AppFolio (NASDAQ:APPF) General Counsel Sells 661 Shares of Stock

Posted by Brian Himes on Aug 7th, 2026

AppFolio, Inc. (NASDAQ:APPF – Get Free Report) General Counsel Evan Pickering sold 661 shares of the stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $200.49, for a total value of $132,523.89. Following the sale, the general counsel owned 5,894 shares of the company’s stock, valued at approximately $1,181,688.06. The trade was a 10.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Evan Pickering also recently made the following trade(s):

On Friday, June 12th, Evan Pickering sold 660 shares of AppFolio stock. The shares were sold at an average price of $155.25, for a total value of $102,465.00.

AppFolio Price Performance

Shares of AppFolio stock traded up $4.63 on Friday, hitting $198.74. 389,696 shares of the company’s stock traded hands, compared to its average volume of 394,629. The company has a fifty day moving average of $168.94 and a two-hundred day moving average of $171.10. AppFolio, Inc. has a one year low of $142.56 and a one year high of $300.25. The company has a market capitalization of $7.04 billion, a price-to-earnings ratio of 45.37 and a beta of 0.78.

AppFolio (NASDAQ:APPF – Get Free Report) last issued its earnings results on Thursday, July 23rd. The software maker reported $1.71 earnings per share for the quarter, topping analysts’ consensus estimates of $1.69 by $0.02. AppFolio had a return on equity of 32.42% and a net margin of 15.13%.The business had revenue of $281.12 million during the quarter, compared to the consensus estimate of $277.35 million. During the same period in the previous year, the company posted $1.38 earnings per share. The firm’s revenue for the quarter was up 19.3% on a year-over-year basis. Equities research analysts anticipate that AppFolio, Inc. will post 5.16 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts recently issued reports on APPF shares. Benchmark boosted their target price on shares of AppFolio from $222.00 to $226.00 and gave the company a “buy” rating in a research report on Friday, April 24th. Guggenheim assumed coverage on shares of AppFolio in a research note on Wednesday, July 22nd. They issued a “buy” rating and a $232.00 price target for the company. DA Davidson set a $225.00 price objective on shares of AppFolio in a report on Friday, July 24th. UBS Group set a $210.00 price objective on shares of AppFolio in a research report on Friday, April 24th. Finally, KeyCorp restated an “overweight” rating on shares of AppFolio in a research note on Monday, July 6th. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $243.50.

Check Out Our Latest Stock Report on APPF

Hedge Funds Weigh In On AppFolio

Large investors have recently modified their holdings of the company. Royal Bank of Canada increased its stake in AppFolio by 22.6% during the 1st quarter. Royal Bank of Canada now owns 45,452 shares of the software maker’s stock valued at $9,993,000 after purchasing an additional 8,367 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of 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 in the last quarter. Millennium Management LLC grew its holdings in shares of AppFolio by 237.7% during 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 last quarter. Jones Financial Companies Lllp grew its holdings in shares of 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 buying an additional 407 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its position in shares of AppFolio by 322.5% during the first 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 in the last quarter. 85.19% of the stock is currently owned by institutional investors.

AppFolio Company Profile

(Get Free Report)

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.