Bryce Point Capital LLC Purchases Shares of 5,640 AppFolio, Inc. (NASDAQ:APPF)

Bryce Point Capital LLC acquired a new position in AppFolio, Inc. (NASDAQ:APPF) during the fourth quarter, HoldingsChannel reports. The firm acquired 5,640 shares of the software maker’s stock, valued at approximately $1,392,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. JPMorgan Chase & Co. raised its holdings in AppFolio by 3.3% in the third quarter. JPMorgan Chase & Co. now owns 161,278 shares of the software maker’s stock valued at $37,965,000 after buying an additional 5,077 shares during the period. Captrust Financial Advisors lifted its holdings in shares of AppFolio by 183.3% during the 3rd quarter. Captrust Financial Advisors now owns 4,374 shares of the software maker’s stock valued at $1,030,000 after acquiring an additional 2,830 shares in the last quarter. South Dakota Investment Council lifted its holdings in shares of AppFolio by 94.4% during the 4th quarter. South Dakota Investment Council now owns 3,500 shares of the software maker’s stock valued at $864,000 after acquiring an additional 1,700 shares in the last quarter. SYM FINANCIAL Corp purchased a new stake in AppFolio during the 4th quarter worth $292,000. Finally, Los Angeles Capital Management LLC increased its holdings in AppFolio by 8.9% in the 4th quarter. Los Angeles Capital Management LLC now owns 114,462 shares of the software maker’s stock valued at $28,240,000 after purchasing an additional 9,401 shares in the last quarter. 85.19% of the stock is owned by institutional investors and hedge funds.

AppFolio Stock Performance

APPF opened at $222.43 on Wednesday. The company has a market capitalization of $8.10 billion, a P/E ratio of 40.08 and a beta of 0.89. The company has a 50-day moving average of $223.98 and a 200-day moving average of $232.49. AppFolio, Inc. has a 1-year low of $189.01 and a 1-year high of $274.56.

AppFolio (NASDAQ:APPF) last announced its quarterly earnings data on Thursday, January 30th. The software maker reported $0.58 earnings per share (EPS) for the quarter, missing the consensus estimate 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, sell-side analysts expect that AppFolio, Inc. will post 3.96 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Matthew S. Mazza sold 838 shares of the business’s stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $255.30, for a total transaction of $213,941.40. Following the completion of the transaction, the insider now owns 22,701 shares in the company, valued at $5,795,565.30. The trade was a 3.56 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 sale, the chief executive officer now directly owns 83,824 shares in the company, valued at $18,212,440.48. This represents a 4.01 % 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 company insiders.

Analyst Ratings Changes

A number of research analysts have commented on the company. KeyCorp cut AppFolio from an “overweight” rating to a “sector weight” rating and set a $253.00 price objective on the stock. in a research note on Friday, January 10th. Piper Sandler reissued a “neutral” rating and set a $265.00 price target on shares of AppFolio in a research report on Friday, January 31st. Stephens restated an “overweight” rating and issued a $295.00 price target on shares of AppFolio in a report on Friday, January 31st. Finally, William Blair reiterated an “outperform” rating on shares of AppFolio in a research note 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 assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $276.29.

AppFolio 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.