Jackson Creek Investment Advisors LLC Cuts Holdings in AppFolio, Inc. (NASDAQ:APPF)

Jackson Creek Investment Advisors LLC trimmed its position in AppFolio, Inc. (NASDAQ:APPF) by 2.9% in the fourth quarter, HoldingsChannel reports. The firm owned 5,689 shares of the software maker’s stock after selling 172 shares during the quarter. Jackson Creek Investment Advisors LLC’s holdings in AppFolio were worth $1,404,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in APPF. UMB Bank n.a. grew its holdings in shares of AppFolio by 193.0% in 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 in the last quarter. Arcadia Investment Management Corp MI purchased a new position in AppFolio in the fourth quarter worth $50,000. 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 purchasing an additional 93 shares during the period. Blue Trust Inc. increased its position in shares of AppFolio by 126.5% during the 4th quarter. Blue Trust Inc. now owns 265 shares of the software maker’s stock valued at $62,000 after purchasing an additional 148 shares during the last quarter. Finally, True Wealth Design LLC bought a new stake in shares of AppFolio during the 3rd quarter worth $79,000. Hedge funds and other institutional investors own 85.19% of the company’s stock.

AppFolio Trading Up 0.4 %

APPF opened at $220.89 on Friday. AppFolio, Inc. has a 12 month low of $189.01 and a 12 month high of $274.56. The company has a market cap of $8.04 billion, a PE ratio of 39.80 and a beta of 0.88. The company has a 50 day moving average of $235.47 and a 200 day moving average of $233.54.

AppFolio (NASDAQ:APPF) last posted 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%. Research analysts forecast that AppFolio, Inc. will post 3.96 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Alexander Wolf acquired 9,678 shares of the business’s stock in a transaction dated Thursday, February 13th. The stock was bought at an average cost of $214.81 per share, for a total transaction of $2,078,931.18. Following the completion of the transaction, the director now owns 3,226 shares of the company’s stock, valued at $692,977.06. The trade was a -150.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO William Shane Trigg sold 3,501 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $217.27, for a total transaction of $760,662.27. Following the transaction, the chief executive officer now directly owns 83,824 shares of the company’s stock, valued at approximately $18,212,440.48. This represents a 4.01 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,039 shares of company stock worth $1,153,454 in the last quarter. 5.24% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

APPF has been the subject of several research reports. KeyCorp lowered shares of AppFolio from an “overweight” rating to a “sector weight” rating and set a $253.00 price target for the company. in a research report on Friday, January 10th. Stephens reissued an “overweight” rating and set a $295.00 target price on shares of AppFolio in a research report on Friday, January 31st. William Blair reaffirmed an “outperform” rating on shares of AppFolio in a report on Friday, January 31st. Finally, Piper Sandler reissued a “neutral” rating and set a $265.00 price objective on shares of AppFolio in a report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, AppFolio presently has a consensus rating of “Hold” and an average target price of $276.29.

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.