Rep. Gilbert Ray Cisneros, Jr. Sells Off AppFolio, Inc. (NASDAQ:APPF) Stock

Key Points

• Rep. Gilbert Ray Cisneros, Jr. sold between $1,001 and $15,000 of AppFolio (APPF) stock on Feb. 18 from his "150 MAIN STREET TRUST > BANK OF AMERICA" account and executed multiple other $1,001–$15,000 buys and sells across names like Thermon, Federal Signal and Taiwan Semiconductor in late Feb/early Mar.
• AppFolio performance and outlook: the stock opened at $178.99 (below its 50‑ and 200‑day averages of $197.69 and $231.33), has a $6.44B market cap, and recently beat quarterly estimates with EPS $1.39 and revenue up 21.7% year‑over‑year; analysts have a consensus "Moderate Buy" with a $270.83 target.
• Insider and institutional activity: CEO William Shane Trigg sold 6,963 shares on Feb. 17 at about $169.73 (≈$1.18M), reducing his stake by 11.63%; insiders own 4.68% of APPF while institutional investors hold roughly 85.19%.

Representative Gilbert Ray Cisneros, Jr. (Democratic-California) recently sold shares of AppFolio, Inc. (NASDAQ:APPF). In a filing disclosed on March 09th, the Representative disclosed that they had sold between $1,001 and $15,000 in AppFolio stock on February 18th. The trade occurred in the Representative's "150 MAIN STREET TRUST > BANK OF AMERICA" account.

Representative Gilbert Ray Cisneros, Jr. also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Thermon Group NYSE: THR on 3/2/2026.
• Purchased $1,001 - $15,000 in shares of Federal Signal NYSE: FSS on 3/2/2026.
• Purchased $1,001 - $15,000 in shares of Taiwan Semiconductor Manufacturing NYSE: TSM on 2/26/2026.
• Sold $1,001 - $15,000 in shares of Uber Technologies NYSE: UBER on 2/24/2026.
• Sold $1,001 - $15,000 in shares of Robinhood Markets NASDAQ: HOOD on 2/24/2026.
• Purchased $1,001 - $15,000 in shares of Micron Technology NASDAQ: MU on 2/24/2026.
• Sold $1,001 - $15,000 in shares of Oracle NYSE: ORCL on 2/24/2026.
• Purchased $1,001 - $15,000 in shares of Champion Homes NYSE: SKY on 2/23/2026.
• Sold $1,001 - $15,000 in shares of Tri Pointe Homes NYSE: TPH on 2/23/2026.
• Sold $1,001 - $15,000 in shares of Xiaomi OTCMKTS: XIACF on 2/20/2026.

AppFolio Price Performance

NASDAQ APPF opened at $178.99 on Thursday. The business has a 50 day simple moving average of $197.69 and a 200 day simple moving average of $231.33. AppFolio, Inc. has a one year low of $161.13 and a one year high of $326.04. The stock has a market capitalization of $6.44 billion, a P/E ratio of 46.13 and a beta of 0.75.

AppFolio (NASDAQ:APPF - Get Free Report) last issued its quarterly earnings results on Thursday, January 29th. The software maker reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.22 by $0.17. The firm had revenue of $248.19 million for the quarter, compared to analyst estimates of $246.56 million. AppFolio had a return on equity of 29.79% and a net margin of 14.82%.The company's revenue was up 21.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.92 earnings per share. Equities analysts expect that AppFolio, Inc. will post 3.96 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have recently weighed in on APPF shares. Piper Sandler lowered their price objective on shares of AppFolio from $350.00 to $245.00 and set an "overweight" rating for the company in a research note on Friday, January 30th. William Blair reissued an "outperform" rating on shares of AppFolio in a research note on Friday, January 30th. DA Davidson cut their target price on shares of AppFolio from $325.00 to $275.00 and set a "buy" rating on the stock in a research note on Friday, January 30th. Wall Street Zen cut shares of AppFolio from a "buy" rating to a "hold" rating in a report on Saturday, March 7th. Finally, Keefe, Bruyette & Woods decreased their price target on shares of AppFolio from $311.00 to $290.00 and set an "outperform" rating for the company in a research note on Friday, January 30th. Eight analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $270.83.

Insider Activity at AppFolio

In other news, CEO William Shane Trigg sold 6,963 shares of the business's stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $169.73, for a total transaction of $1,181,829.99. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 4.68% of the stock is currently owned by insiders.

Hedge Funds Weigh In On AppFolio

A number of large investors have recently modified their holdings of APPF. Vanguard Group Inc. grew its position in AppFolio by 4.1% in the 4th quarter. Vanguard Group Inc. now owns 2,560,460 shares of the software maker's stock valued at $595,691,000 after purchasing an additional 101,466 shares during the period. Principal Financial Group Inc. raised its holdings in AppFolio by 6.8% during the fourth quarter. Principal Financial Group Inc. now owns 1,245,949 shares of the software maker's stock worth $289,880,000 after buying an additional 79,197 shares during the last quarter. State Street Corp lifted its stake in shares of AppFolio by 1.1% in the fourth quarter. State Street Corp now owns 685,656 shares of the software maker's stock valued at $159,518,000 after buying an additional 7,585 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of AppFolio by 17.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 669,317 shares of the software maker's stock valued at $155,717,000 after buying an additional 98,230 shares in the last quarter. Finally, William Blair Investment Management LLC grew its holdings in shares of AppFolio by 15.6% during the fourth quarter. William Blair Investment Management LLC now owns 638,241 shares of the software maker's stock valued at $148,487,000 after buying an additional 86,272 shares during the last quarter. 85.19% of the stock is currently owned by institutional investors.

About Representative Cisneros

Gil Cisneros (Democratic Party) is a member of the U.S. House, representing California's 31st Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Cisneros (Democratic Party) is running for re-election to the U.S. House to represent California's 31st Congressional District. He declared candidacy for the 2026 election. Gil Cisneros served in the U.S. Navy as a supply officer from 1994 to 2004. Cisneros earned a bachelor's degree in political science from George Washington University in 1994, a master's in business administration from Regis University in 2002, and a master's degree in urban education policy from Brown University in 2015. His career experience includes working as a logistics manager for Frito-Lay. In 2010, Cisneros won the lottery and became involved in activism and philanthropy, founding a scholarship program for local high school students. In 2021, President Joe Biden (D) appointed Cisneros as under secretary of defense for personnel and readiness.

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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