Ibex Investors LLC purchased a new stake in AppFolio Inc (NASDAQ:APPF) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,592 shares of the software maker’s stock, valued at approximately $203,000.

A number of other large investors also recently made changes to their positions in the business. Osterweis Capital Management Inc. boosted its holdings in AppFolio by 8.5% during the 3rd quarter. Osterweis Capital Management Inc. now owns 89,050 shares of the software maker’s stock valued at $6,982,000 after acquiring an additional 6,945 shares during the period. Renaissance Technologies LLC boosted its holdings in AppFolio by 8.7% during the 3rd quarter. Renaissance Technologies LLC now owns 544,000 shares of the software maker’s stock valued at $42,650,000 after acquiring an additional 43,600 shares during the period. JPMorgan Chase & Co. boosted its holdings in AppFolio by 482.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 17,442 shares of the software maker’s stock valued at $1,367,000 after acquiring an additional 14,445 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new position in AppFolio during the 3rd quarter valued at about $668,000. Finally, Dimensional Fund Advisors LP boosted its holdings in AppFolio by 32.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 215,935 shares of the software maker’s stock valued at $16,930,000 after acquiring an additional 52,532 shares during the period. 30.62% of the stock is owned by institutional investors.

APPF stock opened at $60.07 on Friday. The stock has a market capitalization of $2.08 billion, a price-to-earnings ratio of 214.54 and a beta of 1.41. AppFolio Inc has a 1 year low of $37.56 and a 1 year high of $91.49.

AppFolio (NASDAQ:APPF) last posted its quarterly earnings results on Monday, October 29th. The software maker reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.05). The company had revenue of $50.13 million during the quarter, compared to analyst estimates of $47.72 million. AppFolio had a net margin of 11.20% and a return on equity of 20.57%. The firm’s quarterly revenue was up 32.2% on a year-over-year basis. Equities research analysts expect that AppFolio Inc will post 0.63 earnings per share for the current fiscal year.

A number of equities analysts recently commented on the company. DA Davidson assumed coverage on AppFolio in a report on Wednesday. They set a “neutral” rating and a $66.00 target price for the company. BidaskClub upgraded AppFolio from a “sell” rating to a “hold” rating in a report on Tuesday, November 27th. Zacks Investment Research cut AppFolio from a “hold” rating to a “sell” rating in a report on Thursday, November 1st. Finally, TheStreet cut AppFolio from a “b-” rating to a “c+” rating in a report on Thursday, November 1st. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the stock. AppFolio has an average rating of “Hold” and a consensus target price of $69.00.

In other AppFolio news, Director William R. Rauth III sold 20,000 shares of the stock in a transaction dated Monday, October 15th. The stock was sold at an average price of $63.40, for a total value of $1,268,000.00. Following the sale, the director now owns 20,000 shares of the company’s stock, valued at approximately $1,268,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jonathan Walker sold 30,000 shares of the stock in a transaction dated Thursday, October 4th. The shares were sold at an average price of $73.03, for a total value of $2,190,900.00. Following the completion of the sale, the insider now directly owns 30,000 shares in the company, valued at approximately $2,190,900. The disclosure for this sale can be found here. 41.96% of the stock is owned by company insiders.

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About AppFolio

AppFolio, Inc provides industry-specific cloud-based software solutions for small and medium-sized businesses in the property management and legal industries. It offers AppFolio Property Manager, a cloud-based software solution for the real estate market that provides property managers of various sizes and tools and services designed to streamline their property management businesses, such as posting and tracking vacancies, leasing vacant properties, and accounting, as well as facilitating tenant, owner, and vendor communications.

Read More: Institutional Investors

Institutional Ownership by Quarter for AppFolio (NASDAQ:APPF)

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