Olympiad Research LP Has $415,000 Stock Position in AppFolio, Inc. (NASDAQ:APPF)

Olympiad Research LP decreased its holdings in shares of AppFolio, Inc. (NASDAQ:APPF) by 17.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. 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 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. State Street Corp increased its stake in shares of AppFolio by 8.2% during the 3rd quarter. State Street Corp now owns 653,136 shares of the software maker’s stock worth $153,748,000 after purchasing an additional 49,238 shares during the last quarter. Lord Abbett & CO. LLC increased its stake in shares of AppFolio by 82.2% during the 3rd quarter. Lord Abbett & CO. LLC now owns 459,285 shares of the software maker’s stock worth $108,116,000 after purchasing an additional 207,204 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of AppFolio by 8.6% during the 3rd quarter. Geode Capital Management LLC now owns 413,032 shares of the software maker’s stock worth $97,252,000 after purchasing an additional 32,743 shares during the last quarter. DF Dent & Co. Inc. increased its stake in shares of AppFolio by 10.1% during the 3rd quarter. DF Dent & Co. Inc. now owns 351,691 shares of the software maker’s stock worth $82,788,000 after purchasing an additional 32,181 shares during the last quarter. Finally, Franklin Resources Inc. increased its stake in shares of AppFolio by 31.2% during the 3rd quarter. Franklin Resources Inc. now owns 228,655 shares of the software maker’s stock worth $51,800,000 after purchasing an additional 54,386 shares during the last quarter. Institutional investors and hedge funds own 85.19% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on APPF shares. Stephens restated an “overweight” rating and set a $295.00 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 target price on the stock. in a research note on Friday, January 10th. Piper Sandler reiterated a “neutral” rating and issued a $265.00 target price on shares of AppFolio in a research note on Friday, January 31st. Finally, William Blair reiterated an “outperform” rating on shares of AppFolio in a research note on Friday, January 31st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $276.29.

Insider Buying and Selling at AppFolio

In related news, Director Alexander Wolf purchased 9,678 shares of AppFolio stock in a transaction on Thursday, February 13th. The stock was purchased at an average cost of $214.81 per share, with a total value of $2,078,931.18. Following the acquisition, the director now directly owns 3,226 shares in the company, valued at approximately $692,977.06. This trade represents a -150.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Maurice J. Duca sold 2,577 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $250.75, for a total transaction of $646,182.75. Following the transaction, the insider now directly owns 2,875 shares of the company’s stock, valued at $720,906.25. The trade was a 47.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,321 shares of company stock valued at $3,034,077 in the last ninety days. Company insiders own 5.24% of the company’s stock.

AppFolio Price Performance

Shares of AppFolio stock opened at $211.66 on Friday. AppFolio, Inc. has a fifty-two week low of $189.01 and a fifty-two week high of $274.56. The firm has a fifty day moving average price of $242.36 and a two-hundred day moving average price of $233.68. The company has a market cap of $7.70 billion, a PE ratio of 38.14 and a beta of 0.88.

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 net margin of 25.69% and a return on equity of 26.21%. Analysts expect that AppFolio, Inc. will post 3.96 earnings per share for the current fiscal 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.