Pacific Crest reaffirmed their hold rating on shares of AppFolio Inc. (NASDAQ:APPF) in a research report report published on Tuesday morning.

“AppFolio Receives a Hold from Pacific Crest | Analyst Ratings

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Home » AppFolio Receives a Hold from Pacific Crest,” Pacific Crest’s analyst wrote.

Several other research analysts also recently commented on APPF. Zacks Investment Research downgraded AppFolio from a buy rating to a hold rating in a research note on Tuesday, July 12th. Credit Suisse Group AG began coverage on AppFolio in a report on Tuesday, August 9th. They issued a hold rating and a $18.00 target price for the company. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus price target of $17.67.

Shares of AppFolio (NASDAQ:APPF) opened at 19.70 on Tuesday. AppFolio has a 52-week low of $11.07 and a 52-week high of $19.98. The stock’s 50 day moving average price is $19.11 and its 200 day moving average price is $16.46. The company’s market capitalization is $662.83 million.

In related news, SVP Jason Robert Randall sold 7,500 shares of the firm’s stock in a transaction dated Friday, September 30th. The stock was sold at an average price of $19.44, for a total transaction of $145,800.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jonathan Walker sold 60,000 shares of the firm’s stock in a transaction dated Friday, August 19th. The shares were sold at an average price of $18.00, for a total value of $1,080,000.00. Following the transaction, the insider now owns 60,000 shares of the company’s stock, valued at $1,080,000. The disclosure for this sale can be found here.

Institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of AppFolio by 66.3% in the second quarter. Vanguard Group Inc. now owns 244,405 shares of the company’s stock worth $3,534,000 after buying an additional 97,398 shares during the period. BlackRock Fund Advisors boosted its position in shares of AppFolio by 35.6% in the second quarter. BlackRock Fund Advisors now owns 196,806 shares of the company’s stock worth $2,846,000 after buying an additional 51,631 shares during the period. Laurion Capital Management LP purchased a new position in shares of AppFolio during the third quarter worth approximately $754,000. Spark Investment Management LLC purchased a new position in shares of AppFolio during the third quarter worth approximately $505,000. Finally, Rathbone Brothers plc purchased a new position in shares of AppFolio during the third quarter worth approximately $267,000. Institutional investors own 13.39% of the company’s stock.

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.

5 Day Chart for NASDAQ:APPF

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