AppFolio (NASDAQ:APPF) Stock Price Up 4.6% – What’s Next?

21 May 2026, 08:31 by Jessica Moore · The Cerbat Gem

AppFolio, Inc. (NASDAQ:APPF – Get Free Report) shot up 4.6% during trading on Tuesday . The company traded as high as $164.88 and last traded at $165.21. 14,866 shares traded hands during trading, a decline of 96% from the average session volume of 382,755 shares. The stock had previously closed at $157.91.

Analyst Ratings Changes

A number of brokerages have issued reports on APPF. Weiss Ratings lowered shares of AppFolio from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, April 29th. Benchmark lifted their target price on shares of AppFolio from $222.00 to $226.00 and gave the company a “buy” rating in a research note on Friday, April 24th. JPMorgan Chase & Co. reduced their price target on AppFolio from $330.00 to $300.00 and set an “overweight” rating for the company in a report on Friday, January 30th. DA Davidson reduced their price target on AppFolio from $325.00 to $275.00 and set a “buy” rating for the company in a report on Friday, January 30th. Finally, KeyCorp reiterated an “overweight” rating on shares of AppFolio in a report on Monday, February 2nd. Nine equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $252.29.

Get Our Latest Stock Analysis on AppFolio

AppFolio Stock Up 2.2%

The stock has a market cap of $5.78 billion, a price-to-earnings ratio of 38.90 and a beta of 0.82. The company’s 50-day moving average is $161.10 and its 200-day moving average is $197.26.

AppFolio (NASDAQ:APPF – Get Free Report) last released its quarterly earnings data on Thursday, April 23rd. The software maker reported $1.61 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.14. AppFolio had a return on equity of 32.35% and a net margin of 15.27%.The company had revenue of $262.21 million for the quarter, compared to analyst estimates of $258.13 million. During the same period in the prior year, the company posted $1.21 EPS. The company’s revenue was up 20.7% compared to the same quarter last year. On average, research analysts forecast that AppFolio, Inc. will post 5.04 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Elizabeth Erin Barat sold 1,978 shares of the stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $158.12, for a total transaction of $312,761.36. Following the completion of the sale, the insider owned 21,545 shares in the company, valued at $3,406,695.40. This trade represents a 8.41% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO William Shane Trigg sold 3,584 shares of the stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $152.50, for a total transaction of $546,560.00. Following the sale, the chief executive officer owned 76,547 shares of the company’s stock, valued at $11,673,417.50. This trade represents a 4.47% 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. Corporate insiders own 1.57% of the company’s stock.

Institutional Investors Weigh In On AppFolio

A number of hedge funds have recently made changes to their positions in the company. Royal Bank of Canada increased its holdings in AppFolio by 22.6% during the 1st quarter. Royal Bank of Canada now owns 45,452 shares of the software maker’s stock valued at $9,993,000 after purchasing an additional 8,367 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in AppFolio by 23.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 384 shares of the software maker’s stock valued at $84,000 after purchasing an additional 73 shares in the last quarter. Millennium Management LLC increased its holdings in AppFolio by 237.7% during the 1st quarter. Millennium Management LLC now owns 18,055 shares of the software maker’s stock valued at $3,970,000 after purchasing an additional 12,709 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in AppFolio by 164.8% during the 1st quarter. Jones Financial Companies Lllp now owns 654 shares of the software maker’s stock valued at $144,000 after purchasing an additional 407 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in AppFolio by 322.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 66,777 shares of the software maker’s stock valued at $14,684,000 after purchasing an additional 50,970 shares in the last quarter. Institutional investors and hedge funds own 85.19% of the company’s stock.

About AppFolio

(Get Free Report)

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.