Olympiad Research LP Sells 346 Shares of AppFolio, Inc. (NASDAQ:APPF)

Olympiad Research LP trimmed its holdings in shares of AppFolio, Inc. (NASDAQ:APPF) by 17.0% in the fourth quarter, Holdings Channel.com reports. The fund owned 1,684 shares of the software maker’s stock after selling 346 shares during the quarter. Olympiad Research LP’s holdings in AppFolio were worth $415,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in APPF. Tidal Investments LLC increased its position in shares of AppFolio by 2.9% during the 3rd quarter. Tidal Investments LLC now owns 1,425 shares of the software maker’s stock worth $335,000 after purchasing an additional 40 shares in the last quarter. Exchange Traded Concepts LLC increased its position in shares of AppFolio by 6.6% during the 4th quarter. Exchange Traded Concepts LLC now owns 642 shares of the software maker’s stock worth $158,000 after purchasing an additional 40 shares in the last quarter. Blue Trust Inc. increased its position in shares of AppFolio by 85.7% during the 3rd quarter. Blue Trust Inc. now owns 117 shares of the software maker’s stock worth $29,000 after purchasing an additional 54 shares in the last quarter. Nisa Investment Advisors LLC increased its position in shares of AppFolio by 11.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 616 shares of the software maker’s stock worth $152,000 after purchasing an additional 65 shares in the last quarter. Finally, Northwest & Ethical Investments L.P. increased its position in shares of AppFolio by 16.0% during the 3rd quarter. Northwest & Ethical Investments L.P. now owns 725 shares of the software maker’s stock worth $171,000 after purchasing an additional 100 shares in the last quarter. 85.19% of the stock is owned by institutional investors.

Insider Transactions at AppFolio

In other news, major shareholder Maurice J. Duca sold 2,577 shares of AppFolio stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $250.75, for a total transaction of $646,182.75. Following the completion of the sale, the insider now owns 2,875 shares in the company, valued at $720,906.25. The trade was a 47.27 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Alexander Wolf purchased 9,678 shares of the stock in a transaction dated Thursday, February 13th. The shares were acquired at an average price of $214.81 per share, with a total value of $2,078,931.18. Following the transaction, the director now owns 3,226 shares in the company, valued at $692,977.06. This trade represents a -150.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold a total of 12,321 shares of company stock worth $3,034,077 in the last quarter. 5.24% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Stephens reiterated an “overweight” rating and set a $295.00 target price on shares of AppFolio in a research report on Friday, January 31st. KeyCorp cut shares of AppFolio from an “overweight” rating to a “sector weight” rating and set a $253.00 target price for the company. in a research report on Friday, January 10th. Piper Sandler reiterated a “neutral” rating and set a $265.00 target price on shares of AppFolio in a research report on Friday, January 31st. Finally, William Blair restated an “outperform” rating on shares of AppFolio in a research report on Friday, January 31st. One analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $276.29.

AppFolio Trading Down 2.1 %

APPF opened at $211.66 on Friday. The stock has a market capitalization of $7.70 billion, a PE ratio of 38.14 and a beta of 0.88. AppFolio, Inc. has a 1-year low of $189.01 and a 1-year high of $274.56. The firm has a 50-day moving average price of $242.36 and a two-hundred day moving average price of $233.68.

AppFolio (NASDAQ:APPF) last issued its quarterly earnings results on Thursday, January 30th. The software maker reported $0.58 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%. On average, research analysts predict that AppFolio, Inc. will post 3.96 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.