5,640 Shares in AppFolio, Inc. (NASDAQ:APPF) Acquired by Bryce Point Capital LLC

Bryce Point Capital LLC purchased a new stake in AppFolio, Inc. (NASDAQ:APPF) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 5,640 shares of the software maker’s stock, valued at approximately $1,392,000.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. grew its stake in AppFolio by 3.8% during the 4th quarter. Vanguard Group Inc. now owns 2,495,527 shares of the software maker’s stock worth $615,696,000 after purchasing an additional 91,174 shares in the last quarter. State Street Corp lifted its position in shares of AppFolio by 8.2% during the 3rd quarter. State Street Corp now owns 653,136 shares of the software maker’s stock worth $153,748,000 after buying an additional 49,238 shares during the last quarter. Lord Abbett & CO. LLC boosted its holdings in shares of AppFolio by 82.2% in the 3rd quarter. Lord Abbett & CO. LLC now owns 459,285 shares of the software maker’s stock valued at $108,116,000 after buying an additional 207,204 shares in the last quarter. Geode Capital Management LLC grew its position in shares of AppFolio by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 416,508 shares of the software maker’s stock valued at $102,791,000 after buying an additional 3,476 shares during the last quarter. Finally, DF Dent & Co. Inc. raised its stake in AppFolio by 10.1% during the 3rd quarter. DF Dent & Co. Inc. now owns 351,691 shares of the software maker’s stock worth $82,788,000 after acquiring an additional 32,181 shares in the last quarter. Institutional investors and hedge funds own 85.19% of the company’s stock.

AppFolio Stock Up 1.2 %

Shares of AppFolio stock opened at $222.43 on Wednesday. The firm has a market cap of $8.10 billion, a price-to-earnings ratio of 40.08 and a beta of 0.89. AppFolio, Inc. has a 52-week low of $189.01 and a 52-week high of $274.56. The company’s 50-day simple moving average is $223.98 and its 200-day simple moving average is $232.49.

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%. Equities research analysts anticipate that AppFolio, Inc. will post 3.96 EPS for the current year.

Insider Buying and Selling at AppFolio

In related news, CEO William Shane Trigg sold 3,501 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $217.27, for a total transaction of $760,662.27. Following the transaction, the chief executive officer now directly owns 83,824 shares in the company, valued at approximately $18,212,440.48. This represents a 4.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Matthew S. Mazza sold 838 shares of AppFolio stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $255.30, for a total value of $213,941.40. Following the completion of the sale, the insider now owns 22,701 shares of the company’s stock, valued at $5,795,565.30. This trade represents a 3.56 % decrease in their position. The disclosure for this sale can be found here. 5.24% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms have issued reports on APPF. Stephens restated an “overweight” rating and issued a $295.00 price objective on shares of AppFolio in a research note on Friday, January 31st. William Blair reissued an “outperform” rating on shares of AppFolio in a research report on Friday, January 31st. KeyCorp lowered AppFolio from an “overweight” rating to a “sector weight” rating and set a $253.00 price target on the stock. in a research report on Friday, January 10th. Finally, Piper Sandler reiterated a “neutral” rating and issued a $265.00 price objective 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 issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, AppFolio currently has a consensus rating of “Hold” and an average target price of $276.29.

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.