Advisory Services Network LLC lifted its position in shares of AppFolio Inc (NASDAQ:APPF) by 3,961.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,061 shares of the software maker’s stock after acquiring an additional 3,961 shares during the quarter. Advisory Services Network LLC’s holdings in AppFolio were worth $318,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Creative Planning acquired a new stake in shares of AppFolio during the 2nd quarter valued at $255,000. Ingalls & Snyder LLC acquired a new stake in shares of AppFolio during the 3rd quarter valued at $262,000. Campbell & CO Investment Adviser LLC acquired a new stake in shares of AppFolio during the 2nd quarter valued at $294,000. Metropolitan Life Insurance Co. NY boosted its holdings in shares of AppFolio by 60.5% during the 2nd quarter. Metropolitan Life Insurance Co. NY now owns 4,857 shares of the software maker’s stock valued at $297,000 after acquiring an additional 1,831 shares in the last quarter. Finally, Voya Investment Management LLC acquired a new stake in shares of AppFolio during the 2nd quarter valued at $315,000. 30.02% of the stock is currently owned by institutional investors.

In other news, Director William R. Rauth III sold 20,000 shares of AppFolio stock in a transaction dated Monday, October 15th. The stock was sold at an average price of $63.40, for a total value of $1,268,000.00. Following the completion of the transaction, the director now directly owns 20,000 shares of the company’s stock, valued at approximately $1,268,000. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Jonathan Walker sold 30,000 shares of AppFolio stock in a transaction dated Thursday, October 4th. The stock was sold at an average price of $73.03, for a total value of $2,190,900.00. Following the completion of the transaction, the insider now directly owns 30,000 shares of the company’s stock, valued at $2,190,900. The disclosure for this sale can be found here. 41.96% of the stock is currently owned by insiders.

Shares of APPF opened at $59.49 on Friday. The stock has a market cap of $2.06 billion, a price-to-earnings ratio of 212.46 and a beta of 1.41. AppFolio Inc has a 12 month low of $37.56 and a 12 month high of $91.49.

AppFolio (NASDAQ:APPF) last announced its earnings results on Monday, October 29th. The software maker reported $0.16 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by ($0.05). The company had revenue of $50.13 million for the quarter, compared to analyst estimates of $47.72 million. AppFolio had a return on equity of 20.57% and a net margin of 11.20%. The firm’s revenue was up 32.2% on a year-over-year basis. Equities analysts anticipate that AppFolio Inc will post 0.63 earnings per share for the current fiscal year.

APPF has been the topic of several recent research reports. Morgan Stanley lifted their target price on AppFolio from $52.00 to $56.00 and gave the stock a “sell” rating in a report on Tuesday, July 31st. Zacks Investment Research raised AppFolio from a “hold” rating to a “buy” rating and set a $85.00 target price on the stock in a report on Thursday, August 2nd. BidaskClub raised AppFolio from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 16th. Finally, TheStreet downgraded AppFolio from a “b-” rating to a “c+” rating in a report on Thursday, November 1st. Three analysts have rated the stock with a sell rating and one has given a buy rating to the company’s stock. AppFolio currently has a consensus rating of “Hold” and an average target price of $70.50.

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AppFolio Company Profile

AppFolio, Inc provides industry-specific cloud-based software solutions for small and medium-sized businesses in the property management and legal industries. It offers AppFolio Property Manager, a cloud-based software solution for the real estate market that provides property managers of various sizes and tools and services designed to streamline their property management businesses, such as posting and tracking vacancies, leasing vacant properties, and accounting, as well as facilitating tenant, owner, and vendor communications.

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Institutional Ownership by Quarter for AppFolio (NASDAQ:APPF)

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