Entropy Technologies LP Buys 4,200 Shares of AppFolio, Inc. (NASDAQ:APPF)

Entropy Technologies LP boosted its stake in AppFolio, Inc. (NASDAQ:APPF) by 257.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,830 shares of the software maker’s stock after purchasing an additional 4,200 shares during the quarter. Entropy Technologies LP’s holdings in AppFolio were worth $1,438,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in APPF. Retirement Systems of Alabama raised its holdings in AppFolio by 0.4% in the fourth quarter. Retirement Systems of Alabama now owns 28,064 shares of the software maker’s stock worth $6,924,000 after purchasing an additional 114 shares during the period. Deepwater Asset Management LLC bought a new stake in shares of AppFolio in the 4th quarter valued at $15,483,000. SYM FINANCIAL Corp acquired a new stake in AppFolio during the 4th quarter worth $292,000. Chicago Partners Investment Group LLC bought a new position in AppFolio during the fourth quarter worth about $257,000. Finally, KBC Group NV grew its stake in AppFolio by 65.5% in the fourth quarter. KBC Group NV now owns 1,023 shares of the software maker’s stock valued at $252,000 after acquiring an additional 405 shares during the period. Institutional investors and hedge funds own 85.19% of the company’s stock.

Insider Transactions at AppFolio

In related news, Director Scanlan Agnes Bundy sold 500 shares of the firm’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $255.42, for a total value of $127,710.00. Following the completion of the sale, the director now directly owns 5,416 shares in the company, valued at approximately $1,383,354.72. This trade represents a 8.45 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO William Shane Trigg sold 3,500 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $229.85, for a total value of $804,475.00. Following the transaction, the chief executive officer now directly owns 74,327 shares in the company, valued at approximately $17,084,060.95. This trade represents a 4.50 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 23,680 shares of company stock worth $5,746,741 in the last 90 days. Corporate insiders own 5.24% of the company’s stock.

AppFolio Trading Up 0.0 %

Shares of APPF stock opened at $223.08 on Tuesday. The firm’s fifty day moving average price is $250.77 and its two-hundred day moving average price is $233.93. AppFolio, Inc. has a 1 year low of $189.01 and a 1 year high of $274.56. The firm has a market capitalization of $8.11 billion, a P/E ratio of 40.19 and a beta of 0.88.

AppFolio (NASDAQ:APPF) last released 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 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.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on APPF shares. Stephens reaffirmed an “overweight” rating and set a $295.00 price target on shares of AppFolio in a research report on Friday, January 31st. Keefe, Bruyette & Woods downgraded shares of AppFolio from a “market perform” rating to an “underperform” rating and dropped their target price for the stock from $255.00 to $193.00 in a report on Tuesday, October 15th. KeyCorp cut shares of AppFolio from an “overweight” rating to a “sector weight” rating and set a $253.00 price target for the company. in a report on Friday, January 10th. William Blair restated an “outperform” rating on shares of AppFolio in a report on Friday, January 31st. Finally, Piper Sandler reaffirmed a “neutral” rating and issued a $265.00 target price on shares of AppFolio in a research note on Friday, January 31st. One 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’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $276.29.

About AppFolio

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.