Keefe, Bruyette & Woods Issues Pessimistic Forecast for AppFolio (NASDAQ:APPF) Stock Price

AppFolio (NASDAQ:APPF) had its price target dropped by stock analysts at Keefe, Bruyette & Woods from $311.00 to $290.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has an “outperform” rating on the software maker’s stock. Keefe, Bruyette & Woods’ target price would indicate a potential upside of 52.73% from the stock’s previous close.

APPF has been the subject of several other reports. William Blair restated an “outperform” rating on shares of AppFolio in a research note on Friday. UBS Group set a $260.00 price target on AppFolio and gave the stock a “buy” rating in a report on Friday. DA Davidson reaffirmed a “buy” rating and issued a $325.00 price objective on shares of AppFolio in a research note on Wednesday, November 19th. KeyCorp reiterated an “overweight” rating on shares of AppFolio in a research report on Tuesday, December 16th. Finally, Weiss Ratings cut shares of AppFolio from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, January 16th. Eight research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, AppFolio has an average rating of “Moderate Buy” and a consensus target price of $270.83.

AppFolio Trading Down 8.3%

Shares of APPF stock opened at $189.88 on Friday. The stock has a market cap of $6.82 billion, a P/E ratio of 48.94 and a beta of 0.78. The stock has a 50 day simple moving average of $227.08 and a 200 day simple moving average of $249.57. AppFolio has a 1 year low of $186.45 and a 1 year high of $326.04.

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

Insider Buying and Selling at AppFolio

In related news, CEO William Shane Trigg sold 3,947 shares of the firm’s stock in a transaction on Monday, November 17th. The stock was sold at an average price of $240.45, for a total transaction of $949,056.15. Following the completion of the transaction, the chief executive officer directly owned 51,530 shares of the company’s stock, valued at $12,390,388.50. This trade represents a 7.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Timothy Mathias Eaton sold 517 shares of the company’s stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $228.34, for a total value of $118,051.78. Following the completion of the sale, the chief financial officer owned 10,104 shares in the company, valued at $2,307,147.36. This trade represents a 4.87% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 8,745 shares of company stock worth $2,097,550. 4.68% of the stock is currently owned by company insiders.

Institutional Trading of AppFolio

Institutional investors have recently added to or reduced their stakes in the stock. New York State Teachers Retirement System raised its holdings in AppFolio by 2.2% during the 4th quarter. New York State Teachers Retirement System now owns 9,340 shares of the software maker’s stock worth $2,173,000 after purchasing an additional 200 shares during the last quarter. Jennison Associates LLC raised its stake in AppFolio by 3.9% during the fourth quarter. Jennison Associates LLC now owns 129,401 shares of the software maker’s stock worth $30,105,000 after buying an additional 4,819 shares during the last quarter. State of New Jersey Common Pension Fund D lifted its holdings in AppFolio by 20.0% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 9,457 shares of the software maker’s stock valued at $2,200,000 after buying an additional 1,578 shares during the period. Ashton Thomas Private Wealth LLC boosted its position in AppFolio by 17.9% during the fourth quarter. Ashton Thomas Private Wealth LLC now owns 2,147 shares of the software maker’s stock valued at $500,000 after acquiring an additional 326 shares during the last quarter. Finally, Pictet Asset Management Holding SA boosted its position in AppFolio by 6.9% during the fourth quarter. Pictet Asset Management Holding SA now owns 3,395 shares of the software maker’s stock valued at $790,000 after acquiring an additional 219 shares during the last quarter. 85.19% of the stock is currently owned by institutional investors.

More AppFolio News

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

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.