AppFolio (NASDAQ:APPF) Upgraded by DA Davidson to "Strong-Buy" Rating

DA Davidson upgraded shares of AppFolio (NASDAQ:APPF - Free Report) to a strong-buy rating in a report published on Tuesday,Zacks.com reports. DA Davidson also issued estimates for AppFolio's Q2 2025 earnings at $0.97 EPS, FY2025 earnings at $3.76 EPS and FY2026 earnings at $4.42 EPS.

Several other equities analysts also recently commented on APPF. Keefe, Bruyette & Woods cut their price target on shares of AppFolio from $210.00 to $205.00 and set an "underweight" rating on the stock in a report on Friday, April 25th. Piper Sandler upped their price target on shares of AppFolio from $208.00 to $240.00 and gave the company a "neutral" rating in a report on Thursday, July 17th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $261.33.

AppFolio Trading Up 1.2%

NASDAQ:APPF traded up $3.11 during midday trading on Tuesday, hitting $264.54. 219,657 shares of the company traded hands, compared to its average volume of 242,003. The firm's fifty day moving average is $229.60 and its 200-day moving average is $225.76. AppFolio has a 12-month low of $189.01 and a 12-month high of $273.00. The firm has a market capitalization of $9.53 billion, a P/E ratio of 49.35 and a beta of 0.88.

AppFolio (NASDAQ:APPF - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The software maker reported $1.21 earnings per share for the quarter, missing the consensus estimate of $1.23 by ($0.02). AppFolio had a net margin of 23.87% and a return on equity of 25.83%. The company had revenue of $217.70 million for the quarter, compared to analysts' expectations of $220.95 million. During the same quarter in the previous year, the company posted $1.05 EPS. The business's quarterly revenue was up 15.9% on a year-over-year basis. On average, research analysts expect that AppFolio will post 3.96 EPS for the current fiscal year.

Insider Activity at AppFolio

In other news, CEO William Shane Trigg sold 5,900 shares of the stock in a transaction on Friday, May 16th. The stock was sold at an average price of $211.45, for a total transaction of $1,247,555.00. Following the transaction, the chief executive officer owned 70,647 shares of the company's stock, valued at approximately $14,938,308.15. This represents a 7.71% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Elizabeth Erin Barat sold 4,682 shares of the stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $227.79, for a total transaction of $1,066,512.78. Following the transaction, the insider owned 17,926 shares in the company, valued at approximately $4,083,363.54. The trade was a 20.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have purchased 18,500 shares of company stock worth $4,024,220 and have sold 11,639 shares worth $2,547,802. Corporate insiders own 4.68% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in APPF. Colonial Trust Co SC bought a new position in AppFolio during the 4th quarter worth about $28,000. Fifth Third Bancorp raised its holdings in AppFolio by 53.0% in the first quarter. Fifth Third Bancorp now owns 179 shares of the software maker's stock worth $39,000 after purchasing an additional 62 shares in the last quarter. Versant Capital Management Inc raised its holdings in AppFolio by 4,975.0% in the first quarter. Versant Capital Management Inc now owns 203 shares of the software maker's stock worth $45,000 after purchasing an additional 199 shares in the last quarter. Aster Capital Management DIFC Ltd raised its holdings in AppFolio by 10,300.0% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 208 shares of the software maker's stock worth $51,000 after purchasing an additional 206 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd bought a new position in AppFolio in the first quarter worth about $55,000. 85.19% of the stock is currently owned by institutional investors.

About AppFolio

AppFolio, Inc, together with its subsidiaries, provides cloud business management solutions for the real estate industry in the United States. The company provides a cloud-based platform that enables users to automate and optimize common workflows; tools that assist with leasing, maintenance, and accounting; and other technology and services offered by third parties.