Versor Investments LP Invests $277,000 in AppFolio, Inc. (NASDAQ:APPF)

Versor Investments LP acquired a new stake in AppFolio, Inc. (NASDAQ:APPFFree Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 1,600 shares of the software maker’s stock, valued at approximately $277,000.

Other institutional investors have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC boosted its stake in AppFolio by 497.7% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 43,552 shares of the software maker’s stock valued at $7,545,000 after buying an additional 36,265 shares in the last quarter. Long Walk Management LP boosted its stake in shares of AppFolio by 62.7% in the 4th quarter. Long Walk Management LP now owns 122,000 shares of the software maker’s stock valued at $21,135,000 after purchasing an additional 47,000 shares in the last quarter. WCM Investment Management LLC bought a new stake in shares of AppFolio during the 4th quarter valued at approximately $12,941,000. Syon Capital LLC acquired a new position in AppFolio during the 4th quarter worth approximately $9,930,000. Finally, Assenagon Asset Management S.A. lifted its stake in AppFolio by 103.1% in the 4th quarter. Assenagon Asset Management S.A. now owns 34,881 shares of the software maker’s stock valued at $6,043,000 after purchasing an additional 17,706 shares during the last quarter. 62.34% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at AppFolio

In other news, Director Olivia Nottebohm sold 989 shares of the 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 $461,500.75. The transaction was disclosed in a filing with the SEC, which is available at this link. In other news, Director Timothy K. Bliss sold 10,000 shares of the business’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $227.24, for a total value of $2,272,400.00. Following the transaction, the director now directly owns 51,070 shares of the company’s stock, valued at approximately $11,605,146.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Olivia Nottebohm sold 989 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The stock was 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 of the company’s stock, valued at approximately $461,500.75. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 17,620 shares of company stock worth $4,062,610. Company insiders own 9.15% of the company’s stock.

AppFolio Price Performance

AppFolio stock opened at $247.19 on Wednesday. The firm has a market cap of $8.95 billion, a P/E ratio of 119.42 and a beta of 0.79. The stock’s 50 day moving average is $230.94 and its 200 day moving average is $210.29. AppFolio, Inc. has a one year low of $138.49 and a one year high of $256.73.

Analysts Set New Price Targets

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

Check Out Our Latest Research Report on APPF

About AppFolio

(Free Report)

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.

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Institutional Ownership by Quarter for AppFolio (NASDAQ:APPF)

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