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

AppFolio, Inc. (NASDAQ:APPF) shares reached a new 52-week low on Friday after JPMorgan Chase & Co. lowered their price target on the stock from $330.00 to $300.00. JPMorgan Chase & Co. 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 topic of several other research reports. Wells Fargo & Company reaffirmed a “buy” rating on shares of AppFolio in a research report on Thursday, January 15th. William Blair reissued an “outperform” rating on shares of AppFolio in a research note on Friday. UBS Group set a $260.00 target price on AppFolio and gave the company a “buy” rating in a report on Friday. DA Davidson decreased their price target on AppFolio from $325.00 to $275.00 and set a “buy” rating for the company in a report on Friday. Finally, Piper Sandler lowered their price target on AppFolio from $350.00 to $245.00 and set an “overweight” rating for the company in a research report on Friday. Eight investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, AppFolio has a consensus rating of “Moderate Buy” and an average price target of $270.83.

Insider Activity at AppFolio

In other news, General Counsel Evan Pickering sold 334 shares of the firm’s stock in a transaction on Friday, November 14th. The stock was 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 directly owned 2,969 shares of the company’s stock, valued at $723,456.23. This trade represents a 10.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO William Shane Trigg sold 3,947 shares of AppFolio 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 sale, the chief executive officer owned 51,530 shares in the company, valued at $12,390,388.50. The trade was a 7.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 8,745 shares of company stock valued at $2,097,550. 4.68% of the stock is owned by insiders.

AppFolio News Roundup

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

Institutional Trading of AppFolio

Several hedge funds have recently added to or reduced their stakes in APPF. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of AppFolio during the 3rd quarter worth approximately $8,275,000. Highland Capital Management LLC purchased a new position in AppFolio in the third quarter valued at approximately $1,435,000. Quantum Portfolio Management LLC grew its holdings in AppFolio by 134.6% during the third quarter. Quantum Portfolio Management LLC now owns 10,002 shares of the software maker’s stock valued at $2,757,000 after purchasing an additional 5,739 shares during the period. AGF Management Ltd. purchased a new stake in AppFolio in the second quarter worth $3,296,000. Finally, First Citizens Bank & Trust Co. increased its position in AppFolio by 263.0% in the second quarter. First Citizens Bank & Trust Co. now owns 4,556 shares of the software maker’s stock worth $1,049,000 after buying an additional 3,301 shares during the last quarter. Institutional investors own 85.19% of the company’s stock.

AppFolio Price Performance

The company has a 50 day simple moving average of $227.08 and a 200-day simple moving average of $249.51. The stock has a market capitalization of $6.82 billion, a P/E ratio of 48.94 and a beta of 0.78.

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

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.