Natixis Advisors LLC Has $6.07 Million Stock Holdings in AppFolio, Inc. (NASDAQ:APPF)

Natixis Advisors LLC lifted its position in shares of AppFolio, Inc. (NASDAQ:APPF) by 11.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 24,598 shares of the software maker’s stock after purchasing an additional 2,504 shares during the period. Natixis Advisors LLC owned 0.07% of AppFolio worth $6,069,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Tidal Investments LLC increased its stake 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 during the last quarter. Exchange Traded Concepts LLC grew its stake in AppFolio by 6.6% in the 4th quarter. Exchange Traded Concepts LLC now owns 642 shares of the software maker’s stock valued at $158,000 after buying an additional 40 shares during the last quarter. Independent Advisor Alliance grew its stake in AppFolio by 2.1% in the 4th quarter. Independent Advisor Alliance now owns 2,607 shares of the software maker’s stock valued at $643,000 after buying an additional 53 shares during the last quarter. Nisa Investment Advisors LLC grew its stake in AppFolio by 11.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 616 shares of the software maker’s stock valued at $152,000 after buying an additional 65 shares during the last quarter. Finally, Jones Financial Companies Lllp grew its stake in AppFolio by 60.4% in the 4th quarter. Jones Financial Companies Lllp now owns 247 shares of the software maker’s stock valued at $61,000 after buying an additional 93 shares during the last quarter. 85.19% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently commented on APPF shares. Stephens reiterated an “overweight” rating and issued a $295.00 price target on shares of AppFolio in a research note on Friday, January 31st. Piper Sandler reiterated a “neutral” rating and issued a $265.00 price target on shares of AppFolio in a research note on Friday, January 31st. 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 note on Friday, January 10th. Finally, William Blair reissued 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 given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $276.29.

AppFolio Stock Down 0.1 %

NASDAQ APPF opened at $215.37 on Friday. The company has a market capitalization of $7.84 billion, a P/E ratio of 38.81 and a beta of 0.89. AppFolio, Inc. has a 12-month low of $189.01 and a 12-month high of $274.56. The firm has a 50-day moving average price of $227.84 and a two-hundred day moving average price of $232.45.

AppFolio (NASDAQ:APPF) last issued its quarterly earnings results on Thursday, January 30th. The software maker reported $0.58 earnings per share for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.34). AppFolio had a return on equity of 26.21% and a net margin of 25.69%. Equities analysts expect that AppFolio, Inc. will post 3.96 EPS for the current year.

Insider Transactions at AppFolio

In other news, Director Alexander Wolf purchased 9,678 shares of the business’s stock in a transaction dated Thursday, February 13th. The stock was bought at an average price of $214.81 per share, with a total value of $2,078,931.18. Following the acquisition, the director now owns 3,226 shares in the company, valued at approximately $692,977.06. The trade was a -150.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO William Shane Trigg sold 3,501 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $217.27, for a total transaction of $760,662.27. Following the sale, the chief executive officer now directly owns 83,824 shares of the company’s stock, valued at approximately $18,212,440.48. This trade represents a 4.01 % decrease in their position. The disclosure for this sale can be found here. 5.24% of the stock is currently owned by insiders.

About 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.