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Jump Financial LLC invests $345,000 in AppFolio, Inc. (NASDAQ:APPF)

Jump Financial LLC invests $345,000 in AppFolio, Inc. (NASDAQ:APPF)

Jump Financial LLC initiated a new position in AppFolio, INC (NASDAQ: APPF) during the third quarter, as indicated by the most recent filing with the SEC.

The institutional investor’s purchase of 3,300 shares in the software company cost $345,000 in cash.

There have also been transactions that involved hedge funds and other institutional investors buying and selling corporate stock.

These transactions have taken place.

The amount of AppFolio stock owned by US Bancorp DE increased by 206.7% during the second quarter due to the company’s acquisition of additional shares. US Bancorp DE now has 322 software maker’s stock shares, which are currently valued at $29,000 after purchasing an additional 217 shares during the most recent quarter.

This brings the total number of shares that the company owns to 322.

During the first three months of 2018, Federated Hermes INC provided AppFolio with an investment of approximately $39,000 in the company. Castle Wealth Management LLC invested approximately 56,000 dollars during the second quarter to acquire a new interest in AppFolio. Nisa Investment Advisors LLC increased its proportion of AppFolio stock ownership by 115.2% during the second quarter.

As a result of the purchase of 440 additional shares during the most recent quarter, Nisa Investment Advisors LLC now directly owns 822 shares of the software manufacturer’s stock.

The stock carries a value of $75,000, and Nisa Investment Advisors LLC has a stake in it equal to that amount.
Last but not least, during the first quarter of 2018, Quantbot Technologies LP purchased a new investment in AppFolio, paying approximately $167,000.

This acquisition should not be considered the least significant.

Institutional investors and hedge funds currently own 64.79 percent of the company’s stock.
The price of APPF shares hit an all-time high of $122.12 per share on Wednesday, setting a new record.

AppFolio, INC hit a low point over the past year of operations of $79.92, while the company reached a 52-week high of $127.74.

The stock’s current price of $109.16 is lower than its fifty-day and 200-day moving averages, which are currently at $112.08 and $112.08, respectively.

The company has a price-to-earnings ratio of -62.63, and its beta value is 1.02.

The market capitalization of the company is $4.29 billion.
Throughout the past few weeks, various analysts have provided their perspectives on the stock.

In a research note published on January 24, DA Davidson upgraded AppFolio from a “neutral” rating to an “outperform” rating and raised their price objective on the stock from $95.00 to $100.00.

In a research note published on Friday, January 27, KeyCorp upgraded AppFolio to an “overweight” rating and increased its price objective on the stock from $131.00 to $140.00.

Both of these changes were made.

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