AppFolio, Inc. (APPF) Holdings Held by Teachers Advisors LLC

Teachers Advisors LLC held its position in shares of AppFolio, Inc. (NASDAQ:APPF) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 13,194 shares of the software maker’s stock at the end of the 2nd quarter. Teachers Advisors LLC’s holdings in AppFolio were worth $430,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in APPF. Glynn Capital Management LLC purchased a new stake in AppFolio during the second quarter valued at about $8,150,000. Vanguard Group Inc. lifted its holdings in AppFolio by 25.3% during the first quarter. Vanguard Group Inc. now owns 386,278 shares of the software maker’s stock valued at $10,507,000 after purchasing an additional 78,048 shares during the last quarter. Chicago Equity Partners LLC purchased a new stake in AppFolio during the second quarter valued at about $1,173,000. Acadian Asset Management LLC purchased a new stake in AppFolio during the second quarter valued at about $877,000. Finally, Spark Investment Management LLC lifted its holdings in AppFolio by 159.4% during the second quarter. Spark Investment Management LLC now owns 37,100 shares of the software maker’s stock valued at $1,209,000 after purchasing an additional 22,800 shares during the last quarter. 22.52% of the stock is currently owned by institutional investors and hedge funds.

In related news, insider Jonathan Walker sold 30,000 shares of the company’s stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $44.58, for a total value of $1,337,400.00. Following the transaction, the insider now directly owns 1,554,025 shares in the company, valued at $69,278,434.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 44.77% of the stock is currently owned by corporate insiders.

Shares of AppFolio, Inc. (NASDAQ APPF) opened at $41.85 on Tuesday. AppFolio, Inc. has a 52-week low of $20.15 and a 52-week high of $52.25. The firm has a market capitalization of $1,422.34, a PE ratio of 261.88 and a beta of 0.70.

AppFolio (NASDAQ:APPF) last announced its quarterly earnings results on Monday, November 6th. The software maker reported $0.10 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.07 by $0.03. The firm had revenue of $37.90 million for the quarter, compared to analysts’ expectations of $36.16 million. AppFolio had a return on equity of 7.91% and a net margin of 4.37%. The firm’s quarterly revenue was up 34.6% on a year-over-year basis. equities analysts expect that AppFolio, Inc. will post 0.23 EPS for the current fiscal year.

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Several equities research analysts have commented on the stock. Zacks Investment Research raised shares of AppFolio from a “hold” rating to a “strong-buy” rating and set a $48.00 price objective on the stock in a report on Thursday, November 9th. KeyCorp reiterated a “hold” rating on shares of AppFolio in a research report on Monday, November 6th. BidaskClub upgraded AppFolio from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 17th. Morgan Stanley upped their price target on AppFolio from $33.00 to $38.00 and gave the company an “equal weight” rating in a research report on Tuesday, August 8th. Finally, Credit Suisse Group reiterated a “neutral” rating and set a $35.00 price target (up from $27.00) on shares of AppFolio in a research report on Tuesday, August 8th. Four research analysts have rated the stock with a hold rating, one has given a buy rating and two have issued a strong buy rating to the stock. AppFolio has an average rating of “Buy” and an average target price of $40.33.

AppFolio Company Profile

AppFolio, Inc is a provider of industry-specific, cloud-based software solutions for small and medium-sized businesses (SMBs) in the property management and legal industries. The Company’s mobile-optimized software solutions enable its customers to work at any time and from anywhere across multiple devices.

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Institutional Ownership by Quarter for AppFolio (NASDAQ:APPF)

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