Stone Ridge Asset Management LLC purchased a new position in AppFolio Inc (NASDAQ:APPF) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 8,962 shares of the software maker’s stock, valued at approximately $372,000.
Several other large investors also recently bought and sold shares of the company. Keenan Capital LLC bought a new position in shares of AppFolio in the 4th quarter worth $10,375,000. Renaissance Technologies LLC raised its stake in AppFolio by 32.8% during the 4th quarter. Renaissance Technologies LLC now owns 472,000 shares of the software maker’s stock worth $19,588,000 after buying an additional 116,600 shares during the period. AXA acquired a new stake in AppFolio during the 4th quarter worth $369,000. Alliancebernstein L.P. raised its stake in AppFolio by 431.9% during the 4th quarter. Alliancebernstein L.P. now owns 36,700 shares of the software maker’s stock worth $1,523,000 after buying an additional 29,800 shares during the period. Finally, Geode Capital Management LLC raised its stake in AppFolio by 11.3% during the 4th quarter. Geode Capital Management LLC now owns 130,445 shares of the software maker’s stock worth $5,413,000 after buying an additional 13,269 shares during the period. Institutional investors and hedge funds own 27.34% of the company’s stock.
In other AppFolio news, CEO Jason Robert Randall sold 25,000 shares of AppFolio stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $43.00, for a total value of $1,075,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director William R. Rauth III sold 20,000 shares of AppFolio stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $42.53, for a total value of $850,600.00. Following the completion of the sale, the director now directly owns 20,000 shares in the company, valued at approximately $850,600. The disclosure for this sale can be found here. Company insiders own 44.77% of the company’s stock.
Shares of AppFolio stock opened at $40.85 on Friday. The firm has a market cap of $1,391.68, a P/E ratio of 151.30 and a beta of 0.63. AppFolio Inc has a 12 month low of $25.05 and a 12 month high of $52.25.
AppFolio (NASDAQ:APPF) last issued its quarterly earnings data on Monday, February 26th. The software maker reported $0.07 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.09 by ($0.02). The business had revenue of $37.90 million for the quarter, compared to analyst estimates of $35.48 million. AppFolio had a return on equity of 12.48% and a net margin of 6.76%. The firm’s revenue was up 35.3% on a year-over-year basis. analysts expect that AppFolio Inc will post 0.37 earnings per share for the current fiscal year.
WARNING: “Stone Ridge Asset Management LLC Invests $372,000 in AppFolio Inc (APPF)” was posted by WKRB News and is the property of of WKRB News. If you are accessing this report on another publication, it was illegally stolen and republished in violation of United States & international copyright law. The correct version of this report can be accessed at https://www.wkrb13.com/2018/04/01/stone-ridge-asset-management-llc-invests-372000-in-appfolio-inc-appf.html.
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.
Want to see what other hedge funds are holding APPF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AppFolio Inc (NASDAQ:APPF).
Receive News & Ratings for AppFolio Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AppFolio and related companies with MarketBeat.com's FREE daily email newsletter.