M&T Bank Corp Buys 90,639 Shares of AppFolio, Inc. $APPF

Key Points

• M&T Bank Corp increased its stake in AppFolio by 1,643.8%, buying 90,639 shares in Q4 to own 96,153 shares (about 0.27% of the company) valued at roughly $22.37 million.
• Q1 beat: AppFolio reported $1.61 EPS vs. $1.47 expected and revenue of $262.2M (up 20.7% YoY) with improved margins, but the stock fell ~3.9% and trades below its 50- and 200-day moving averages despite a consensus "Buy" rating and an average target of $263.86.

M&T Bank Corp grew its stake in shares of AppFolio, Inc. (NASDAQ:APPF - Free Report) by 1,643.8% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 96,153 shares of the software maker's stock after buying an additional 90,639 shares during the period. M&T Bank Corp owned approximately 0.27% of AppFolio worth $22,370,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Root Financial Partners LLC bought a new position in AppFolio during the third quarter valued at about $31,000. TD Private Client Wealth LLC lifted its position in shares of AppFolio by 2,116.7% in the 3rd quarter. TD Private Client Wealth LLC now owns 133 shares of the software maker's stock worth $37,000 after acquiring an additional 127 shares during the period. First Horizon Corp bought a new stake in shares of AppFolio in the 3rd quarter worth approximately $39,000. Hantz Financial Services Inc. grew its holdings in shares of AppFolio by 373.3% during the 3rd quarter. Hantz Financial Services Inc. now owns 142 shares of the software maker's stock worth $39,000 after purchasing an additional 112 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its stake in shares of AppFolio by 2,200.0% in the third quarter. Farther Finance Advisors LLC now owns 184 shares of the software maker's stock valued at $51,000 after purchasing an additional 176 shares in the last quarter. Institutional investors own 85.19% of the company's stock.

Key AppFolio News

Here are the key news stories impacting AppFolio this week:

• Positive Sentiment: Q1 earnings and revenue beat — AppFolio reported $1.61 EPS vs. consensus ~ $1.47 and revenue of $262.2M (≈ +20.7% Y/Y); margins expanded and ROE remains strong, supporting fundamentals and investor confidence. AppFolio (APPF) Q1 Earnings and Revenues Surpass Estimates
• Positive Sentiment: Analyst/coverage bullish view — commentary (Seeking Alpha) calls AppFolio’s unit-based pricing, value-added services and secular tailwinds resilient versus broader “SaaSpocalypse,” arguing the business can sustain mid-to-high growth and strong margins. AppFolio: The Right Business Model To Muscle Past The SaaSpocalypse
• Neutral Sentiment: Company press release and conference materials reiterate a strong start to 2026 with revenue and margin commentary; investors will look for detail on guidance and cadence in the call/filings. AppFolio, Inc. Announces First-Quarter 2026 Financial Results
• Neutral Sentiment: Market/earnings previews and coverage flagged AppFolio’s AI initiatives as a potential growth lever to watch — this is a thematic catalyst but still in early adoption/read-through stages. Appfolio earnings on deck: Can AI platform shift restore growth?
• Negative Sentiment: Stock weakness despite the beat — likely driven by broader software-sector pressure, profit-taking after prior run, and the stock trading below its 50- and 200-day moving averages; elevated trading volume suggests heavier selling. AppFolio Earnings Details / Transcript

AppFolio Stock Down 3.9%

Shares of AppFolio stock opened at $152.30 on Friday. AppFolio, Inc. has a 12-month low of $142.73 and a 12-month high of $326.04. The stock has a market capitalization of $5.48 billion, a P/E ratio of 39.25 and a beta of 0.84. The company has a 50-day simple moving average of $166.38 and a 200 day simple moving average of $206.42.

AppFolio (NASDAQ:APPF - Get Free Report) last released its quarterly earnings results on Thursday, April 23rd. The software maker reported $1.61 EPS for the quarter, beating analysts' consensus estimates of $1.47 by $0.14. The firm had revenue of $262.21 million for the quarter, compared to analyst estimates of $258.13 million. AppFolio had a net margin of 14.82% and a return on equity of 29.79%. The company's revenue for the quarter was up 20.7% compared to the same quarter last year. During the same period in the previous year, the business earned $1.21 earnings per share. On average, equities analysts anticipate that AppFolio, Inc. will post 4.72 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. KeyCorp reissued an "overweight" rating on shares of AppFolio in a report on Monday, February 2nd. Weiss Ratings lowered shares of AppFolio from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Friday, January 16th. William Blair reissued an "outperform" rating on shares of AppFolio in a research note on Friday, January 30th. UBS Group set a $260.00 price target on shares of AppFolio and gave the stock a "buy" rating in a research report on Friday, January 30th. Finally, DA Davidson cut their price target on shares of AppFolio from $325.00 to $275.00 and set a "buy" rating for the company in a research note on Friday, January 30th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $263.86.

Insider Activity

In other news, CEO William Shane Trigg sold 6,963 shares of the business's stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $169.73, for a total value of $1,181,829.99. Following the transaction, the chief executive officer directly owned 52,920 shares of the company's stock, valued at $8,982,111.60. The trade was a 11.63% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 4.68% of the company's stock.

AppFolio Profile

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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