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Two firms bought significant shares in AppFolio, despite its recent loss and "Hold" rating.
Two investment firms have recently acquired shares of AppFolio, Inc., a provider of cloud-based business management solutions for real estate in the U.S. Looms Sayles & Co. bought 2,936 shares valued at $724,000, and Congress Wealth Management LLC DE purchased 916 shares worth $226,000.
AppFolio's latest earnings report showed a loss, with EPS at $0.58, missing expectations of $0.92.
The stock has a market cap of $8.06 billion and is currently rated "Hold" with an average target price of $276.29.
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Dos empresas compraron acciones significativas en AppFolio, a pesar de su reciente pérdida y calificación de "Hold".