Diversify Wealth Management LLC Sells 68 Shares of AppFolio, Inc. (NASDAQ:APPF)

Diversify Wealth Management LLC lessened its holdings in AppFolio, Inc. (NASDAQ:APPF) by 4.7% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,371 shares of the software maker’s stock after selling 68 shares during the period. Diversify Wealth Management LLC’s holdings in AppFolio were worth $334,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. American Century Companies Inc. boosted its position in AppFolio by 7.6% in the second quarter. American Century Companies Inc. now owns 3,631 shares of the software maker’s stock worth $888,000 after purchasing an additional 257 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of AppFolio by 18.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 84,151 shares of the software maker’s stock worth $20,583,000 after buying an additional 13,110 shares during the last quarter. Mutual of America Capital Management LLC increased its holdings in AppFolio by 8.0% during the second quarter. Mutual of America Capital Management LLC now owns 12,015 shares of the software maker’s stock worth $2,939,000 after buying an additional 887 shares during the last quarter. Amalgamated Bank increased its stake in shares of AppFolio by 1.3% during the 2nd quarter. Amalgamated Bank now owns 10,945 shares of the software maker’s stock worth $2,677,000 after purchasing an additional 144 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC raised its stake in shares of AppFolio by 48.4% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 1,759 shares of the software maker’s stock valued at $430,000 after buying an additional 574 shares during the period. Hedge funds and other institutional investors own 85.19% of the company’s stock.

Insiders Place Their Bets

In other news, insider Matthew S. Mazza sold 926 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $229.04, for a total transaction of $212,091.04. Following the completion of the transaction, the insider now owns 33,819 shares of the company’s stock, valued at approximately $7,745,903.76. The trade was a 2.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Maurice J. Duca sold 2,510 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $229.21, for a total transaction of $575,317.10. Following the completion of the transaction, the insider now owns 2,459 shares in the company, valued at approximately $563,627.39. This trade represents a 50.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 23,768 shares of company stock worth $5,744,891 in the last ninety days. 5.24% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on APPF. Piper Sandler downgraded shares of AppFolio from an “overweight” rating to a “neutral” rating and set a $265.00 target price for the company. in a research note on Monday, January 6th. KeyCorp cut shares of AppFolio from an “overweight” rating to a “sector weight” rating and set a $253.00 target price on the stock. in a report on Friday, January 10th. Finally, Keefe, Bruyette & Woods lowered AppFolio from a “market perform” rating to an “underperform” rating and cut their price target for the stock from $255.00 to $193.00 in a report on Tuesday, October 15th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $268.57.

AppFolio Price Performance

NASDAQ APPF opened at $257.62 on Thursday. The company’s 50 day simple moving average is $251.19 and its two-hundred day simple moving average is $235.80. AppFolio, Inc. has a 1 year low of $172.98 and a 1 year high of $274.56. The stock has a market capitalization of $9.36 billion, a PE ratio of 71.76 and a beta of 0.87.

AppFolio (NASDAQ:APPF) last issued its quarterly earnings data on Thursday, October 24th. The software maker reported $1.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.03 by $0.26. AppFolio had a return on equity of 30.64% and a net margin of 17.26%. The company had revenue of $206.00 million for the quarter, compared to the consensus estimate of $199.11 million. During the same quarter last year, the business posted $0.26 earnings per share. The firm’s revenue was up 24.5% compared to the same quarter last year. On average, research analysts anticipate that AppFolio, Inc. will post 3.2 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.