AppFolio, Inc. (NASDAQ:APPF) Shares Sold by EFG Asset Management North America Corp.

EFG Asset Management North America Corp. decreased its position in AppFolio, Inc. (NASDAQ:APPF) by 2.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,816 shares of the software maker’s stock after selling 233 shares during the quarter. EFG Asset Management North America Corp.’s holdings in AppFolio were worth $2,669,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of APPF. UMB Bank n.a. raised its position in AppFolio by 193.0% in the fourth quarter. UMB Bank n.a. now owns 167 shares of the software maker’s stock worth $41,000 after acquiring an additional 110 shares in the last quarter. Arcadia Investment Management Corp MI bought a new position in shares of AppFolio during the 4th quarter valued at about $50,000. EverSource Wealth Advisors LLC grew its stake in shares of AppFolio by 1,485.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 222 shares of the software maker’s stock worth $55,000 after purchasing an additional 208 shares during the last quarter. Jones Financial Companies Lllp raised 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 worth $61,000 after purchasing an additional 93 shares in the last quarter. Finally, Blue Trust Inc. lifted its stake in AppFolio by 126.5% during the fourth quarter. Blue Trust Inc. now owns 265 shares of the software maker’s stock valued at $62,000 after purchasing an additional 148 shares during the last quarter. Institutional investors own 85.19% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. William Blair restated an “outperform” rating on shares of AppFolio in a research report on Friday, January 31st. KeyCorp cut AppFolio from an “overweight” rating to a “sector weight” rating and set a $253.00 target price on the stock. in a report on Friday, January 10th. Stephens reaffirmed an “overweight” rating and set a $295.00 target price on shares of AppFolio in a report on Friday, January 31st. Finally, Piper Sandler reissued a “neutral” rating and issued a $265.00 price target 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 company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $276.29.

AppFolio Stock Up 4.4 %

APPF opened at $230.33 on Wednesday. The firm has a market capitalization of $8.39 billion, a P/E ratio of 41.50 and a beta of 0.89. The stock has a fifty day moving average of $227.07 and a 200-day moving average of $232.51. AppFolio, Inc. has a 12-month low of $189.01 and a 12-month high of $274.56.

AppFolio (NASDAQ:APPF) last announced its quarterly earnings data 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%. On average, analysts expect that AppFolio, Inc. will post 3.96 earnings per share for the current fiscal year.

Insider Buying and Selling

In other AppFolio news, 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 completion of the sale, the chief executive officer now owns 83,824 shares in the company, valued at $18,212,440.48. This represents a 4.01 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Matthew S. Mazza sold 838 shares of the business’s stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $255.30, for a total transaction of $213,941.40. Following the transaction, the insider now owns 22,701 shares in the company, valued at approximately $5,795,565.30. This represents a 3.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.24% of the stock is currently owned by corporate insiders.

AppFolio 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.