AppFolio (APPF)

• Market cap: $7.96B
• 1 day: 0.39%
• 5 days: -1.80%
• 1 month: 1.23%
• 3 months: -13.15%
• 6 months: 8.52%
• Year to date: -11.82%
• 1 year: 0.95%
• 5 years: 104.72%
• 10 years: 1,453.84%
• Sector: Technology
• Industry: Software - Application

About: AppFolio Inc provides cloud-based software solutions for the real estate industry. Its property management software offers property managers an end-to-end solution to their business needs. The group's products include cloud-based property management software (Appfolio Property Manager). Its solutions are AppFolio Property Manager Core, AppFolio Property Manager Plus, and AppFolio Property Manager Max. It also offers value-added services, such as screening, risk mitigation, and electronic payment services. Its markets are Single-Family, Multifamily, Student Housing, Affordable Housing, Community Associations, Commercial, and Investment Management. The business activity of the firm predominantly functions in the United States and it generates revenue in the form of subscription fees.

Employees: 1,634

Fund manager confidence

Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

86% more call options, than puts

Call options by funds: $13.7M | Put options by funds: $7.38M

19% more first-time investments, than exits

New positions opened: 64 | Existing positions closed: 54

11% more funds holding in top 10

Funds holding in top 10: 9 [Q3] → 10 (+1) [Q4]

6% more capital invested

Capital invested by funds: $4.43B [Q3] → $4.69B (+$263M) [Q4]

2% more repeat investments, than reductions

Existing positions increased: 135 | Existing positions reduced: 132

1% more funds holding

Funds holding: 381 [Q3] → 383 (+2) [Q4]

0.52% more ownership

Funds ownership: 81.88% [Q3] → 82.4% (+0.52%) [Q4]

Research analyst outlook

3 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $265 21% upside
• Avg. target: $278 27% upside
• High target: $295 35% upside

3 analyst ratings

• positive: 2 67%
• neutral: 1 33%
• negative: 0 0%

DA Davidson Peter Heckmann 38% 1-year accuracy 19 / 50 met price target	26% upside $275	Buy Maintained	14 Apr 2025
Stephens & Co. John Campbell 53% 1-year accuracy 19 / 36 met price target	35% upside $295	Overweight Reiterated	31 Jan 2025
Piper Sandler Brent Bracelin 23% 1-year accuracy 25 / 109 met price target	21% upside $265	Neutral Maintained	31 Jan 2025