Jackson Creek Investment Advisors LLC Has $1.40 Million Stock Position in AppFolio, Inc. (NASDAQ:APPF)

Jackson Creek Investment Advisors LLC lowered its holdings in shares of AppFolio, Inc. (NASDAQ:APPF) by 2.9% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 5,689 shares of the software maker’s stock after selling 172 shares during the period. Jackson Creek Investment Advisors LLC’s holdings in AppFolio were worth $1,404,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Tidal Investments LLC raised its position in AppFolio by 2.9% during the 3rd quarter. Tidal Investments LLC now owns 1,425 shares of the software maker’s stock worth $335,000 after purchasing an additional 40 shares during the last quarter. Exchange Traded Concepts LLC increased its stake in shares of AppFolio by 6.6% in the fourth quarter. Exchange Traded Concepts LLC now owns 642 shares of the software maker’s stock valued at $158,000 after buying an additional 40 shares during the period. Nisa Investment Advisors LLC raised its position in shares of AppFolio by 11.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 616 shares of the software maker’s stock worth $152,000 after acquiring an additional 65 shares during the last quarter. Jones Financial Companies Lllp lifted its stake in shares of AppFolio by 60.4% in the fourth quarter. Jones Financial Companies Lllp now owns 247 shares of the software maker’s stock worth $61,000 after acquiring an additional 93 shares during the period. Finally, Northwest & Ethical Investments L.P. boosted its holdings in AppFolio by 16.0% in the third quarter. Northwest & Ethical Investments L.P. now owns 725 shares of the software maker’s stock valued at $171,000 after acquiring an additional 100 shares during the last quarter. Institutional investors and hedge funds own 85.19% of the company’s stock.

Insider Transactions at AppFolio

In other AppFolio news, Director Alexander Wolf bought 9,678 shares of the stock in a transaction that occurred on Thursday, February 13th. The shares were bought at an average price of $214.81 per share, for a total transaction of $2,078,931.18. Following the acquisition, the director now directly owns 3,226 shares of the company’s stock, valued at approximately $692,977.06. The trade was a -150.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO William Shane Trigg sold 3,501 shares of AppFolio stock in a transaction dated 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 of the company’s stock, 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 have sold 5,039 shares of company stock valued at $1,153,454 over the last ninety days. 5.24% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on APPF shares. William Blair restated an “outperform” rating on shares of AppFolio in a research report on Friday, January 31st. Stephens reissued an “overweight” rating and set a $295.00 target price on shares of AppFolio in a research note on Friday, January 31st. KeyCorp downgraded 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. Finally, Piper Sandler reissued a “neutral” rating and issued a $265.00 price objective on shares of AppFolio in a research note on Friday, January 31st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $276.29.

AppFolio Trading Up 0.4 %

Shares of NASDAQ APPF opened at $220.89 on Friday. The firm has a market capitalization of $8.04 billion, a P/E ratio of 39.80 and a beta of 0.88. The firm’s 50-day moving average price is $235.47 and its 200-day moving average price is $233.54. AppFolio, Inc. has a 1-year low of $189.01 and a 1-year high of $274.56.

AppFolio (NASDAQ:APPF) last posted its quarterly earnings results on Thursday, January 30th. The software maker reported $0.58 earnings per share 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%. Equities research analysts forecast that AppFolio, Inc. will post 3.96 EPS for the current year.

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.