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

AppFolio (NASDAQ:APPF) had its target price lowered by Piper Sandler from $350.00 to $245.00 in a report issued on Friday morning, Marketbeat reports. Piper Sandler currently has an overweight rating on the software maker’s stock.

Other equities analysts also recently issued reports about the stock. Wells Fargo & Company reaffirmed a “buy” rating on shares of AppFolio in a research note on Thursday, January 15th. Keefe, Bruyette & Woods dropped their price target on shares of AppFolio from $311.00 to $290.00 and set an “outperform” rating for the company in a research note on Friday. KeyCorp reaffirmed an “overweight” rating on shares of AppFolio in a research report on Tuesday, December 16th. Weiss Ratings cut AppFolio from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, January 16th. Finally, UBS Group set a $260.00 target price on AppFolio and gave the stock a “buy” rating in a research note on Friday. Eight research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, AppFolio currently has a consensus rating of “Moderate Buy” and a consensus price target of $270.83.

AppFolio Stock Performance

Shares of AppFolio stock opened at $189.88 on Friday. The business’s 50 day moving average price is $227.08 and its 200 day moving average price is $249.51. The company has a market cap of $6.82 billion, a price-to-earnings ratio of 48.94 and a beta of 0.78. AppFolio has a one year low of $186.45 and a one year high of $326.04.

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

Insider Buying and Selling

In other AppFolio news, General Counsel Evan Pickering sold 334 shares of the company’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 transaction, the general counsel directly owned 2,969 shares in the company, valued at $723,456.23. This represents a 10.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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 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. In the last quarter, insiders sold 8,745 shares of company stock valued at $2,097,550. Company insiders own 4.68% of the company’s stock.

Hedge Funds Weigh In On AppFolio

Several hedge funds have recently bought and sold shares of APPF. ProShare Advisors LLC boosted its holdings in AppFolio by 3.6% during the 2nd quarter. ProShare Advisors LLC now owns 1,078 shares of the software maker’s stock valued at $248,000 after acquiring an additional 37 shares during the period. Truist Financial Corp increased its stake in AppFolio by 1.1% during the third quarter. Truist Financial Corp now owns 3,928 shares of the software maker’s stock worth $1,083,000 after purchasing an additional 43 shares during the period. State of New Jersey Common Pension Fund D lifted its position in shares of AppFolio by 0.5% during the second quarter. State of New Jersey Common Pension Fund D now owns 9,041 shares of the software maker’s stock worth $2,082,000 after purchasing an additional 44 shares in the last quarter. Amalgamated Bank boosted its stake in shares of AppFolio by 0.4% in the third quarter. Amalgamated Bank now owns 11,068 shares of the software maker’s stock valued at $3,051,000 after purchasing an additional 46 shares during the period. Finally, Linden Thomas Advisory Services LLC grew its holdings in shares of AppFolio by 3.1% in the third quarter. Linden Thomas Advisory Services LLC now owns 1,515 shares of the software maker’s stock valued at $418,000 after purchasing an additional 46 shares in the last quarter. Institutional investors and hedge funds own 85.19% of the company’s stock.

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

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.