Oberndorf William E buys $17,548,822 stake in AppFolio Inc (APPF)

AppFolio Inc (APPF) : Oberndorf William E scooped up 13,442 additional shares in AppFolio Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 10, 2016. The investment management firm now holds a total of 1,381,797 shares of AppFolio Inc which is valued at $17,548,822.AppFolio Inc makes up approximately 39.61% of Oberndorf William E’s portfolio.

Other Hedge Funds, Including , Blackrock Fund Advisors reduced its stake in APPF by selling 7,879 shares or 5.15% in the most recent quarter. The Hedge Fund company now holds 145,175 shares of APPF which is valued at $1,843,723.New York State Common Retirement Fund reduced its stake in APPF by selling 7,379 shares or 62.12% in the most recent quarter. The Hedge Fund company now holds 4,500 shares of APPF which is valued at $55,845.Nationwide Fund Advisors boosted its stake in APPF in the latest quarter, The investment management firm added 90 additional shares and now holds a total of 3,325 shares of AppFolio Inc which is valued at $41,263. Lebenthal Lisanti Capital Growth sold out all of its stake in APPF during the most recent quarter. The investment firm sold 37,572 shares of APPF which is valued $466,269. Kornitzer Capital Management Inc Ks sold out all of its stake in APPF during the most recent quarter. The investment firm sold 66,511 shares of APPF which is valued $825,402.

AppFolio Inc closed down -0.15 points or -1.18% at $12.55 with 54,548 shares getting traded on Monday. Post opening the session at $12.75, the shares hit an intraday low of $12.395 and an intraday high of $13 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

Many Wall Street Analysts have commented on AppFolio Inc. Shares were Downgraded by Morgan Stanley on May 13, 2016 to ” Equal-Weight” and Lowered the Price Target to $ 15 from a previous price target of $18 .

AppFolio Inc. is a provider of cloud-based software solutions for small and medium-sized businesses (SMBs) in the property management and legal industries or verticals. The Company’s mobile-optimized software solutions have an interface across multiple devices enabling its customers to work at any time and from anywhere. The Company’s property management software provides small and medium-sized property managers with an end-to-end solution to their business needs enabling them to manage properties in a single integrated environment. The Company’s legal software provides solo practitioners and small law firms with a streamlined practice and case management solution allowing them to manage their practices and case load within a flexible system. The Company also offers its professionally designed Websites and electronic payment services to property manager and law firm customers.

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