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.
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.
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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