DGS Capital Management LLC Trims Stock Position in AppFolio, Inc. (NASDAQ:APPF)

DGS Capital Management LLC cut its position in AppFolio, Inc. (NASDAQ:APPF) by 24.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 3,972 shares of the software maker’s stock after selling 1,274 shares during the quarter. DGS Capital Management LLC’s holdings in AppFolio were worth $980,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of APPF. Exchange Traded Concepts LLC increased its holdings 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 worth $158,000 after purchasing an additional 40 shares during the period. SG Americas Securities LLC increased its stake in AppFolio by 385.7% in the 4th quarter. SG Americas Securities LLC now owns 7,145 shares of the software maker’s stock worth $1,763,000 after acquiring an additional 5,674 shares during the last quarter. Dakota Wealth Management purchased a new position in shares of AppFolio during the fourth quarter worth about $339,000. Nisa Investment Advisors LLC increased its position in shares of AppFolio by 11.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 616 shares of the software maker’s stock worth $152,000 after purchasing an additional 65 shares during the last quarter. Finally, UMB Bank n.a. raised its stake in AppFolio by 193.0% in the fourth quarter. UMB Bank n.a. now owns 167 shares of the software maker’s stock valued at $41,000 after purchasing an additional 110 shares in the last quarter. 85.19% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Piper Sandler lowered shares of AppFolio from an “overweight” rating to a “neutral” rating and set a $265.00 price target on the stock. in a report on Monday, January 6th. KeyCorp downgraded 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, Keefe, Bruyette & Woods cut AppFolio from a “market perform” rating to an “underperform” rating and cut their price objective for the stock from $255.00 to $193.00 in a report on Tuesday, October 15th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $268.57.

Insider Transactions at AppFolio

In other news, major shareholder Maurice J. Duca sold 2,510 shares of the stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $229.21, for a total transaction of $575,317.10. Following the completion of the sale, the insider now directly owns 2,459 shares in the company, valued at approximately $563,627.39. This represents a 50.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Matthew S. Mazza sold 926 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $229.04, for a total value of $212,091.04. Following the transaction, the insider now owns 33,819 shares in the company, valued at approximately $7,745,903.76. This represents a 2.67 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 23,768 shares of company stock worth $5,744,891. Insiders own 5.24% of the company’s stock.

AppFolio Trading Down 4.1 %

Shares of NASDAQ:APPF opened at $250.03 on Friday. The stock has a market capitalization of $9.08 billion, a P/E ratio of 69.65 and a beta of 0.87. The stock’s 50-day moving average price is $252.13 and its 200-day moving average price is $235.95. AppFolio, Inc. has a 12-month low of $172.98 and a 12-month high of $274.56.

AppFolio (NASDAQ:APPF) last posted its quarterly earnings results on Thursday, October 24th. The software maker reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.26. AppFolio had a return on equity of 30.64% and a net margin of 17.26%. The business had revenue of $206.00 million for the quarter, compared to analyst estimates of $199.11 million. During the same period last year, the company earned $0.26 EPS. AppFolio’s revenue for the quarter was up 24.5% compared to the same quarter last year. As a group, research analysts predict that AppFolio, Inc. will post 3.2 EPS for the current year.

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.