AppFolio, Inc. $APPF is Ashe Capital Management LP’s 2nd Largest Position

Ashe Capital Management LP decreased its stake in shares of AppFolio, Inc. (NASDAQ:APPF) by 2.8% in the 1st quarter, HoldingsChannel.com reports. The firm owned 1,047,915 shares of the software maker’s stock after selling 30,000 shares during the quarter. AppFolio comprises 20.7% of Ashe Capital Management LP’s portfolio, making the stock its 2nd largest position. Ashe Capital Management LP’s holdings in AppFolio were worth $165,382,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. M&T Bank Corp raised its position in shares of AppFolio by 1,643.8% in the 4th quarter. M&T Bank Corp now owns 96,153 shares of the software maker’s stock valued at $22,370,000 after purchasing an additional 90,639 shares in the last quarter. Vanguard Group Inc. grew its position in shares of AppFolio by 4.1% during the fourth quarter. Vanguard Group Inc. now owns 2,560,460 shares of the software maker’s stock worth $595,691,000 after buying an additional 101,466 shares in the last quarter. Riverbridge Partners LLC bought a new stake in shares of AppFolio in the first quarter worth $13,906,000. Quantum Capital Management LLC NJ bought a new stake in shares of AppFolio in the fourth quarter worth $7,995,000. Finally, SG Americas Securities LLC raised its holdings in AppFolio by 666.2% in the first quarter. SG Americas Securities LLC now owns 25,185 shares of the software maker’s stock valued at $3,975,000 after acquiring an additional 21,898 shares in the last quarter. Hedge funds and other institutional investors own 85.19% of the company’s stock.

Insider Buying and Selling at AppFolio

In related news, CEO William Shane Trigg sold 3,584 shares of the stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $152.50, for a total value of $546,560.00. Following the completion of the transaction, the chief executive officer directly owned 76,547 shares of the company’s stock, valued at $11,673,417.50. This represents a 4.47% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Timothy Mathias Eaton sold 2,585 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $160.07, for a total value of $413,780.95. Following the completion of the sale, the chief financial officer owned 18,036 shares in the company, valued at approximately $2,887,022.52. This represents a 12.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 30,657 shares of company stock valued at $5,310,740. 1.57% of the stock is currently owned by insiders.

Key Stories Impacting 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

AppFolio Stock Performance

AppFolio stock opened at $165.05 on Friday. AppFolio, Inc. has a 1 year low of $142.56 and a 1 year high of $326.04. The firm’s 50-day moving average is $164.76 and its 200-day moving average is $173.91. The company has a market cap of $5.84 billion, a P/E ratio of 37.68 and a beta of 0.79.

AppFolio (NASDAQ:APPF) last announced its quarterly earnings data on Thursday, July 23rd. The software maker reported $1.71 earnings per share for the quarter, beating analysts’ consensus estimates of $1.69 by $0.02. The business had revenue of $281.12 million during the quarter, compared to the consensus estimate of $277.35 million. AppFolio had a net margin of 15.13% and a return on equity of 32.77%. The company’s revenue for the quarter was up 19.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.38 EPS. As a group, sell-side analysts predict that AppFolio, Inc. will post 5.04 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have commented on APPF shares. Weiss Ratings downgraded shares of AppFolio from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, June 11th. Guggenheim assumed coverage on shares of AppFolio in a research note on Wednesday. They issued a “buy” rating and a $232.00 target price on the stock. Benchmark upped their target price on shares of AppFolio from $222.00 to $226.00 and gave the company a “buy” rating in a research note on Friday, April 24th. KeyCorp reaffirmed an “overweight” rating on shares of AppFolio in a research report on Monday, July 6th. Finally, Piper Sandler decreased their price target on AppFolio from $245.00 to $210.00 and set an “overweight” rating for the company in a research note on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target 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.