HMI Capital Management L.P. Acquires New Shares in AppFolio, Inc. $APPF

Posted by Brian Himes on Aug 25th, 2026

HMI Capital Management L.P. purchased a new position in AppFolio, Inc. (NASDAQ:APPF – Free Report) in the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 75,000 shares of the software maker’s stock, valued at approximately $12,026,000. AppFolio accounts for 1.7% of HMI Capital Management L.P.’s portfolio, making the stock its 13th biggest position.

Other institutional investors also recently added to or reduced their stakes in the company. Woodline Partners LP boosted its holdings in shares of AppFolio by 2.9% in the 1st quarter. Woodline Partners LP now owns 1,754 shares of the software maker’s stock valued at $386,000 after buying an additional 50 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in AppFolio by 101.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 111 shares of the software maker’s stock valued at $26,000 after buying an additional 56 shares during the last quarter. Mercer Global Advisors Inc. ADV increased its stake in shares of AppFolio by 4.8% in the third quarter. Mercer Global Advisors Inc. ADV now owns 1,263 shares of the software maker’s stock worth $348,000 after acquiring an additional 58 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in AppFolio by 48.8% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 192 shares of the software maker’s stock worth $53,000 after purchasing an additional 63 shares during the period. Finally, Northwestern Mutual Investment Management Company LLC grew its holdings in AppFolio by 1.3% during the fourth quarter. Northwestern Mutual Investment Management Company LLC now owns 5,162 shares of the software maker’s stock worth $1,201,000 after acquiring an additional 64 shares during the period. Institutional investors own 85.19% of the company’s stock.

AppFolio Stock Performance

NASDAQ APPF opened at $225.10 on Tuesday. AppFolio, Inc. has a one year low of $142.56 and a one year high of $288.73. The firm has a market cap of $7.97 billion, a price-to-earnings ratio of 51.39 and a beta of 0.78. The firm has a 50 day simple moving average of $178.87 and a 200-day simple moving average of $170.90.

AppFolio (NASDAQ:APPF – Get Free Report) last posted its quarterly earnings data 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. The business had revenue of $281.12 million for the quarter, compared to analyst estimates of $277.35 million. AppFolio had a return on equity of 32.42% and a net margin of 15.13%.The company’s revenue was up 19.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.38 earnings per share. Equities analysts predict that AppFolio, Inc. will post 5.16 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have weighed in on APPF. Zacks Research raised shares of AppFolio from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 28th. DA Davidson set a $225.00 price objective on AppFolio in a research note on Friday, July 24th. Guggenheim initiated coverage on shares of AppFolio in a report on Wednesday, July 22nd. They issued a “buy” rating and a $232.00 price objective for the company. Weiss Ratings upgraded AppFolio from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, August 11th. Finally, Wall Street Zen lowered shares of AppFolio from a “buy” rating to a “hold” rating in a research report on Sunday, July 26th. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $243.50.

Get Our Latest Research Report on APPF

Insider Buying and Selling

In other AppFolio news, major shareholder Maurice J. Duca sold 7,200 shares of the stock in a transaction that occurred on Tuesday, July 7th. The shares were sold at an average price of $180.32, for a total value of $1,298,304.00. Following the sale, the insider directly owned 42,400 shares of the company’s stock, valued at approximately $7,645,568. This represents a 14.52% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 179,612 shares of company stock worth $34,697,503. Insiders own 1.57% of the company’s stock.

AppFolio Profile

(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.