AppFolio (NASDAQ:APPF) Shares Unloaded Rep. Gilbert Ray Cisneros, Jr.

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 Trading Up 0.2%

APPF traded up $0.31 on Thursday, reaching $179.30. The stock had a trading volume of 35,819 shares, compared to its average volume of 417,829. The business’s 50-day moving average price is $197.69 and its two-hundred day moving average price is $231.33. The company has a market cap of $6.45 billion, a P/E ratio of 46.21 and a beta of 0.75. AppFolio, Inc. has a 12-month low of $161.13 and a 12-month high of $326.04.

AppFolio (NASDAQ:APPF) last released its quarterly earnings results on Thursday, January 29th. The software maker reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $1.22 by $0.17. AppFolio had a return on equity of 29.79% and a net margin of 14.82%.The company had revenue of $248.19 million during the quarter, compared to analysts’ expectations of $246.56 million. During the same quarter in the prior year, the firm posted $0.92 EPS. AppFolio’s quarterly revenue was up 21.7% compared to the same quarter last year. As a group, analysts predict that AppFolio, Inc. will post 3.96 earnings per share for the current year.

Hedge Funds Weigh In On AppFolio

Large investors have recently bought and sold shares of the company. Principal Financial Group Inc. increased its stake in shares of AppFolio by 40.1% during the third quarter. Principal Financial Group Inc. now owns 1,166,752 shares of the software maker’s stock worth $321,637,000 after acquiring an additional 333,861 shares during the period. Hudson Way Capital Management LLC purchased a new stake in AppFolio in the 3rd quarter valued at approximately $53,367,000. Greenstone Partners & Co. LLC acquired a new position in AppFolio during the 4th quarter worth approximately $43,647,000. Millennium Management LLC raised its stake in shares of AppFolio by 158.6% during the 4th quarter. Millennium Management LLC now owns 281,495 shares of the software maker’s stock worth $65,490,000 after buying an additional 172,627 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of AppFolio during the 2nd quarter worth approximately $34,425,000. 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 6,963 shares of AppFolio 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 sale, the chief executive officer directly owned 52,920 shares in the company, 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 filing with the Securities & Exchange Commission, which is available through this link. 4.68% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on APPF. DA Davidson decreased their target price on AppFolio from $325.00 to $275.00 and set a “buy” rating on the stock in a research report on Friday, January 30th. Weiss Ratings cut shares of AppFolio from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, January 16th. Wall Street Zen downgraded shares of AppFolio from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. Piper Sandler cut their price objective on AppFolio from $350.00 to $245.00 and set an “overweight” rating for the company in a research note on Friday, January 30th. Finally, Wells Fargo & Company restated a “buy” rating on shares of AppFolio in a report on Thursday, January 15th. Eight investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $270.83.

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.