AppFolio (NASDAQ:APPF) Sets New 1-Year Low Following Analyst Downgrade

Shares of AppFolio, Inc. (NASDAQ:APPF) reached a new 52-week low on Friday after Piper Sandler lowered their price target on the stock from $350.00 to $245.00. Piper Sandler currently has an overweight rating on the stock. AppFolio traded as low as $188.34 and last traded at $190.5280, with a volume of 205683 shares changing hands. The stock had previously closed at $207.10.

APPF has been the subject of a number of other research reports. William Blair reiterated an “outperform” rating on shares of AppFolio in a research report on Friday. Keefe, Bruyette & Woods lowered their target price on shares of AppFolio from $311.00 to $290.00 and set an “outperform” rating on the stock in a research note on Friday. KeyCorp reiterated an “overweight” rating on shares of AppFolio in a research report on Tuesday, December 16th. Wells Fargo & Company restated a “buy” rating on shares of AppFolio in a research report on Thursday, January 15th. Finally, UBS Group set a $260.00 target price on AppFolio and gave the company a “buy” rating in a research note on Friday. Eight research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $278.33.

Insider Buying and Selling at AppFolio

In other news, CFO Timothy Mathias Eaton sold 517 shares of the business’s stock in a transaction on Monday, November 24th. The shares were sold at an average price of $228.34, for a total transaction of $118,051.78. Following the sale, the chief financial officer owned 10,104 shares in the company, valued at approximately $2,307,147.36. The trade was a 4.87% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, General Counsel Evan Pickering sold 334 shares of AppFolio stock in a transaction dated Friday, November 14th. The shares were sold at an average price of $243.67, for a total transaction of $81,385.78. Following the transaction, the general counsel directly owned 2,969 shares of the company’s stock, valued at approximately $723,456.23. This trade represents a 10.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 8,745 shares of company stock valued at $2,097,550. 4.68% of the stock is currently owned by company insiders.

More AppFolio News

Here are the key news stories impacting AppFolio this week:

• Positive Sentiment: Analyst support remains — Keefe, Bruyette & Woods keeps an “outperform” rating and cut its target to $290 (still ~40% above the current price), signaling continued confidence in AppFolio’s growth runway. Keefe Bruyette & Woods target
• Positive Sentiment: Piper Sandler lowered its target to $245 but retained an “overweight” rating — the cut reflects model changes but still implies meaningful upside, supporting longer-term bullish views. Piper Sandler target
• Positive Sentiment: Reported Q4 operating results beat some estimates — commentary and coverage highlight stronger-than-expected revenue/earnings metrics that validate ongoing product adoption and margin strength. Zacks Q4 beat
• Neutral Sentiment: Company released prepared remarks and the earnings call transcript — useful for details on margin drivers, AI/product adoption and customer metrics but largely reiterative of the quarter. Earnings transcript
• Neutral Sentiment: Short-interest data reported is noisy/insufficient in recent filings (no clear increase), so it’s not a clear driver of today’s move.
• Negative Sentiment: FY2026 revenue guidance ($1.10B–$1.12B) and commentary on pacing of premium-tier / AI adoption disappointed investors relative to expectations; the guidance cap and conservative tone prompted an intra-day sell-off. MSN guidance article Investing.com: shares slip

Hedge Funds Weigh In On AppFolio

Institutional investors have recently made changes to their positions in the business. Root Financial Partners LLC purchased a new stake in AppFolio during the third quarter valued at approximately $31,000. TD Private Client Wealth LLC increased its stake 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 in the last quarter. First Horizon Corp bought a new position in shares of AppFolio in the third quarter worth about $39,000. Hantz Financial Services Inc. raised its position in shares of AppFolio by 373.3% during the 3rd quarter. Hantz Financial Services Inc. now owns 142 shares of the software maker’s stock valued at $39,000 after purchasing an additional 112 shares during the period. Finally, Huntington National Bank raised its holdings in AppFolio by 58.7% during the second quarter. Huntington National Bank now owns 200 shares of the software maker’s stock valued at $46,000 after acquiring an additional 74 shares during the period. Institutional investors own 85.19% of the company’s stock.

AppFolio Price Performance

The stock has a market cap of $6.83 billion, a P/E ratio of 34.16 and a beta of 0.78. The firm’s 50-day moving average price is $227.86 and its 200-day moving average price is $249.87.

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

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.