AppFolio, Inc. (NASDAQ:APPF) Stake Lifted by CenterBook Partners LP

CenterBook Partners LP boosted its holdings in AppFolio, Inc. (NASDAQ:APPFFree Report) by 54.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,097 shares of the software maker’s stock after acquiring an additional 1,097 shares during the quarter. CenterBook Partners LP’s holdings in AppFolio were worth $537,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in APPF. Verdence Capital Advisors LLC raised its holdings in shares of AppFolio by 2.7% in the 4th quarter. Verdence Capital Advisors LLC now owns 2,114 shares of the software maker’s stock worth $366,000 after purchasing an additional 55 shares in the last quarter. Harbor Capital Advisors Inc. boosted its holdings in AppFolio by 3.2% during the fourth quarter. Harbor Capital Advisors Inc. now owns 3,691 shares of the software maker’s stock worth $639,000 after buying an additional 116 shares in the last quarter. Capstone Investment Advisors LLC boosted its holdings in AppFolio by 5.2% during the fourth quarter. Capstone Investment Advisors LLC now owns 5,158 shares of the software maker’s stock worth $894,000 after buying an additional 257 shares in the last quarter. UBS Group AG boosted its holdings in AppFolio by 2.7% during the third quarter. UBS Group AG now owns 12,232 shares of the software maker’s stock worth $2,234,000 after buying an additional 318 shares in the last quarter. Finally, Rhumbline Advisers boosted its holdings in AppFolio by 1.2% during the third quarter. Rhumbline Advisers now owns 27,494 shares of the software maker’s stock worth $5,021,000 after buying an additional 319 shares in the last quarter. Institutional investors own 62.34% of the company’s stock.

Analyst Ratings Changes

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

Check Out Our Latest Research Report on AppFolio

AppFolio Stock Performance

AppFolio stock opened at $229.45 on Monday. The company has a 50 day moving average price of $232.14 and a 200 day moving average price of $214.95. AppFolio, Inc. has a 52 week low of $155.56 and a 52 week high of $256.73. The firm has a market capitalization of $8.31 billion, a price-to-earnings ratio of 110.85 and a beta of 0.80.

AppFolio (NASDAQ:APPFGet Free Report) last posted its quarterly earnings data 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 firm had revenue of $187.43 million during the quarter, compared to analyst estimates of $173.66 million. AppFolio had a net margin of 11.38% and a return on equity of 13.51%. Equities analysts forecast that AppFolio, Inc. will post 2.87 earnings per share for the current fiscal year.

Insider Buying and Selling at AppFolio

In other AppFolio news, insider Matthew S. Mazza sold 2,131 shares of AppFolio stock in a transaction on Monday, May 13th. The shares were sold at an average price of $249.46, for a total transaction of $531,599.26. Following the completion of the sale, the insider now owns 43,680 shares of the company’s stock, valued at approximately $10,896,412.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other AppFolio news, Director Timothy K. Bliss sold 6,400 shares of AppFolio stock in a transaction on Monday, May 20th. The shares were sold at an average price of $243.41, for a total transaction of $1,557,824.00. Following the completion of the sale, the director now owns 4,354 shares of the company’s stock, valued at approximately $1,059,807.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Matthew S. Mazza sold 2,131 shares of AppFolio stock in a transaction on Monday, May 13th. The shares were sold at an average price of $249.46, for a total transaction of $531,599.26. Following the sale, the insider now directly owns 43,680 shares of the company’s stock, valued at approximately $10,896,412.80. The disclosure for this sale can be found here. Insiders sold 18,531 shares of company stock valued at $4,592,023 in the last quarter. Company insiders own 9.15% of the company’s stock.

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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