OxFORD Asset Management LLP Grows Position in AppFolio Inc (APPF)

OxFORD Asset Management LLP lifted its stake in AppFolio Inc (NASDAQ:APPF) by 26.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 98,400 shares of the software maker’s stock after buying an additional 20,288 shares during the period. OxFORD Asset Management LLP owned about 0.29% of AppFolio worth $4,630,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in APPF. Sei Investments Co. lifted its stake in shares of AppFolio by 50,928.6% in the second quarter. Sei Investments Co. now owns 3,572 shares of the software maker’s stock valued at $117,000 after buying an additional 3,565 shares during the period. American International Group Inc. lifted its stake in shares of AppFolio by 7.2% in the first quarter. American International Group Inc. now owns 4,683 shares of the software maker’s stock valued at $127,000 after buying an additional 314 shares during the period. UBS Group AG lifted its stake in shares of AppFolio by 232.9% in the first quarter. UBS Group AG now owns 5,187 shares of the software maker’s stock valued at $142,000 after buying an additional 3,629 shares during the period. Russell Investments Group Ltd. bought a new stake in shares of AppFolio in the second quarter valued at about $178,000. Finally, Parametric Portfolio Associates LLC bought a new stake in shares of AppFolio in the second quarter valued at about $214,000. Institutional investors and hedge funds own 24.85% of the company’s stock.

Several equities research analysts recently weighed in on APPF shares. Zacks Investment Research raised shares of AppFolio from a “hold” rating to a “buy” rating and set a $57.00 price target for the company in a research report on Tuesday, October 17th. KeyCorp reissued a “buy” rating on shares of AppFolio in a research report on Friday, August 11th. Morgan Stanley increased their price target on shares of AppFolio from $33.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Tuesday, August 8th. Credit Suisse Group reissued a “neutral” rating and issued a $35.00 price target (up previously from $27.00) on shares of AppFolio in a research report on Tuesday, August 8th. Finally, BidaskClub raised shares of AppFolio from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 17th. Four equities 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 company. AppFolio presently has an average rating of “Buy” and a consensus target price of $43.00.

AppFolio Inc (APPF) opened at $41.05 on Wednesday. AppFolio Inc has a 52-week low of $21.40 and a 52-week high of $52.25. The stock has a market cap of $1,420.64, a PE ratio of 261.56 and a beta of 0.61.

AppFolio (NASDAQ:APPF) last posted its quarterly earnings results on Monday, November 6th. The software maker reported $0.10 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $0.03. AppFolio had a net margin of 4.37% and a return on equity of 7.91%. The firm had revenue of $37.90 million during the quarter, compared to analyst estimates of $36.16 million. The company’s revenue for the quarter was up 34.6% compared to the same quarter last year. equities research analysts anticipate that AppFolio Inc will post 0.25 earnings per share for the current fiscal year.

In other news, insider Jonathan Walker sold 30,000 shares of the firm’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 transaction of $1,337,400.00. Following the completion of the sale, the insider now owns 1,554,025 shares of the company’s stock, valued at $69,278,434.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Janet Kerr sold 1,576 shares of the firm’s stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $43.08, for a total transaction of $67,894.08. Following the sale, the director now directly owns 17,189 shares of the company’s stock, valued at approximately $740,502.12. The disclosure for this sale can be found here. Corporate insiders own 44.77% of the company’s stock.

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About AppFolio

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.

Institutional Ownership by Quarter for AppFolio (NASDAQ:APPF)

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