Ashton Thomas Private Wealth LLC Purchases Shares of 953 AppFolio, Inc. (NASDAQ:APPF)

Ashton Thomas Private Wealth LLC purchased a new stake in shares of AppFolio, Inc. (NASDAQ:APPF) during the fourth quarter, Holdings Channel.com reports. The firm purchased 953 shares of the software maker’s stock, valued at approximately $235,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. UMB Bank n.a. grew its position in AppFolio by 193.0% during the fourth quarter. UMB Bank n.a. now owns 167 shares of the software maker’s stock valued at $41,000 after acquiring an additional 110 shares during the last quarter. Arcadia Investment Management Corp MI bought a new position in AppFolio during the fourth quarter valued at approximately $50,000. Jones Financial Companies Lllp grew its position in AppFolio by 60.4% during the fourth quarter. Jones Financial Companies Lllp now owns 247 shares of the software maker’s stock valued at $61,000 after acquiring an additional 93 shares during the last quarter. Blue Trust Inc. grew its position in AppFolio by 126.5% during the fourth quarter. Blue Trust Inc. now owns 265 shares of the software maker’s stock valued at $62,000 after acquiring an additional 148 shares during the last quarter. Finally, True Wealth Design LLC bought a new position in AppFolio during the third quarter valued at approximately $79,000. 85.19% of the stock is currently owned by institutional investors.

AppFolio Stock Down 0.5 %

Shares of APPF stock opened at $214.46 on Wednesday. The stock has a fifty day moving average of $233.61 and a 200 day moving average of $233.48. AppFolio, Inc. has a 52 week low of $189.01 and a 52 week high of $274.56. The firm has a market capitalization of $7.81 billion, a price-to-earnings ratio of 38.64 and a beta of 0.89.

AppFolio (NASDAQ:APPF) last announced its quarterly earnings results on Thursday, January 30th. The software maker reported $0.58 EPS 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 research analysts anticipate that AppFolio, Inc. will post 3.96 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In other AppFolio news, insider Matthew S. Mazza sold 838 shares of the stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $255.30, for a total value of $213,941.40. Following the completion of the transaction, the insider now owns 22,701 shares in the company, valued at approximately $5,795,565.30. This represents a 3.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO William Shane Trigg sold 3,501 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $217.27, for a total value of $760,662.27. Following the completion of the transaction, the chief executive officer now 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 owned by corporate 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.