Bogle Investment Management L P DE cut its position in AppFolio Inc (NASDAQ:APPF) by 57.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,815 shares of the software maker’s stock after selling 20,413 shares during the quarter. Bogle Investment Management L P DE’s holdings in AppFolio were worth $614,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Geode Capital Management LLC lifted its holdings in AppFolio by 11.3% during the 4th quarter. Geode Capital Management LLC now owns 130,445 shares of the software maker’s stock valued at $5,413,000 after purchasing an additional 13,269 shares during the last quarter. Lazard Asset Management LLC acquired a new position in AppFolio in the fourth quarter valued at about $792,000. Spark Investment Management LLC raised its stake in AppFolio by 20.8% in the fourth quarter. Spark Investment Management LLC now owns 133,800 shares of the software maker’s stock valued at $5,552,000 after purchasing an additional 23,000 shares in the last quarter. Quadrature Capital Ltd acquired a new position in AppFolio in the fourth quarter valued at about $657,000. Finally, Martingale Asset Management L P grew its position in AppFolio by 6.7% in the fourth quarter. Martingale Asset Management L P now owns 33,405 shares of the software maker’s stock valued at $1,387,000 after acquiring an additional 2,102 shares during the last quarter. 27.34% of the stock is owned by institutional investors and hedge funds.
APPF has been the topic of a number of recent analyst reports. BidaskClub cut AppFolio from a “sell” rating to a “strong sell” rating in a research report on Wednesday, December 27th. Zacks Investment Research lowered AppFolio from a “hold” rating to a “sell” rating in a research note on Thursday, February 1st. TheStreet raised AppFolio from a “d+” rating to a “c-” rating in a research note on Monday, February 26th. Finally, Morgan Stanley upped their price objective on AppFolio from $38.00 to $46.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 14th. Six equities research analysts have rated the stock with a hold rating, The company presently has a consensus rating of “Hold” and a consensus price target of $44.33.
AppFolio Inc (NASDAQ APPF) traded up $0.40 on Wednesday, reaching $41.55. The company had a trading volume of 19,637 shares, compared to its average volume of 113,623. The company has a market cap of $1,400.00 and a price-to-earnings ratio of 146.96. AppFolio Inc has a fifty-two week low of $23.50 and a fifty-two week high of $52.25.
AppFolio (NASDAQ:APPF) last announced its quarterly earnings data on Monday, February 26th. The software maker reported $0.07 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.09 by ($0.02). AppFolio had a net margin of 6.76% and a return on equity of 12.48%. The company had revenue of $37.90 million for the quarter, compared to analysts’ expectations of $35.48 million. The company’s revenue for the quarter was up 35.3% compared to the same quarter last year. equities analysts anticipate that AppFolio Inc will post 0.37 EPS for the current fiscal year.
In other AppFolio news, Director William R. Rauth III sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $42.53, for a total transaction of $850,600.00. Following the sale, the director now directly owns 20,000 shares in the company, valued at $850,600. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Jason Robert Randall sold 25,000 shares of the company’s stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $43.00, for a total value of $1,075,000.00. The disclosure for this sale can be found here. Insiders own 44.77% of the company’s stock.
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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