Brokerages Set AppFolio, Inc. (NASDAQ:APPF) PT at $243.50

Shares of AppFolio, Inc. (NASDAQ:APPF) have been assigned an average recommendation of “Buy” from the twelve analysts that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation, nine have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $243.50.

A number of equities research analysts have recently weighed in on APPF shares. Weiss Ratings upgraded AppFolio from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday. DA Davidson set a $225.00 price target on AppFolio in a research note on Friday, July 24th. Wall Street Zen lowered AppFolio from a “buy” rating to a “hold” rating in a research note on Sunday, July 26th. Benchmark lifted their price target on shares of AppFolio from $222.00 to $226.00 and gave the company a “buy” rating in a report on Friday, April 24th. Finally, UBS Group set a $210.00 price objective on shares of AppFolio in a research report on Friday, April 24th.

Insider Activity

In related news, insider Don Rigler sold 150 shares of the business’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $195.87, for a total transaction of $29,380.50. Following the transaction, the insider owned 4,132 shares in the company, valued at $809,334.84. The trade was a 3.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, General Counsel Evan Pickering sold 322 shares of the business’s stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $200.06, for a total transaction of $64,419.32. Following the transaction, the general counsel owned 5,167 shares in the company, valued at $1,033,710.02. This represents a 5.87% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders have sold 130,869 shares of company stock valued at $24,649,909. Corporate insiders own 1.57% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in APPF. Woodline Partners LP lifted its stake in shares of AppFolio by 2.9% in the 1st quarter. Woodline Partners LP now owns 1,754 shares of the software maker’s stock valued at $386,000 after purchasing an additional 50 shares during the period. EverSource Wealth Advisors LLC grew its stake in AppFolio by 101.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 111 shares of the software maker’s stock worth $26,000 after purchasing an additional 56 shares during the period. Mercer Global Advisors Inc. ADV grew its stake in AppFolio by 4.8% in the third quarter. Mercer Global Advisors Inc. ADV now owns 1,263 shares of the software maker’s stock worth $348,000 after purchasing an additional 58 shares during the period. Northwestern Mutual Wealth Management Co. raised its holdings in AppFolio by 48.8% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 192 shares of the software maker’s stock worth $53,000 after purchasing an additional 63 shares in the last quarter. Finally, Northwestern Mutual Investment Management Company LLC raised its holdings in AppFolio by 1.3% in the fourth quarter. Northwestern Mutual Investment Management Company LLC now owns 5,162 shares of the software maker’s stock worth $1,201,000 after purchasing an additional 64 shares in the last quarter. Institutional investors own 85.19% of the company’s stock.

AppFolio Trading Up 0.1%

AppFolio stock opened at $204.21 on Friday. The firm has a 50-day moving average of $172.83 and a 200-day moving average of $170.72. The firm has a market cap of $7.23 billion, a P/E ratio of 46.62 and a beta of 0.78. AppFolio has a 1-year low of $142.56 and a 1-year high of $288.73.

AppFolio (NASDAQ:APPF) last announced its quarterly earnings results on Thursday, July 23rd. The software maker reported $1.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.69 by $0.02. The company had revenue of $281.12 million for the quarter, compared to the consensus estimate of $277.35 million. AppFolio had a return on equity of 32.42% and a net margin of 15.13%.AppFolio’s revenue was up 19.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.38 EPS. Research analysts forecast that AppFolio will post 5.16 earnings per share for the current fiscal year.

AppFolio News Roundup

Here are the key news stories impacting AppFolio this week:

• Positive Sentiment: AppFolio named Amazon Web Services its preferred cloud provider. Its Performance Platform runs on AWS, supporting the company’s AI-native architecture and Realm AI suite. The arrangement could strengthen AppFolio’s technology infrastructure and improve its ability to deliver AI features to property-management customers. AppFolio names AWS preferred cloud provider
• Positive Sentiment: Zacks said growth investors should not overlook AppFolio, citing above-average financial growth. That view is supported by the company’s latest quarterly results, which showed revenue growth of 19.3% year over year and earnings of $1.71 per share, slightly ahead of consensus. Zacks AppFolio growth analysis
• Neutral Sentiment: Major shareholder Maurice J. Duca sold a combined 17,900 APPF shares on August 12–13 for approximately $3.54 million. The transactions were executed under a pre-arranged Rule 10b5-1 plan, reducing their value as a signal of current management confidence, although the sizable sales could still attract investor attention. SEC filing for Duca AppFolio share sales
• Neutral Sentiment: General Counsel Evan Pickering also reported sales, including 727 shares and an earlier 141-share transaction. The 141-share sale was made under a 10b5-1 plan to cover tax withholding related to vested equity awards, making it less concerning than discretionary selling. AppFolio general counsel share sale
• Negative Sentiment: Repeated insider selling may weigh on sentiment, particularly with APPF valued at roughly 45–47 times earnings. Investors may remain sensitive to whether AppFolio can sustain its growth and justify its premium valuation, despite the stock trading well above its 52-week low and moving averages.

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.