Fifth Third Bancorp Has $1.36 Million Stake in AppFolio, Inc. $APPF

Fifth Third Bancorp lifted its position in shares of AppFolio, Inc. (NASDAQ:APPF) by 4,356.0% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 8,600 shares of the software maker’s stock after purchasing an additional 8,407 shares during the quarter. Fifth Third Bancorp’s holdings in AppFolio were worth $1,357,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the company. EverSource Wealth Advisors LLC raised its position in shares of AppFolio by 101.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 111 shares of the software maker’s stock worth $26,000 after acquiring an additional 56 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its position in shares of 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 buying an additional 63 shares during the period. Advisory Services Network LLC acquired a new position in shares of AppFolio during the 3rd quarter valued at $55,000. Employees Retirement System of Texas acquired a new position in shares of AppFolio during the 3rd quarter valued at $58,000. Finally, Harvest Fund Management Co. Ltd bought a new position in AppFolio during the third quarter worth $69,000. Institutional investors own 85.19% of the company’s stock.

Insider Activity

In other news, insider Elizabeth Erin Barat sold 1,978 shares of the business’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $158.12, for a total transaction of $312,761.36. Following the completion of the transaction, the insider owned 21,545 shares of the company’s stock, valued at approximately $3,406,695.40. The trade was a 8.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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, CEO William Shane Trigg sold 3,584 shares of the firm’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $152.50, for a total transaction of $546,560.00. Following the sale, the chief executive officer owned 76,547 shares in the company, valued at approximately $11,673,417.50. This trade represents a 4.47% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 30,657 shares of company stock worth $5,310,740. Company insiders own 1.57% of the company’s stock.

AppFolio Stock Performance

Shares of AppFolio stock opened at $165.05 on Friday. AppFolio, Inc. has a 52-week low of $142.56 and a 52-week high of $326.04. The stock’s 50-day simple moving average is $164.76 and its 200 day simple moving average is $173.91. The stock has a market capitalization of $5.84 billion, a P/E ratio of 37.68 and a beta of 0.79.

AppFolio (NASDAQ:APPF) last issued its quarterly earnings data on Thursday, July 23rd. The software maker reported $1.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.69 by $0.02. AppFolio had a return on equity of 32.77% and a net margin of 15.13%.The business had revenue of $281.12 million for the quarter, compared to analysts’ expectations of $277.35 million. During the same quarter in the prior year, the firm posted $1.38 EPS. The firm’s quarterly revenue was up 19.3% on a year-over-year basis. Equities research analysts forecast that AppFolio, Inc. will post 5.04 EPS for the current fiscal year.

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

Analyst Upgrades and Downgrades

APPF has been the subject of several research reports. Benchmark raised their target price on AppFolio from $222.00 to $226.00 and gave the company a “buy” rating in a research note on Friday, April 24th. UBS Group set a $210.00 price target on AppFolio in a report on Friday, April 24th. KeyCorp restated an “overweight” rating on shares of AppFolio in a report on Monday, July 6th. Guggenheim initiated coverage on AppFolio in a research report on Wednesday. They set a “buy” rating and a $232.00 target price on the stock. Finally, DA Davidson set a $225.00 target price on AppFolio in a report on Friday. One 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.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $243.50.

AppFolio Company 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.