OxFORD Asset Management LLP Invests $2.55 Million in AppFolio, Inc. (APPF) Stock
OxFORD Asset Management LLP purchased a new position in AppFolio, Inc. (NASDAQ:APPF) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 78,112 shares of the software maker’s stock, valued at approximately $2,546,000. OxFORD Asset Management LLP owned about 0.23% of AppFolio as of its most recent SEC filing.
Other institutional investors and hedge funds also recently modified their holdings of the company. Sei Investments Co. lifted its position in AppFolio by 50,928.6% in the second quarter. Sei Investments Co. now owns 3,572 shares of the software maker’s stock worth $117,000 after buying an additional 3,565 shares during the last quarter. American International Group Inc. lifted its position in AppFolio by 7.2% in the first quarter. American International Group Inc. now owns 4,683 shares of the software maker’s stock worth $127,000 after buying an additional 314 shares during the last quarter. UBS Group AG lifted its position in AppFolio by 232.9% in the first quarter. UBS Group AG now owns 5,187 shares of the software maker’s stock worth $142,000 after buying an additional 3,629 shares during the last quarter. Russell Investments Group Ltd. bought a new stake in AppFolio in the second quarter worth $178,000. Finally, Parametric Portfolio Associates LLC bought a new stake in AppFolio in the second quarter worth $214,000. Institutional investors own 20.88% of the company’s stock.
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In other news, major shareholder Marc Stad sold 2,227 shares of the stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $36.75, for a total transaction of $81,842.25. Following the completion of the transaction, the insider now directly owns 73,153 shares in the company, valued at approximately $2,688,372.75. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Global Fund Ii L.P. Dragoneer sold 20,911 shares of the stock in a transaction on Thursday, July 13th. The stock was sold at an average price of $32.50, for a total value of $679,607.50. Following the transaction, the insider now owns 76,655 shares of the company’s stock, valued at $2,491,287.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 972,438 shares of company stock valued at $34,571,525. 44.77% of the stock is owned by company insiders.
A number of analysts recently issued reports on the company. KeyCorp restated a “buy” rating on shares of AppFolio in a research report on Friday, August 11th. Zacks Investment Research upgraded AppFolio from a “hold” rating to a “strong-buy” rating and set a $42.00 price target for the company in a research report on Thursday, August 10th. BidaskClub downgraded AppFolio from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 4th. Credit Suisse Group restated a “neutral” rating and issued a $35.00 price target (up from $27.00) on shares of AppFolio in a research report on Tuesday, August 8th. Finally, Morgan Stanley raised their price target on AppFolio from $33.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Tuesday, August 8th. Three investment analysts have rated the stock with a hold rating, two have issued a buy rating and two have issued a strong buy rating to the company. AppFolio presently has a consensus rating of “Buy” and a consensus target price of $38.33.
Shares of AppFolio, Inc. (APPF) opened at 49.55 on Thursday. AppFolio, Inc. has a 12 month low of $18.39 and a 12 month high of $49.95. The company has a market capitalization of $1.68 billion, a P/E ratio of 1598.39 and a beta of 0.76. The company has a 50-day moving average price of $46.39 and a 200-day moving average price of $46.39.
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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