AppFolio, Inc. (NASDAQ:APPF) Stake Lessened by Lecap Asset Management Ltd.

Lecap Asset Management Ltd. decreased its position in shares of AppFolio, Inc. (NASDAQ:APPF) by 3.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,119 shares of the software maker’s stock after selling 140 shares during the period. Lecap Asset Management Ltd.’s holdings in AppFolio were worth $1,016,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in APPF. Creative Planning lifted its stake in AppFolio by 68.0% during the second quarter. Creative Planning now owns 2,142 shares of the software maker’s stock valued at $524,000 after purchasing an additional 867 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of AppFolio by 688.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 213 shares of the software maker’s stock valued at $52,000 after buying an additional 186 shares in the last quarter. Truist Financial Corp lifted its position in shares of AppFolio by 12.8% during the 2nd quarter. Truist Financial Corp now owns 2,467 shares of the software maker’s stock valued at $603,000 after acquiring an additional 280 shares during the last quarter. Handelsbanken Fonder AB boosted its stake in shares of AppFolio by 22.2% during the 3rd quarter. Handelsbanken Fonder AB now owns 4,400 shares of the software maker’s stock worth $1,036,000 after acquiring an additional 800 shares in the last quarter. Finally, CWM LLC grew its holdings in shares of AppFolio by 5,985.2% in the 3rd quarter. CWM LLC now owns 9,067 shares of the software maker’s stock worth $2,134,000 after acquiring an additional 8,918 shares during the last quarter. 85.19% of the stock is currently owned by institutional investors and hedge funds.

AppFolio Stock Down 1.6 %

Shares of NASDAQ:APPF opened at $222.98 on Friday. AppFolio, Inc. has a 12-month low of $189.01 and a 12-month high of $274.56. The firm has a market capitalization of $8.10 billion, a P/E ratio of 40.18 and a beta of 0.88. The firm has a fifty day moving average of $251.43 and a two-hundred day moving average of $234.59.

AppFolio (NASDAQ:APPF) last released its quarterly earnings data on Thursday, January 30th. The software maker reported $0.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.34). AppFolio had a net margin of 25.69% and a return on equity of 26.21%. Equities research analysts expect that AppFolio, Inc. will post 4.21 earnings per share for the current fiscal year.

Insider Activity at AppFolio

In other AppFolio news, insider Matthew S. Mazza sold 5,090 shares of AppFolio stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $236.24, for a total value of $1,202,461.60. Following the completion of the sale, the insider now directly owns 28,266 shares in the company, valued at $6,677,559.84. The trade was a 15.26 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 transaction of $804,475.00. Following the completion of the sale, the chief executive officer now directly owns 74,327 shares of the company’s stock, valued at $17,084,060.95. This represents a 4.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 24,606 shares of company stock valued at $5,958,832. 5.24% of the stock is owned by corporate insiders.

Analyst Ratings Changes

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

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.