, KeyCorp downgraded shares of AppFolio from an “overweight” rating to a “sector weight” rating and set a $253.00 price target on the stock. in a report on Friday, January 10th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, AppFolio has an average rating of “Hold” and a consensus target price of $276.29.

AppFolio Price Performance

Shares of NASDAQ APPF opened at $210.25 on Thursday. The stock has a market capitalization of $7.65 billion, a price-to-earnings ratio of 37.88 and a beta of 0.89. AppFolio, Inc. has a 12 month low of $189.01 and a 12 month high of $274.56. The firm’s 50 day simple moving average is $232.88 and its 200-day simple moving average is $233.32.

AppFolio (NASDAQ:APPF) last issued its quarterly earnings data on Thursday, January 30th. The software maker reported $0.58 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%. Analysts anticipate that AppFolio, Inc. will post 3.96 earnings per share for the current fiscal 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.