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

D. E. Shaw & Co. Inc. lessened its holdings in shares of AppFolio, Inc. (NASDAQ:APPF - Free Report) by 6.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 39,145 shares of the software maker's stock after selling 2,792 shares during the period. D. E. Shaw & Co. Inc. owned approximately 0.11% of AppFolio worth $9,658,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Colonial Trust Co SC bought a new stake in shares of AppFolio in the fourth quarter valued at about $28,000. Crestline Management LP bought a new stake in shares of AppFolio during the fourth quarter valued at approximately $296,000. Captrust Financial Advisors raised its stake in shares of AppFolio by 27.5% in the fourth quarter. Captrust Financial Advisors now owns 5,577 shares of the software maker's stock valued at $1,376,000 after purchasing an additional 1,203 shares in the last quarter. Baker Avenue Asset Management LP raised its stake in shares of AppFolio by 4.5% in the fourth quarter. Baker Avenue Asset Management LP now owns 22,440 shares of the software maker's stock valued at $5,536,000 after purchasing an additional 957 shares in the last quarter. Finally, Algert Global LLC boosted its stake in AppFolio by 126.1% during the fourth quarter. Algert Global LLC now owns 54,209 shares of the software maker's stock worth $13,374,000 after buying an additional 30,235 shares in the last quarter. Institutional investors and hedge funds own 85.19% of the company's stock.

Analyst Ratings Changes

APPF has been the subject of several analyst reports. Keefe, Bruyette & Woods cut their target price on AppFolio from $210.00 to $205.00 and set an "underweight" rating for the company in a research report on Friday, April 25th. DA Davidson raised shares of AppFolio to a "strong-buy" rating in a report on Tuesday, May 13th. Stephens restated an "overweight" rating and issued a $295.00 price target on shares of AppFolio in a research report on Friday, January 31st. Piper Sandler reaffirmed a "neutral" rating and set a $265.00 price target on shares of AppFolio in a report on Wednesday, April 23rd. Finally, William Blair reissued an "outperform" rating on shares of AppFolio in a research note on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, AppFolio presently has an average rating of "Moderate Buy" and an average price target of $274.43.

AppFolio Trading Up 0.6%

Shares of APPF traded up $1.39 during trading hours on Tuesday, hitting $215.99. 26,367 shares of the stock traded hands, compared to its average volume of 270,674. The business has a fifty day moving average of $217.11 and a 200-day moving average of $231.51. The firm has a market capitalization of $7.78 billion, a PE ratio of 38.92 and a beta of 0.99. AppFolio, Inc. has a 1-year low of $189.01 and a 1-year high of $274.56.

AppFolio (NASDAQ:APPF - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The software maker reported $1.21 earnings per share 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%. The business's revenue for the quarter was up 15.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.05 earnings per share. As a group, equities research analysts expect that AppFolio, Inc. will post 3.96 earnings per share for the current fiscal year.

About AppFolio

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.