Raymond James & Associates Has $818,000 Stock Holdings in AppFolio, Inc. (NASDAQ:APPF)

Raymond James & Associates trimmed its position in AppFolio, Inc. (NASDAQ:APPFFree Report) by 1.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,479 shares of the software maker’s stock after selling 73 shares during the quarter. Raymond James & Associates’ holdings in AppFolio were worth $818,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Fred Alger Management LLC grew its holdings in shares of AppFolio by 623.8% during the 4th quarter. Fred Alger Management LLC now owns 497,164 shares of the software maker’s stock worth $52,391,000 after purchasing an additional 428,479 shares in the last quarter. Norges Bank acquired a new stake in shares of AppFolio during the 4th quarter worth $17,253,000. Nellore Capital Management LLC acquired a new stake in shares of AppFolio during the 1st quarter worth $16,069,000. Driehaus Capital Management LLC acquired a new stake in shares of AppFolio during the 2nd quarter worth $23,042,000. Finally, Renaissance Technologies LLC grew its holdings in shares of AppFolio by 495.1% during the 2nd quarter. Renaissance Technologies LLC now owns 108,900 shares of the software maker’s stock worth $9,871,000 after purchasing an additional 90,600 shares in the last quarter. 48.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on APPF shares. JPMorgan Chase & Co. increased their target price on AppFolio from $228.00 to $237.00 and gave the stock an “overweight” rating in a report on Friday, January 26th. KeyCorp upped their price objective on AppFolio from $240.00 to $254.00 and gave the stock an “overweight” rating in a research report on Tuesday. BTIG Research initiated coverage on AppFolio in a research report on Friday, January 19th. They set a “buy” rating and a $215.00 price objective for the company. DA Davidson upped their price objective on AppFolio from $230.00 to $240.00 and gave the stock a “buy” rating in a research report on Friday, October 27th. Finally, Stephens restated an “overweight” rating and set a $241.00 price objective on shares of AppFolio in a research report on Friday, January 26th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, AppFolio currently has an average rating of “Moderate Buy” and a consensus target price of $237.40.

Check Out Our Latest Analysis on AppFolio

AppFolio Trading Down 1.8 %

AppFolio stock opened at $225.46 on Wednesday. The company has a market capitalization of $8.06 billion, a PE ratio of 7,517.84 and a beta of 0.80. AppFolio, Inc. has a 12 month low of $110.25 and a 12 month high of $231.02. The stock has a 50-day moving average price of $182.76 and a two-hundred day moving average price of $184.48.

Insider Buying and Selling at AppFolio

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

AppFolio Profile

(Free Report)

AppFolio, Inc, together with its subsidiaries, provides cloud business management solutions for the real estate industry. The company offers AppFolio Property Manager, a platform to leverage process automation, easy to use interface, and the optimization of common workflows for property management companies, as well as completes and records critical transactions in the system and give its customers access to the data they need to run their business; AppFolio Property Manager Plus, which offers customizable workflows that allow customers to digitize their existing processes, performance insights, intelligent revenue management, and integrations through selected partners and dedicated strategic account managers; and AppFolio Investment Management, a solution that is designed to enable real estate investment management organizations to manage investor relationships through enhancing transparency and streamlining certain business processes.

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Institutional Ownership by Quarter for AppFolio (NASDAQ:APPF)

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