Allspring Global Investments Holdings LLC cut its holdings in shares of AppFolio, Inc. (NASDAQ:APPF - Free Report) by 44.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 13,583 shares of the software maker's stock after selling 11,053 shares during the period. Allspring Global Investments Holdings LLC's holdings in AppFolio were worth $3,370,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in APPF. Blue Trust Inc. boosted its holdings in AppFolio by 85.7% in the third quarter. Blue Trust Inc. now owns 117 shares of the software maker's stock valued at $29,000 after acquiring an additional 54 shares in the last quarter. UMB Bank n.a. lifted its position in shares of AppFolio by 193.0% in the 4th quarter. UMB Bank n.a. now owns 167 shares of the software maker's stock worth $41,000 after purchasing an additional 110 shares during the period. True Wealth Design LLC bought a new stake in shares of AppFolio during the 3rd quarter valued at about $79,000. Advisors Asset Management Inc. increased its position in shares of AppFolio by 56.6% during the third quarter. Advisors Asset Management Inc. now owns 390 shares of the software maker's stock valued at $92,000 after buying an additional 141 shares during the period. Finally, Salem Investment Counselors Inc. bought a new position in AppFolio in the fourth quarter worth about $123,000. Institutional investors own 85.19% of the company's stock.
NASDAQ:APPF traded down $4.43 during trading hours on Friday, reaching $211.66. 290,877 shares of the company traded hands, compared to its average volume of 291,174. The business's 50-day moving average price is $243.31 and its two-hundred day moving average price is $233.45. AppFolio, Inc. has a 1 year low of $189.01 and a 1 year high of $274.56. The stock has a market capitalization of $7.70 billion, a P/E ratio of 38.14 and a beta of 0.88.
AppFolio (NASDAQ:APPF - Get Free Report) last posted its quarterly 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 analysts anticipate that AppFolio, Inc. will post 3.96 EPS for the current year.
In other AppFolio news, major shareholder Maurice J. Duca sold 2,577 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $250.75, for a total transaction of $646,182.75. Following the sale, the insider now directly owns 2,875 shares in the company, valued at approximately $720,906.25. This trade represents a 47.27 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Alexander Wolf purchased 9,678 shares of the firm's stock in a transaction dated Thursday, February 13th. The stock was acquired at an average price of $214.81 per share, with a total value of $2,078,931.18. Following the purchase, 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 ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 12,321 shares of company stock valued at $3,034,077. Insiders own 5.24% of the company's stock.
Several analysts have weighed in on the company. Stephens reaffirmed an "overweight" rating and set a $295.00 price objective on shares of AppFolio in a research report on Friday, January 31st. Piper Sandler restated a "neutral" rating and set a $265.00 price target on shares of AppFolio in a research report on Friday, January 31st. KeyCorp downgraded AppFolio from an "overweight" rating to a "sector weight" rating and set a $253.00 price objective for the company. in a report on Friday, January 10th. Finally, William Blair restated an "outperform" rating on shares of AppFolio in a report on Friday, January 31st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $276.29.
Get Our Latest Report on 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.
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