AppFolio, Inc. (NASDAQ:APPF) Shares Sold by Assetmark Inc.

Assetmark Inc. lessened its position in AppFolio, Inc. (NASDAQ:APPFFree Report) by 16.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 301 shares of the software maker’s stock after selling 59 shares during the period. Assetmark Inc.’s holdings in AppFolio were worth $52,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Victory Capital Management Inc. increased its holdings in shares of AppFolio by 175.1% in the 3rd quarter. Victory Capital Management Inc. now owns 5,541 shares of the software maker’s stock valued at $1,012,000 after purchasing an additional 3,527 shares in the last quarter. Assenagon Asset Management S.A. purchased a new position in shares of AppFolio in the 3rd quarter valued at about $3,137,000. Illinois Municipal Retirement Fund purchased a new position in shares of AppFolio in the 3rd quarter valued at about $599,000. Arizona State Retirement System increased its holdings in shares of AppFolio by 1.9% in the 3rd quarter. Arizona State Retirement System now owns 5,321 shares of the software maker’s stock valued at $972,000 after purchasing an additional 101 shares in the last quarter. Finally, Jump Financial LLC purchased a new position in shares of AppFolio in the 3rd quarter valued at about $1,005,000. Institutional investors and hedge funds own 62.34% of the company’s stock.

AppFolio Trading Down 0.6 %

NASDAQ:APPF opened at $228.32 on Friday. The company has a market capitalization of $8.27 billion, a P/E ratio of 110.30 and a beta of 0.79. AppFolio, Inc. has a twelve month low of $138.49 and a twelve month high of $256.73. The firm has a 50-day moving average price of $233.53 and a two-hundred day moving average price of $213.88.

AppFolio (NASDAQ:APPFGet Free Report) last issued its quarterly earnings results on Thursday, April 25th. The software maker reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.09. The business had revenue of $187.43 million during the quarter, compared to the consensus estimate of $173.66 million. AppFolio had a net margin of 11.38% and a return on equity of 13.51%. On average, equities research analysts predict that AppFolio, Inc. will post 2.87 earnings per share for the current year.

Insider Transactions at AppFolio

In other news, Director Alexander Wolf sold 10,000 shares of AppFolio stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $250.26, for a total transaction of $2,502,600.00. Following the completion of the sale, the director now directly owns 182,584 shares in the company, valued at $45,693,471.84. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, Director Timothy K. Bliss sold 6,400 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $243.41, for a total value of $1,557,824.00. Following the sale, the director now directly owns 4,354 shares of the company’s stock, valued at $1,059,807.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Alexander Wolf sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $250.26, for a total transaction of $2,502,600.00. Following the completion of the sale, the director now directly owns 182,584 shares in the company, valued at $45,693,471.84. The disclosure for this sale can be found here. Insiders sold a total of 33,031 shares of company stock worth $7,883,943 over the last ninety days. 9.15% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on APPF shares. Stephens reiterated an “overweight” rating and issued a $241.00 price target on shares of AppFolio in a report on Friday, April 26th. KeyCorp increased their price target on shares of AppFolio from $264.00 to $275.00 and gave the company an “overweight” rating in a report on Friday, April 26th. Finally, Keefe, Bruyette & Woods raised their target price on shares of AppFolio from $215.00 to $238.00 and gave the company a “market perform” rating in a report on Friday, April 26th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $241.00.

Check Out Our Latest Stock Analysis on AppFolio

AppFolio Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for AppFolio (NASDAQ:APPF)

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