Semanteon Capital Management LP Acquires Shares of 5,193 AppFolio, Inc. (NASDAQ:APPF)

Semanteon Capital Management LP acquired a new stake in shares of AppFolio, Inc. (NASDAQ:APPF) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 5,193 shares of the software maker’s stock, valued at approximately $900,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC boosted its stake in AppFolio by 497.7% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 43,552 shares of the software maker’s stock valued at $7,545,000 after purchasing an additional 36,265 shares during the last quarter. WCM Investment Management LLC bought a new position in shares of AppFolio in the fourth quarter valued at approximately $12,941,000. Long Walk Management LP boosted its position in shares of AppFolio by 62.7% during the fourth quarter. Long Walk Management LP now owns 122,000 shares of the software maker’s stock valued at $21,135,000 after buying an additional 47,000 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in AppFolio by 103.1% during the fourth quarter. Assenagon Asset Management S.A. now owns 34,881 shares of the software maker’s stock worth $6,043,000 after buying an additional 17,706 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in AppFolio by 2.4% in the 3rd quarter. Vanguard Group Inc. now owns 2,001,727 shares of the software maker’s stock valued at $365,575,000 after buying an additional 46,827 shares during the last quarter. 62.34% of the stock is owned by institutional investors.

AppFolio Price Performance

NASDAQ:APPF traded up $0.75 during trading hours on Thursday, hitting $216.65. The stock had a trading volume of 587,492 shares, compared to its average volume of 308,845. The company has a 50 day simple moving average of $229.89 and a two-hundred day simple moving average of $204.61. The firm has a market capitalization of $7.77 billion, a price-to-earnings ratio of 7,224.07 and a beta of 0.80. AppFolio, Inc. has a one year low of $123.36 and a one year high of $253.42.

AppFolio (NASDAQ:APPF) last posted its quarterly earnings data on Thursday, January 25th. The software maker reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.29. AppFolio had a negative return on equity of 8.58% and a net margin of 0.44%. The company had revenue of $171.83 million during the quarter, compared to analyst estimates of $162.80 million. Equities research analysts anticipate that AppFolio, Inc. will post 2.66 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Blottnitz Andreas Von sold 4,500 shares of the business’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $226.56, for a total value of $1,019,520.00. Following the completion of the sale, the director now owns 5,449 shares in the company, valued at approximately $1,234,525.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Olivia Nottebohm sold 989 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $241.75, for a total value of $239,090.75. Following the completion of the transaction, the director now directly owns 1,909 shares in the company, valued at approximately $461,500.75. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Blottnitz Andreas Von sold 4,500 shares of the business’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $226.56, for a total transaction of $1,019,520.00. Following the completion of the transaction, the director now directly owns 5,449 shares in the company, valued at approximately $1,234,525.44. The disclosure for this sale can be found here. Over the last three months, insiders have sold 15,489 shares of company stock worth $3,531,011. Insiders own 9.15% of the company’s stock.

Wall Street Analyst Weigh In

APPF has been the topic of a number of recent analyst reports. KeyCorp lifted their price target on AppFolio from $254.00 to $264.00 and gave the stock an “overweight” rating in a report on Monday, March 18th. Stephens restated an “overweight” rating and set a $241.00 price objective on shares of AppFolio in a report on Friday, January 26th. JPMorgan Chase & Co. increased their target price on shares of AppFolio from $228.00 to $237.00 and gave the company an “overweight” rating in a research report on Friday, January 26th. Finally, BTIG Research initiated coverage on AppFolio in a research note on Friday, January 19th. They issued a “buy” rating and a $215.00 price objective on the stock. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, AppFolio has a consensus rating of “Moderate Buy” and a consensus target price of $239.40.

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.