Zurcher Kantonalbank Zurich Cantonalbank Has $757,000 Stock Position in AppFolio, Inc. (NASDAQ:APPF)

Zurcher Kantonalbank Zurich Cantonalbank raised its position in AppFolio, Inc. (NASDAQ:APPF) by 17.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,369 shares of the software maker’s stock after purchasing an additional 648 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in AppFolio were worth $757,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Meeder Asset Management Inc. bought a new stake in shares of AppFolio in the 4th quarter valued at approximately $85,000. First Foundation Advisors bought a new stake in AppFolio in the third quarter worth approximately $209,000. Handelsinvest Investeringsforvaltning bought a new stake in AppFolio in the fourth quarter worth approximately $240,000. Pathstone Family Office LLC acquired a new position in shares of AppFolio during the 3rd quarter worth $260,000. Finally, Quantbot Technologies LP bought a new position in shares of AppFolio during the 3rd quarter valued at $268,000. 62.34% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have commented on APPF shares. KeyCorp increased their target price on shares of AppFolio from $264.00 to $275.00 and gave the stock an “overweight” rating in a research report on Friday. BTIG Research initiated coverage on AppFolio in a research note on Friday, January 19th. They issued a “buy” rating and a $215.00 price objective on the stock. JPMorgan Chase & Co. upped their target price on AppFolio from $228.00 to $237.00 and gave the stock an “overweight” rating in a research report on Friday, January 26th. Keefe, Bruyette & Woods lifted their price target on shares of AppFolio from $215.00 to $238.00 and gave the company a “market perform” rating in a research report on Friday. Finally, Stephens restated an “overweight” rating and issued a $241.00 price objective on shares of AppFolio in a research note on Friday. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $241.00.

Insider Activity at AppFolio

In other AppFolio news, Director Olivia Nottebohm sold 989 shares of the firm’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $241.75, for a total value of $239,090.75. Following the sale, the director now directly owns 1,909 shares in the company, valued at approximately $461,500.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Blottnitz Andreas Von sold 4,500 shares of the firm’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $226.56, for a total value of $1,019,520.00. Following the completion of the transaction, the director now directly owns 5,449 shares of the company’s stock, valued at $1,234,525.44. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Olivia Nottebohm sold 989 shares of the business’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $241.75, for a total transaction of $239,090.75. Following the completion of the sale, the director now directly owns 1,909 shares in the company, valued at approximately $461,500.75. The disclosure for this sale can be found here. Insiders sold a total of 15,489 shares of company stock worth $3,531,011 in the last ninety days. 9.15% of the stock is currently owned by insiders.

AppFolio Trading Down 1.9 %

APPF opened at $238.05 on Tuesday. The business has a 50 day moving average of $229.69 and a 200-day moving average of $205.61. The stock has a market capitalization of $8.54 billion, a price-to-earnings ratio of 115.00 and a beta of 0.80. AppFolio, Inc. has a 1-year low of $133.83 and a 1-year high of $256.73.

AppFolio Company Profile

AppFolio, Inc, together with its subsidiaries, provides cloud business management solutions for the real estate industry in the United States. The company provides a cloud-based platform that enables users to automate and optimize common workflows; tools that assist with leasing, maintenance, and accounting; and other technology and services offered by third parties.