D. E. Shaw & Co. Inc. Sells 2,792 Shares of AppFolio, Inc. (NASDAQ:APPF)

D. E. Shaw & Co. Inc. lowered its position in shares of AppFolio, Inc. (NASDAQ:APPF - Free Report) by 6.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,145 shares of the software maker's stock after selling 2,792 shares during the quarter. D. E. Shaw & Co. Inc. owned 0.11% of AppFolio worth $9,658,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Exchange Traded Concepts LLC increased its stake in AppFolio by 6.6% in the 4th quarter. Exchange Traded Concepts LLC now owns 642 shares of the software maker's stock valued at $158,000 after buying an additional 40 shares during the period. Independent Advisor Alliance increased its stake in AppFolio by 2.1% in the 4th quarter. Independent Advisor Alliance now owns 2,607 shares of the software maker's stock valued at $643,000 after buying an additional 53 shares during the period. Treasurer of the State of North Carolina increased its stake in AppFolio by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 9,960 shares of the software maker's stock valued at $2,457,000 after buying an additional 60 shares during the period. Nisa Investment Advisors LLC increased its stake in AppFolio by 11.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 616 shares of the software maker's stock valued at $152,000 after buying an additional 65 shares during the period. Finally, Jones Financial Companies Lllp increased its stake in AppFolio by 60.4% in the 4th quarter. Jones Financial Companies Lllp now owns 247 shares of the software maker's stock valued at $61,000 after buying an additional 93 shares during the period. Institutional investors and hedge funds own 85.19% of the company's stock.

AppFolio Stock Up 3.1%

Shares of APPF traded up $6.48 during mid-day trading on Friday, hitting $218.91. 263,350 shares of the company's stock were exchanged, compared to its average volume of 271,707. The firm has a fifty day moving average of $217.02 and a two-hundred day moving average of $231.31. AppFolio, Inc. has a twelve month low of $189.01 and a twelve month high of $274.56. The stock has a market cap of $7.89 billion, a price-to-earnings ratio of 39.44 and a beta of 0.99.

AppFolio (NASDAQ:APPF - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The software maker reported $1.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.23 by ($0.02). The firm had revenue of $217.70 million for the quarter, compared to the consensus estimate of $220.95 million. AppFolio had a return on equity of 26.21% and a net margin of 25.69%. AppFolio's quarterly revenue was up 15.9% on a year-over-year basis. During the same period in the prior year, the company posted $1.05 earnings per share. On average, equities analysts predict that AppFolio, Inc. will post 3.96 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have weighed in on APPF shares. Keefe, Bruyette & Woods dropped their price objective on shares of AppFolio from $210.00 to $205.00 and set an "underweight" rating on the stock in a research note on Friday, April 25th. William Blair reiterated an "outperform" rating on shares of AppFolio in a research note on Friday, January 31st. DA Davidson upgraded shares of AppFolio to a "strong-buy" rating in a research note on Tuesday, May 13th. Piper Sandler restated a "neutral" rating and set a $265.00 price target on shares of AppFolio in a research note on Wednesday, April 23rd. Finally, Stephens restated an "overweight" rating and set a $295.00 price target on shares of AppFolio in a research note on Friday, January 31st. One analyst has rated the stock with a sell rating, three have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $274.43.

Insider Buying and Selling

In related news, CEO William Shane Trigg sold 3,501 shares of the company's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $217.27, for a total transaction of $760,662.27. Following the completion of the sale, the chief executive officer now directly owns 83,824 shares of the company's stock, valued at approximately $18,212,440.48. This represents a 4.01% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 5.24% of the stock is owned by insiders.

AppFolio Company Profile

AppFolio, Inc, together with its subsidiaries, provides cloud business management solutions for the real estate industry in the United States. The company provides a cloud-based platform that enables users to automate and optimize common workflows; tools that assist with leasing, maintenance, and accounting; and other technology and services offered by third parties.