Long Walk Management LP Has $16.16 Million Stock Position in AppFolio, Inc. (NASDAQ:APPF)

Long Walk Management LP grew its position in AppFolio, Inc. (NASDAQ:APPF) by 29.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 65,500 shares of the software maker’s stock after purchasing an additional 14,750 shares during the period. AppFolio comprises approximately 5.9% of Long Walk Management LP’s holdings, making the stock its 10th biggest holding. Long Walk Management LP’s holdings in AppFolio were worth $16,160,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Assetmark Inc. grew its holdings in shares of AppFolio by 649.5% during the third quarter. Assetmark Inc. now owns 2,391 shares of the software maker’s stock worth $563,000 after purchasing an additional 2,072 shares during the last quarter. Crossmark Global Holdings Inc. raised its stake in shares of AppFolio by 33.7% in the third quarter. Crossmark Global Holdings Inc. now owns 1,770 shares of the software maker’s stock worth $416,000 after acquiring an additional 446 shares during the last quarter. State of New Jersey Common Pension Fund D lifted its position in shares of AppFolio by 5.1% during the third quarter. State of New Jersey Common Pension Fund D now owns 8,475 shares of the software maker’s stock worth $1,995,000 after purchasing an additional 412 shares in the last quarter. Entropy Technologies LP bought a new position in AppFolio in the 3rd quarter worth approximately $384,000. Finally, KBC Group NV boosted its position in AppFolio by 22.1% in the 3rd quarter. KBC Group NV now owns 618 shares of the software maker’s stock valued at $145,000 after buying an additional 112 shares during the last quarter. Institutional investors own 85.19% of the company’s stock.

AppFolio Stock Up 4.9 %

NASDAQ:APPF opened at $216.74 on Friday. AppFolio, Inc. has a twelve month low of $189.01 and a twelve month high of $274.56. The business has a 50 day moving average price of $231.33 and a two-hundred day moving average price of $233.01. The company has a market cap of $7.89 billion, a P/E ratio of 39.05 and a beta of 0.89.

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

Insider Activity

In other news, Director Alexander Wolf purchased 9,678 shares of the business’s stock in a transaction on Thursday, February 13th. The stock was purchased at an average price of $214.81 per share, for a total transaction of $2,078,931.18. Following the completion of the purchase, the director now directly owns 3,226 shares in the company, valued at $692,977.06. The trade was a -150.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Matthew S. Mazza sold 838 shares of the business’s stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $255.30, for a total transaction of $213,941.40. Following the transaction, the insider now owns 22,701 shares in the company, valued at $5,795,565.30. This represents a 3.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.24% of the stock is currently owned by insiders.

Analyst Ratings Changes

APPF has been the topic of several analyst reports. KeyCorp lowered 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. 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 reiterated a “neutral” rating and issued a $265.00 target price on shares of AppFolio in a report on Friday, January 31st. Finally, William Blair restated 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 issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $276.29.

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.