Dragoneer Investment Group buys $37,423,087 stake in AppFolio Inc (APPF)

AppFolio Inc (APPF) : Dragoneer Investment Group scooped up 364,919 additional shares in AppFolio Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 2,057,344 shares of AppFolio Inc which is valued at $37,423,087.AppFolio Inc makes up approximately 7.93% of Dragoneer Investment Group’s portfolio.

Other Hedge Funds, Including , Two Sigma Investments Lp added APPF to its portfolio by purchasing 12,765 company shares during the most recent quarter which is valued at $232,195. Norges Bank sold out all of its stake in APPF during the most recent quarter. The investment firm sold 15,000 shares of APPF which is valued $272,850.Tiaa Cref Investment Management boosted its stake in APPF in the latest quarter, The investment management firm added 8,196 additional shares and now holds a total of 27,282 shares of AppFolio Inc which is valued at $496,260. Gsa Capital Partners Llp sold out all of its stake in APPF during the most recent quarter. The investment firm sold 36,790 shares of APPF which is valued $618,072.

AppFolio Inc closed down -0.07 points or -0.38% at $18.35 with 35,505 shares getting traded on Thursday. Post opening the session at $18.28, the shares hit an intraday low of $17.51 and an intraday high of $18.75 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

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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