AppFolio (NASDAQ:APPF) Price Target Lowered to $245.00 at Piper Sandler

AppFolio (NASDAQ:APPF) had its price objective lowered by investment analysts at Piper Sandler from $350.00 to $245.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has an “overweight” rating on the software maker’s stock. Piper Sandler’s price objective indicates a potential upside of 18.30% from the company’s previous close.

Several other research analysts also recently commented on APPF. William Blair reissued an “outperform” rating on shares of AppFolio in a research note on Friday. DA Davidson reaffirmed a “buy” rating and set a $325.00 price target on shares of AppFolio in a report on Wednesday, November 19th. Keefe, Bruyette & Woods dropped their price objective on shares of AppFolio from $311.00 to $290.00 and set an “outperform” rating for the company in a research note on Friday. UBS Group set a $260.00 target price on shares of AppFolio and gave the stock a “buy” rating in a research note on Friday. Finally, KeyCorp reiterated an “overweight” rating on shares of AppFolio in a research note on Tuesday, December 16th. Eight investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, AppFolio currently has an average rating of “Moderate Buy” and a consensus target price of $280.83.

AppFolio Price Performance

Shares of APPF opened at $207.10 on Friday. The firm has a 50 day simple moving average of $227.86 and a two-hundred day simple moving average of $249.87. AppFolio has a one year low of $190.24 and a one year high of $326.04. The company has a market cap of $7.44 billion, a P/E ratio of 37.18 and a beta of 0.78.

AppFolio (NASDAQ:APPF) last issued its quarterly earnings results on Thursday, October 30th. The software maker reported $1.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.45 by ($0.14). AppFolio had a net margin of 22.48% and a return on equity of 25.97%. The business had revenue of $249.35 million during the quarter, compared to the consensus estimate of $245.39 million. During the same quarter in the previous year, the business posted $1.29 EPS. The company’s revenue for the quarter was up 21.2% on a year-over-year basis. On average, analysts expect that AppFolio will post 3.96 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO William Shane Trigg sold 3,947 shares of the stock in a transaction 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 sale, the chief executive officer directly owned 51,530 shares in the company, valued at $12,390,388.50. This represents a 7.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Timothy Mathias Eaton sold 517 shares of the firm’s stock in a transaction on Monday, November 24th. The stock was sold at an average price of $228.34, for a total value of $118,051.78. Following the transaction, the chief financial officer directly owned 10,104 shares of the company’s stock, valued at approximately $2,307,147.36. This represents a 4.87% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 8,745 shares of company stock valued at $2,097,550 over the last 90 days. 4.68% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in APPF. Royal Bank of Canada lifted its position in shares of AppFolio by 22.6% in the 1st quarter. Royal Bank of Canada now owns 45,452 shares of the software maker’s stock worth $9,993,000 after purchasing an additional 8,367 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in AppFolio by 23.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 384 shares of the software maker’s stock valued at $84,000 after buying an additional 73 shares during the period. Millennium Management LLC lifted its holdings in AppFolio by 237.7% in the first quarter. Millennium Management LLC now owns 18,055 shares of the software maker’s stock valued at $3,970,000 after buying an additional 12,709 shares during the period. Jones Financial Companies Lllp boosted its position in AppFolio by 164.8% during the first quarter. Jones Financial Companies Lllp now owns 654 shares of the software maker’s stock valued at $144,000 after acquiring an additional 407 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew 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 worth $14,684,000 after acquiring an additional 50,970 shares during the period. Institutional investors own 85.19% of the company’s stock.

More AppFolio News

Here are the key news stories impacting AppFolio this week:

• Positive Sentiment: Q4 operating results showed continued revenue growth (~$248M) and strong profitability (high net margin and ROE), reinforcing that core business demand remains healthy. AppFolio Announces Fourth Quarter and Fiscal Year 2025 Financial Results
• Neutral Sentiment: Company highlighted AI-driven growth initiatives and adoption of a premium tier as the primary levers to reach 2026 targets — positive long term but execution‑dependent and unlikely to immediately change near‑term revenue trajectory. AppFolio outlines 2026 revenue target…
• Neutral Sentiment: Prepared remarks and the earnings call provide management’s commentary on product cadence and customer adoption; useful for gauging execution risk but not an immediate catalyst by itself. Q4 2025 Earnings Call Prepared Remarks Transcript
• Negative Sentiment: FY‑2026 revenue guidance of $1.10B–$1.12B was viewed as conservative versus investor expectations, prompting a pullback in the stock despite the quarter’s strength. The company’s EPS guidance was unclear in the update, adding to investor uncertainty. AppFolio shares slip over 4% as 2026 revenue guidance disappoints
• Negative Sentiment: Mixed headlines on quarterly EPS vs. estimates created short‑term confusion (some outlets reported beats, others reported misses), increasing volatility around the print and the guidance reaction. Refer to company release for authoritative figures. AppFolio Q4/FY2025 Press Release

AppFolio Company Profile

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.