AppFolio, Inc. (NASDAQ:APPF) Shares Purchased by Russell Investments Group Ltd.

Russell Investments Group Ltd. increased its stake in AppFolio, Inc. (NASDAQ:APPF) by 34.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 67,171 shares of the software maker’s stock after purchasing an additional 17,161 shares during the period. Russell Investments Group Ltd.’s holdings in AppFolio were worth $11,637,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of APPF. Meeder Asset Management Inc. acquired a new stake in shares of AppFolio during the fourth quarter worth about $85,000. Headlands Technologies LLC acquired a new stake in AppFolio during the 4th quarter valued at approximately $85,000. First Foundation Advisors purchased a new stake in shares of AppFolio in the 3rd quarter valued at $209,000. Handelsinvest Investeringsforvaltning acquired a new stake in shares of AppFolio in the fourth quarter worth $240,000. Finally, Pathstone Family Office LLC purchased a new position in shares of AppFolio during the third quarter worth $260,000. Hedge funds and other institutional investors own 62.34% of the company’s stock.

Insider Activity at AppFolio

In other AppFolio news, Director Timothy K. Bliss sold 10,000 shares of the company’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $227.24, for a total transaction of $2,272,400.00. Following the completion of the transaction, the director now directly owns 51,070 shares in the company, valued at $11,605,146.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Blottnitz Andreas Von sold 4,500 shares of AppFolio 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 sale, the director now directly owns 5,449 shares of the company’s stock, valued at $1,234,525.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Timothy K. Bliss sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $227.24, for a total value of $2,272,400.00. Following the sale, the director now owns 51,070 shares of the company’s stock, valued at $11,605,146.80. The disclosure for this sale can be found here. In the last quarter, insiders have sold 15,489 shares of company stock valued at $3,531,011. 9.15% of the stock is owned by company insiders.

AppFolio Price Performance

AppFolio stock opened at $239.11 on Monday. The stock has a market capitalization of $8.58 billion, a PE ratio of 115.51 and a beta of 0.79. The business has a 50 day simple moving average of $229.78 and a 200-day simple moving average of $207.01. AppFolio, Inc. has a 12 month low of $133.83 and a 12 month high of $256.73.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. BTIG Research started coverage on shares of AppFolio in a report on Friday, January 19th. They issued a “buy” rating and a $215.00 price target on the stock. Stephens reaffirmed an “overweight” rating and set a $241.00 target price on shares of AppFolio in a report on Friday, April 26th. KeyCorp lifted their price target on AppFolio from $264.00 to $275.00 and gave the company an “overweight” rating in a research report on Friday, April 26th. JPMorgan Chase & Co. upped their price objective on AppFolio from $228.00 to $237.00 and gave the stock an “overweight” rating in a research report on Friday, January 26th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of AppFolio from $215.00 to $238.00 and gave the stock a “market perform” rating in a research note on Friday, April 26th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $241.00.

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.