Blair William & Co. IL Lowers Stake in AppFolio, Inc. (NASDAQ:APPF)

Blair William & Co. IL lessened its holdings in AppFolio, Inc. (NASDAQ:APPFFree Report) by 1.4% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 65,238 shares of the software maker’s stock after selling 918 shares during the quarter. Blair William & Co. IL owned approximately 0.18% of AppFolio worth $11,914,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. boosted its stake in shares of AppFolio by 1.0% during the third quarter. Vanguard Group Inc. now owns 1,787,418 shares of the software maker’s stock valued at $187,178,000 after purchasing an additional 16,886 shares during the period. BlackRock Inc. increased its position in shares of AppFolio by 2.9% during the second quarter. BlackRock Inc. now owns 1,524,173 shares of the software maker’s stock worth $262,371,000 after acquiring an additional 42,573 shares during the period. Fred Alger Management LLC increased its position in shares of AppFolio by 623.8% during the fourth quarter. Fred Alger Management LLC now owns 497,164 shares of the software maker’s stock worth $52,391,000 after acquiring an additional 428,479 shares during the period. State Street Corp raised its stake in shares of AppFolio by 0.7% during the second quarter. State Street Corp now owns 415,745 shares of the software maker’s stock valued at $71,566,000 after acquiring an additional 3,010 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of AppFolio by 2.8% in the second quarter. Geode Capital Management LLC now owns 385,430 shares of the software maker’s stock valued at $66,348,000 after purchasing an additional 10,569 shares during the period. Hedge funds and other institutional investors own 48.96% of the company’s stock.

AppFolio Stock Down 1.3 %

Shares of APPF opened at $233.71 on Monday. The company has a 50 day moving average of $188.56 and a two-hundred day moving average of $186.82. AppFolio, Inc. has a twelve month low of $113.58 and a twelve month high of $242.00. The company has a market cap of $8.38 billion, a price-to-earnings ratio of 7,792.93 and a beta of 0.81.

Insider Activity at AppFolio

In other news, CEO William Shane Trigg sold 7,430 shares of the company’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $200.10, for a total transaction of $1,486,743.00. Following the transaction, the chief executive officer now owns 70,616 shares in the company, valued at $14,130,261.60. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CEO William Shane Trigg sold 7,430 shares of the business’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $200.10, for a total transaction of $1,486,743.00. Following the sale, the chief executive officer now directly owns 70,616 shares of the company’s stock, valued at $14,130,261.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Matthew S. Mazza sold 4,590 shares of the company’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $201.40, for a total value of $924,426.00. Following the completion of the transaction, the insider now directly owns 41,299 shares in the company, valued at $8,317,618.60. The disclosure for this sale can be found here. 9.15% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

APPF has been the topic of several research reports. JPMorgan Chase & Co. raised their price objective on AppFolio from $228.00 to $237.00 and gave the stock an “overweight” rating in a report on Friday, January 26th. Stephens reaffirmed an “overweight” rating and issued a $241.00 price objective on shares of AppFolio in a research note on Friday, January 26th. BTIG Research initiated coverage on shares of AppFolio in a research report on Friday, January 19th. They set a “buy” rating and a $215.00 target price on the stock. KeyCorp boosted their price target on shares of AppFolio from $240.00 to $254.00 and gave the company an “overweight” rating in a report on Tuesday, January 30th. Finally, StockNews.com lowered AppFolio from a “buy” rating to a “hold” rating in a report on Thursday, December 21st. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $237.40.

View Our Latest Stock Report 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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