AppFolio (NASDAQ:APPF) Given New $290.00 Price Target at Keefe, Bruyette & Woods

AppFolio (NASDAQ:APPF) had its price target trimmed by Keefe, Bruyette & Woods from $311.00 to $290.00 in a report published on Friday,Benzinga reports. The brokerage currently has an outperform rating on the software maker’s stock.

APPF has been the subject of a number of other research reports. KeyCorp reiterated an “overweight” rating on shares of AppFolio in a report on Tuesday, December 16th. UBS Group set a $260.00 price objective on shares of AppFolio and gave the stock a “buy” rating in a research note on Friday. William Blair reissued an “outperform” rating on shares of AppFolio in a research note on Friday. Weiss Ratings lowered shares of AppFolio from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, January 16th. Finally, DA Davidson reiterated a “buy” rating and set a $325.00 price target on shares of AppFolio in a report on Wednesday, November 19th. Eight investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $270.83.

AppFolio Stock Down 8.3%

AppFolio stock opened at $189.88 on Friday. The company’s 50-day moving average price is $227.08 and its 200-day moving average price is $249.51. AppFolio has a twelve month low of $186.45 and a twelve month high of $326.04. The company has a market cap of $6.82 billion, a PE ratio of 48.94 and a beta of 0.78.

AppFolio (NASDAQ:APPF) last announced its quarterly earnings results on Thursday, January 29th. The software maker reported $1.39 EPS for the quarter, beating analysts’ consensus estimates of $1.22 by $0.17. The firm had revenue of $248.19 million during the quarter, compared to the consensus estimate of $246.56 million. AppFolio had a net margin of 14.82% and a return on equity of 30.90%. The firm’s revenue for the quarter was up 21.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.92 EPS. As a group, sell-side analysts expect that AppFolio will post 3.96 earnings per share for the current fiscal year.

Insider Activity

In other news, General Counsel Evan Pickering sold 334 shares of AppFolio stock in a transaction that occurred on Friday, November 14th. The shares were sold at an average price of $243.67, for a total transaction of $81,385.78. Following the completion of the sale, the general counsel owned 2,969 shares of the company’s stock, valued at approximately $723,456.23. The trade was a 10.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO William Shane Trigg sold 3,947 shares of the stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $240.45, for a total value of $949,056.15. Following the completion of the transaction, the chief executive officer directly owned 51,530 shares in the company, valued at approximately $12,390,388.50. This trade represents a 7.11% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 8,745 shares of company stock valued at $2,097,550. Corporate insiders own 4.68% of the company’s stock.

Institutional Trading of AppFolio

Several institutional investors and hedge funds have recently made changes to their positions in APPF. Root Financial Partners LLC bought a new position in AppFolio during the 3rd quarter worth about $31,000. TD Private Client Wealth LLC lifted its position in shares of AppFolio by 2,116.7% in the 3rd quarter. TD Private Client Wealth LLC now owns 133 shares of the software maker’s stock worth $37,000 after purchasing an additional 127 shares during the period. First Horizon Corp bought a new position in shares of AppFolio during the third quarter valued at approximately $39,000. Hantz Financial Services Inc. increased its holdings in AppFolio by 373.3% during the third quarter. Hantz Financial Services Inc. now owns 142 shares of the software maker’s stock valued at $39,000 after buying an additional 112 shares during the period. Finally, Huntington National Bank raised its stake in AppFolio by 58.7% in the second quarter. Huntington National Bank now owns 200 shares of the software maker’s stock worth $46,000 after buying an additional 74 shares in the last quarter. 85.19% of the stock is currently owned by institutional investors.

Key Stories Impacting AppFolio

Here are the key news stories impacting AppFolio this week:

• Positive Sentiment: Q4 results topped expectations — EPS $1.39 vs. $1.22 est., revenue $248.2M vs. $246.6M, and revenue +21.7% YoY. Solid margins and ROE were highlighted in the release. AppFolio Q4 results
• Positive Sentiment: Some investors / analysts view the post‑earnings dip as a buying opportunity: a recent write‑up upgrades APPF to “Buy,” pointing to FY26 guidance implying ~17% revenue growth, margin expansion, and a compressed multiple vs. history. Seeking Alpha upgrade
• Positive Sentiment: Management set FY2026 revenue targets (~$1.10B–$1.12B) and emphasized AI‑driven growth and premium‑tier adoption as drivers — a growth narrative that could support upside if execution accelerates. MSN: FY2026 revenue target
• Neutral Sentiment: Company issued FY2026 guidance (revenue target provided; EPS guidance was unclear in some summaries). Guidance will be the main driver to watch as investors parse growth vs. margin trajectory. AppFolio press release / prepared remarks
• Negative Sentiment: Multiple firms lowered price targets the same day (JPMorgan $330→$300; DA Davidson $325→$275; Piper Sandler $350→$245; Keefe Bruyette & Woods $311→$290). Those cuts (even with continued “buy/overweight” stances) likely pressured the stock by tempering near‑term upside expectations. Analyst price target cuts (Benzinga)
• Negative Sentiment: Market reaction: shares initially slipped after guidance despite the beat, with coverage noting the revenue outlook disappointed some investors — adding selling pressure and higher volume. Investing.com: shares slip after guidance

About AppFolio

AppFolio, Inc is a Santa Barbara–based provider of cloud-based software solutions for the property management and legal industries. Founded in 2006 by former software executives, the company went public on the NASDAQ under the symbol APPF in 2015. Its original offering, AppFolio Property Manager, automates accounting, marketing, leasing, and maintenance functions for residential, commercial, student housing, and community association managers.

In 2019, AppFolio expanded its portfolio with the acquisition of MyCase, a web-based legal practice management platform for small to mid-size law firms.