AppFolio, Inc. (NASDAQ:APPF) Shares Sold by Ingalls & Snyder LLC

Ingalls & Snyder LLC decreased its holdings in AppFolio, Inc. (NASDAQ:APPFGet Rating) by 0.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 33,303 shares of the software maker’s stock after selling 218 shares during the quarter. Ingalls & Snyder LLC owned 0.10% of AppFolio worth $4,032,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. FMR LLC purchased a new position in AppFolio during the 1st quarter worth approximately $4,105,000. OLD Mission Capital LLC purchased a new position in AppFolio during the 3rd quarter worth approximately $270,000. Commonwealth Equity Services LLC grew its position in AppFolio by 31.1% during the 3rd quarter. Commonwealth Equity Services LLC now owns 1,874 shares of the software maker’s stock worth $225,000 after purchasing an additional 445 shares in the last quarter. Raymond James & Associates grew its position in AppFolio by 2.0% during the 3rd quarter. Raymond James & Associates now owns 4,283 shares of the software maker’s stock worth $516,000 after purchasing an additional 84 shares in the last quarter. Finally, Swiss National Bank grew its position in AppFolio by 5.0% during the 3rd quarter. Swiss National Bank now owns 37,700 shares of the software maker’s stock worth $4,539,000 after purchasing an additional 1,800 shares in the last quarter. Hedge funds and other institutional investors own 66.03% of the company’s stock.

A number of equities research analysts have issued reports on APPF shares. StockNews.com raised shares of AppFolio from a “sell” rating to a “hold” rating in a research note on Tuesday, May 10th. Zacks Investment Research raised shares of AppFolio from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 3rd. Stephens raised shares of AppFolio from an “underweight” rating to an “equal weight” rating and lifted their price objective for the company from $105.00 to $107.00 in a research note on Tuesday, February 8th. Finally, KeyCorp raised shares of AppFolio from a “sector weight” rating to an “overweight” rating and set a $143.00 price objective for the company in a research note on Friday, April 8th.

APPF traded down $2.43 during trading on Tuesday, hitting $87.33. The stock had a trading volume of 157,358 shares, compared to its average volume of 135,664. The firm has a market cap of $3.04 billion, a PE ratio of -223.15 and a beta of 1.03. AppFolio, Inc. has a 12 month low of $79.92 and a 12 month high of $150.78. The company has a 50 day simple moving average of $108.62 and a 200-day simple moving average of $116.36.

AppFolio (NASDAQ:APPFGet Rating) last posted its quarterly earnings data on Monday, May 9th. The software maker reported ($0.41) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.36). AppFolio had a negative return on equity of 4.72% and a negative net margin of 3.56%. During the same quarter in the prior year, the company posted $0.01 EPS. As a group, research analysts forecast that AppFolio, Inc. will post -0.01 EPS for the current year.

AppFolio Company Profile (Get Rating)

AppFolio, Inc, together with its subsidiaries, provides cloud business management solutions for the real estate industry. The company offers AppFolio Property Manager, a platform to leverage process automation, easy to use interface, and the optimization of common workflows for property management companies, as well as completes and records critical transactions in the system and give its customers access to the data they need to run their business; AppFolio Property Manager Plus, which offers customizable workflows that allow customers to digitize their existing processes, performance insights, intelligent revenue management, and integrations through selected partners and dedicated strategic account managers; and AppFolio Investment Management, a solution that is designed to enable real estate investment management organizations to manage investor relationships through enhancing transparency and streamlining certain business processes.

Further Reading

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Institutional Ownership by Quarter for AppFolio (NASDAQ:APPF)

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