Linden Thomas Advisory Services LLC Has $319,000 Stock Position in AppFolio, Inc. (NASDAQ:APPF)

Linden Thomas Advisory Services LLC grew its holdings in shares of AppFolio, Inc. (NASDAQ:APPF) by 21.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,293 shares of the software maker’s stock after buying an additional 228 shares during the quarter. Linden Thomas Advisory Services LLC’s holdings in AppFolio were worth $319,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in APPF. Lord Abbett & CO. LLC grew its holdings in shares of AppFolio by 82.2% during the third 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 during the last quarter. FMR LLC lifted its position in shares of AppFolio by 998.0% during the third quarter. FMR LLC now owns 60,894 shares of the software maker’s stock valued at $14,334,000 after purchasing an additional 55,348 shares in the last quarter. Franklin Resources Inc. lifted its position in shares of AppFolio by 31.2% during the third quarter. Franklin Resources Inc. now owns 228,655 shares of the software maker’s stock valued at $51,800,000 after purchasing an additional 54,386 shares in the last quarter. State Street Corp lifted its position in shares of AppFolio by 8.2% during the third quarter. State Street Corp now owns 653,136 shares of the software maker’s stock valued at $153,748,000 after purchasing an additional 49,238 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC bought a new position in shares of AppFolio during the second quarter valued at about $9,807,000. 85.19% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at AppFolio

In other news, Director Scanlan Agnes Bundy sold 500 shares of the firm’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $255.42, for a total value of $127,710.00. Following the completion of the transaction, the director now directly owns 5,416 shares of the company’s stock, valued at $1,383,354.72. This trade represents a 8.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO William Shane Trigg sold 3,500 shares of the firm’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $229.85, for a total value of $804,475.00. Following the completion of the transaction, the chief executive officer now directly owns 74,327 shares of the company’s stock, valued at $17,084,060.95. The trade was a 4.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 23,768 shares of company stock valued at $5,744,891. Company insiders own 5.24% of the company’s stock.

AppFolio Trading Down 4.1 %

Shares of NASDAQ APPF opened at $250.03 on Monday. The stock has a fifty day simple moving average of $252.13 and a two-hundred day simple moving average of $235.78. AppFolio, Inc. has a 1-year low of $172.98 and a 1-year high of $274.56. The firm has a market cap of $9.08 billion, a price-to-earnings ratio of 69.65 and a beta of 0.87.

AppFolio (NASDAQ:APPF) last announced its quarterly earnings data on Thursday, October 24th. The software maker reported $1.29 earnings per share for the quarter, beating 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 during the quarter, compared to analyst estimates of $199.11 million. During the same period in the prior year, the company earned $0.26 earnings per share. AppFolio’s revenue was up 24.5% compared to the same quarter last year. Analysts forecast that AppFolio, Inc. will post 3.2 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on APPF shares. KeyCorp lowered shares of 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. 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 research report on Monday, January 6th. Finally, Keefe, Bruyette & Woods lowered shares of AppFolio from a “market perform” rating to an “underperform” rating and dropped their price target for the company from $255.00 to $193.00 in a research 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 issued a buy rating to the stock. According to MarketBeat, AppFolio presently has a consensus rating of “Hold” and a consensus price target of $268.57.

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.