AppFolio, Inc. (NASDAQ:APPF) Shares Sold by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. reduced its position in AppFolio, Inc. (NASDAQ:APPFFree Report) by 4.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,504 shares of the software maker’s stock after selling 273 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in AppFolio were worth $1,188,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of APPF. MetLife Investment Management LLC grew its position in shares of AppFolio by 56.4% during the first quarter. MetLife Investment Management LLC now owns 9,835 shares of the software maker’s stock worth $1,113,000 after buying an additional 3,545 shares in the last quarter. Rhumbline Advisers grew its position in shares of AppFolio by 2.8% during the first quarter. Rhumbline Advisers now owns 19,928 shares of the software maker’s stock worth $2,256,000 after buying an additional 535 shares in the last quarter. Blair William & Co. IL grew its position in shares of AppFolio by 2.3% during the first quarter. Blair William & Co. IL now owns 72,954 shares of the software maker’s stock worth $8,259,000 after buying an additional 1,664 shares in the last quarter. Ergoteles LLC acquired a new position in shares of AppFolio during the first quarter worth about $228,000. Finally, Federated Hermes Inc. purchased a new stake in AppFolio during the first quarter worth approximately $39,000. 48.96% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently weighed in on APPF. JPMorgan Chase & Co. boosted their target price on AppFolio from $228.00 to $237.00 and gave the stock an “overweight” rating in a research note on Friday, January 26th. Stephens restated an “overweight” rating and set a $241.00 target price on shares of AppFolio in a research note on Friday, January 26th. StockNews.com cut AppFolio from a “buy” rating to a “hold” rating in a research note on Thursday, December 21st. DA Davidson boosted their target price on AppFolio from $230.00 to $240.00 and gave the stock a “buy” rating in a research note on Friday, October 27th. Finally, BTIG Research assumed coverage on AppFolio in a research note on Friday, January 19th. They issued a “buy” rating and a $215.00 price objective for the company. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $237.40.

Check Out Our Latest Research Report on AppFolio

AppFolio Trading Up 2.5 %

Shares of APPF opened at $233.32 on Thursday. The stock has a market cap of $8.34 billion, a P/E ratio of 7,779.93 and a beta of 0.81. The company has a 50-day moving average of $186.69 and a two-hundred day moving average of $186.03. AppFolio, Inc. has a 12-month low of $113.58 and a 12-month high of $234.79.

Insider Activity

In related news, insider Matthew S. Mazza sold 4,590 shares of the business’s stock in a transaction that occurred 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 sale, the insider now directly owns 41,299 shares in the company, valued at $8,317,618.60. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other AppFolio news, insider Matthew S. Mazza sold 4,590 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $201.40, for a total transaction of $924,426.00. Following the completion of the sale, the insider now directly owns 41,299 shares in the company, valued at $8,317,618.60. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO William Shane Trigg sold 7,430 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The stock was 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 owns 70,616 shares of the company’s stock, valued at $14,130,261.60. The disclosure for this sale can be found here. Company insiders own 9.15% of the company’s stock.

About AppFolio

(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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