Lead Edge Capital Management LLC purchased a new stake in AppFolio, Inc. (NASDAQ:APPF – Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 210,260 shares of the software maker’s stock, valued at approximately $33,183,000. AppFolio accounts for approximately 8.1% of Lead Edge Capital Management LLC’s portfolio, making the stock its 7th biggest position.
Several other hedge funds have also bought and sold shares of APPF. Vanguard Group Inc. grew its stake in shares of AppFolio by 4.1% during the 4th quarter. Vanguard Group Inc. now owns 2,560,460 shares of the software maker’s stock worth $595,691,000 after purchasing an additional 101,466 shares during the period. Principal Financial Group Inc. lifted its stake in shares of AppFolio by 20.9% in the 1st quarter. Principal Financial Group Inc. now owns 1,505,882 shares of the software maker’s stock valued at $237,665,000 after purchasing an additional 259,933 shares during the period. State Street Corp lifted its stake in shares of AppFolio by 1.1% in the 4th quarter. State Street Corp now owns 685,656 shares of the software maker’s stock valued at $159,518,000 after purchasing an additional 7,585 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in AppFolio by 17.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 669,317 shares of the software maker’s stock worth $155,717,000 after buying an additional 98,230 shares in the last quarter. Finally, William Blair Investment Management LLC boosted its holdings in AppFolio by 15.6% during the fourth quarter. William Blair Investment Management LLC now owns 638,241 shares of the software maker’s stock worth $148,487,000 after buying an additional 86,272 shares in the last quarter. Hedge funds and other institutional investors own 85.19% of the company’s stock.
Wall Street Analyst Weigh In
Several research firms recently commented on APPF. Piper Sandler cut their price objective on shares of AppFolio from $245.00 to $210.00 and set an “overweight” rating for the company in a report on Friday, April 24th. Weiss Ratings downgraded shares of AppFolio from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, June 11th. UBS Group set a $210.00 target price on shares of AppFolio in a research note on Friday, April 24th. DA Davidson set a $225.00 target price on AppFolio in a research report on Friday. Finally, Wall Street Zen lowered AppFolio from a “buy” rating to a “hold” rating in a research note on Sunday. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $243.50.
Trending Headlines about AppFolio
Here are the key news stories impacting AppFolio this week:
- Positive Sentiment: AppFolio delivered Q2 earnings of $1.71 per share, topping estimates, while revenue rose 19.3% year over year to $281.1 million, also ahead of forecasts. AppFolio’s Q2 Earnings Beat Estimates, Revenues Rise Y/Y
- Positive Sentiment: The company lifted its full-year 2026 outlook, which suggests management sees momentum continuing beyond the latest quarter. AppFolio, Inc. Announces Second Quarter 2026 Financial Results
- Positive Sentiment: Guggenheim upgraded AppFolio to strong-buy, adding to bullish sentiment around the stock after the earnings release. Zacks.com
- Positive Sentiment: Management highlighted premium-tier adoption and Value Added Services as key growth drivers, which could support higher recurring revenue and better monetization over time. AppFolio (APPF) Beats Q2 Earnings and Revenue Estimates
Insider Buying and Selling at AppFolio
In related news, insider Elizabeth Erin Barat sold 1,978 shares of the firm’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $158.12, for a total value of $312,761.36. Following the transaction, the insider directly owned 21,545 shares of the company’s stock, valued at approximately $3,406,695.40. This trade represents a 8.41% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, General Counsel Evan Pickering sold 660 shares of AppFolio stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $155.25, for a total value of $102,465.00. Following the completion of the sale, the general counsel owned 6,555 shares in the company, valued at approximately $1,017,663.75. The trade was a 9.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 30,657 shares of company stock valued at $5,310,740. Corporate insiders own 1.57% of the company’s stock.
AppFolio Price Performance
Shares of NASDAQ:APPF opened at $165.05 on Friday. The business’s 50 day moving average price is $164.76 and its 200-day moving average price is $173.91. AppFolio, Inc. has a 1 year low of $142.56 and a 1 year high of $326.04. The firm has a market capitalization of $5.84 billion, a price-to-earnings ratio of 37.68 and a beta of 0.79.
AppFolio (NASDAQ:APPF – Get Free Report) last issued its quarterly earnings results on Thursday, July 23rd. The software maker reported $1.71 EPS for the quarter, topping the consensus estimate of $1.69 by $0.02. The company had revenue of $281.12 million during the quarter, compared to analyst estimates of $277.35 million. AppFolio had a net margin of 15.13% and a return on equity of 32.77%. The firm’s revenue was up 19.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.38 EPS. On average, sell-side analysts expect that AppFolio, Inc. will post 5.04 earnings per share for the current 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.
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