Rhumbline Advisers Buys New Position in AppFolio, Inc. (APPF)

Rhumbline Advisers bought a new stake in AppFolio, Inc. (NASDAQ:APPF) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 9,195 shares of the software maker’s stock, valued at approximately $300,000.

A number of other hedge funds also recently bought and sold shares of APPF. Sei Investments Co. lifted its stake in AppFolio by 50,928.6% in the second quarter. Sei Investments Co. now owns 3,572 shares of the software maker’s stock valued at $117,000 after buying an additional 3,565 shares during the last quarter. American International Group Inc. lifted its stake in AppFolio by 7.2% in the first quarter. American International Group Inc. now owns 4,683 shares of the software maker’s stock valued at $127,000 after buying an additional 314 shares during the last quarter. UBS Group AG lifted its stake in AppFolio by 232.9% in the first quarter. UBS Group AG now owns 5,187 shares of the software maker’s stock valued at $142,000 after buying an additional 3,629 shares during the last quarter. Russell Investments Group Ltd. bought a new stake in AppFolio in the second quarter valued at $178,000. Finally, First Quadrant L P CA bought a new stake in AppFolio in the second quarter valued at $225,000. Institutional investors own 20.88% of the company’s stock.

In other news, major shareholder Marc Stad sold 2,227 shares of the company’s stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $36.75, for a total transaction of $81,842.25. Following the transaction, the insider now owns 73,153 shares of the company’s stock, valued at $2,688,372.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Global Fund Ii L.P. Dragoneer sold 75,000 shares of the company’s stock in a transaction on Tuesday, July 25th. The shares were sold at an average price of $35.16, for a total value of $2,637,000.00. Following the transaction, the insider now directly owns 74,344 shares in the company, valued at approximately $2,613,935.04. The disclosure for this sale can be found here. In the last three months, insiders sold 972,438 shares of company stock worth $34,571,525. Insiders own 44.77% of the company’s stock.

APPF has been the topic of a number of recent research reports. Zacks Investment Research upgraded AppFolio from a “hold” rating to a “buy” rating and set a $36.00 target price on the stock in a research note on Wednesday, July 12th. BidaskClub cut AppFolio from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 4th. KeyCorp reiterated a “buy” rating on shares of AppFolio in a research note on Friday, August 11th. Morgan Stanley raised their target price on AppFolio from $33.00 to $38.00 and gave the company an “equal weight” rating in a research note on Tuesday, August 8th. Finally, Credit Suisse Group reiterated a “neutral” rating and issued a $35.00 target price (up from $27.00) on shares of AppFolio in a research note on Tuesday, August 8th. Four investment analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $38.33.

COPYRIGHT VIOLATION WARNING: This story was originally posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this story on another site, it was stolen and reposted in violation of international copyright & trademark legislation. The correct version of this story can be viewed at https://ledgergazette.com/2017/10/11/rhumbline-advisers-buys-new-position-in-appfolio-inc-appf.html.

Shares of AppFolio, Inc. (APPF) opened at 50.90 on Wednesday. The company’s 50 day moving average is $47.14 and its 200-day moving average is $47.14. The company has a market capitalization of $1.73 billion, a PE ratio of 1641.94 and a beta of 0.76. AppFolio, Inc. has a 52 week low of $18.39 and a 52 week high of $52.25.

AppFolio Profile

A number of other hedge funds also recently bought and sold shares of APPF. Sei Investments Co. lifted its stake in AppFolio by 50,928.6% in the second quarter. Sei Investments Co. now owns 3,572 shares of the software maker’s stock valued at $117,000 after buying an additional 3,565 shares during the last quarter. American International Group Inc. lifted its stake in AppFolio by 7.2% in the first quarter. American International Group Inc. now owns 4,683 shares of the software maker’s stock valued at $127,000 after buying an additional 314 shares during the last quarter. UBS Group AG lifted its stake in AppFolio by 232.9% in the first quarter. UBS Group AG now owns 5,187 shares of the software maker’s stock valued at $142,000 after buying an additional 3,629 shares during the last quarter. Russell Investments Group Ltd. bought a new stake in AppFolio in the second quarter valued at $178,000. Finally, First Quadrant L P CA bought a new stake in AppFolio in the second quarter valued at $225,000. Institutional investors own 20.88% of the company’s stock.

In other news, major shareholder Marc Stad sold 2,227 shares of the company’s stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $36.75, for a total transaction of $81,842.25. Following the transaction, the insider now owns 73,153 shares of the company’s stock, valued at $2,688,372.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Global Fund Ii L.P. Dragoneer sold 75,000 shares of the company’s stock in a transaction on Tuesday, July 25th. The shares were sold at an average price of $35.16, for a total value of $2,637,000.00. Following the transaction, the insider now directly owns 74,344 shares in the company, valued at approximately $2,613,935.04. The disclosure for this sale can be found here. In the last three months, insiders sold 972,438 shares of company stock worth $34,571,525. Insiders own 44.77% of the company’s stock.

APPF has been the topic of a number of recent research reports. Zacks Investment Research upgraded AppFolio from a “hold” rating to a “buy” rating and set a $36.00 target price on the stock in a research note on Wednesday, July 12th. BidaskClub cut AppFolio from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 4th. KeyCorp reiterated a “buy” rating on shares of AppFolio in a research note on Friday, August 11th. Morgan Stanley raised their target price on AppFolio from $33.00 to $38.00 and gave the company an “equal weight” rating in a research note on Tuesday, August 8th. Finally, Credit Suisse Group reiterated a “neutral” rating and issued a $35.00 target price (up from $27.00) on shares of AppFolio in a research note on Tuesday, August 8th. Four investment analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $38.33.

COPYRIGHT VIOLATION WARNING: This story was originally posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this story on another site, it was stolen and reposted in violation of international copyright & trademark legislation. The correct version of this story can be viewed at https://ledgergazette.com/2017/10/11/rhumbline-advisers-buys-new-position-in-appfolio-inc-appf.html.

Shares of AppFolio, Inc. (APPF) opened at 50.90 on Wednesday. The company’s 50 day moving average is $47.14 and its 200-day moving average is $47.14. The company has a market capitalization of $1.73 billion, a PE ratio of 1641.94 and a beta of 0.76. AppFolio, Inc. has a 52 week low of $18.39 and a 52 week high of $52.25.

AppFolio Profile

AppFolio, Inc is a provider of industry-specific, cloud-based software solutions for small and medium-sized businesses (SMBs) in the property management and legal industries. The Company’s mobile-optimized software solutions enable its customers to work at any time and from anywhere across multiple devices.

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Institutional Ownership by Quarter for AppFolio (NASDAQ:APPF)

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