AppFolio provides innovative software, services and data analytics to the real estate industry. ITs industry-specific, cloud-based business management solutions are designed to enable customers to digitally transform their businesses, address critical business operations and enable exceptional customer service. Today its core solutions include AppFolio Property Manager, AppFolio Property Manager PLUS, and AppFolio Investment Management. In addition, the company offers a variety of Value+ services that are designed to enhance, automate and streamline essential processes and workflows for customers. AppFolio was founded in 2006 and is headquartered in Santa Barbara, CA.
Company profile
Ticker
APPF
Exchange
Website
CEO
Jason Randall
Employees
Location
Fiscal year end
Sector
Industry (SIC)
Microsoft • Oracle • Mobileye Global • Gen Digital • BlackBerry • Activision Blizzard • Vmware • Adobe • Ceridian HCM Holding • McAfee ...
SEC CIK
Corporate docs
Subsidiaries
AppFolio Utility Management, Inc. • AppFolio Investment Management, Inc. • Dynasty Marketplace, Inc. • AppFolio Insurance Services, Inc. • RentLinx LLC • Terra Mar Insurance Company, Inc. ...
APPF stock data
Analyst ratings and price targets
Current price
Average target
$120.50
Low target
$100.00
High target
$141.00
Keybanc
Maintains
$141.00
DA Davidson
Maintains
$100.00
Latest filings (excl ownership)
8-K
AppFolio, Inc. Announces Fourth Quarter and Fiscal Year 2022 Financial Results
26 Jan 23
10-Q
2022 Q3
Quarterly report
27 Oct 22
8-K
AppFolio, Inc. Announces Third Quarter Financial Results
27 Oct 22
8-K
Regulation FD Disclosure
12 Oct 22
10-Q
2022 Q2
Quarterly report
28 Jul 22
8-K
AppFolio, Inc. Announces Second Quarter Financial Results
28 Jul 22
8-K
Submission of Matters to a Vote of Security Holders
15 Jun 22
10-Q
2022 Q1
Quarterly report
9 May 22
8-K
AppFolio, Inc. Announces First Quarter Financial Results
9 May 22
DEFA14A
Additional proxy soliciting materials
28 Apr 22
Transcripts
APPF
Earnings call transcript
2022 Q4
26 Jan 23
APPF
Earnings call transcript
2022 Q3
27 Oct 22
APPF
Earnings call transcript
2022 Q2
28 Jul 22
APPF
Earnings call transcript
2022 Q1
10 May 22
APPF
Earnings call transcript
2021 Q4
28 Feb 22
APPF
Earnings call transcript
2021 Q3
9 Nov 21
APPF
Earnings call transcript
2021 Q2
9 Aug 21
APPF
Earnings call transcript
2021 Q1
10 May 21
APPF
Earnings call transcript
2020 Q4
2 Mar 21
APPF
Earnings call transcript
2020 Q3
9 Nov 20
Latest ownership filings
Financial summary
| Quarter (USD) | Sep 22 | Jun 22 | Mar 22 | Dec 21 | |
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| Revenue | |||||
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| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 67.48 mm | 67.48 mm | 67.48 mm | 67.48 mm | 67.48 mm | 67.48 mm |
| Cash burn (monthly) | (no burn) | 1.45 mm | 2.61 mm | 4.98 mm | (no burn) | (no burn) |
| Cash used (since last report) | n/a | 6.30 mm | 11.33 mm | 21.66 mm | n/a | n/a |
| Cash remaining | n/a | 61.18 mm | 56.15 mm | 45.83 mm | n/a | n/a |
| Runway (months of cash) | n/a | 42.2 | 21.5 | 9.2 | n/a | n/a |
Institutional ownership, Q3 2022
76.2% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 160 |
| Opened positions | 22 |
| Closed positions | 17 |
| Increased positions | 46 |
| Reduced positions | 60 |
| 13F shares | Current |
|---|---|
| Total value | 1.64 bn |
| Total shares | 15.55 mm |
| Total puts | 24.80 k |
| Total calls | 23.20 k |
| Total put/call ratio | 1.1 |
| Largest owners | Shares | Value |
|---|---|---|
| Brown Capital Management | 3.16 mm | $330.45 mm |
| Ashe Capital Management | 1.98 mm | $206.88 mm |
| Vanguard | 1.79 mm | $187.18 mm |
| Echo Street Capital Management | 1.32 mm | $137.96 mm |
| BLK Blackrock | 1.25 mm | $130.94 mm |
| Dynamo Internacional Gestao De Recursos Ltda. | 748.61 k | $85.72 mm |
| New York State Common Retirement Fund | 442.23 k | $46.31 mm |
| Gilder Gagnon Howe & Co | 397.34 k | $41.61 mm |
| Geode Capital Management | 340.84 k | $35.69 mm |
| 12 West Capital Management | 309.00 k | $32.36 mm |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 24 Jan 23 | Matthew S Mazza | Class A Common Stock | Payment of exercise | Dispose F | No | No | 119.07 | 423 | 50.37 k | 42,603 |
| 24 Jan 23 | Matthew S Mazza | Class A Common Stock | Grant | Acquire A | No | No | 0 | 1,035 | 0.00 | 43,026 |
| 24 Jan 23 | Matthew S Mazza | Class A Common Stock | Grant | Acquire A | No | No | 0 | 5,363 | 0.00 | 41,991 |
| 24 Jan 23 | Goon Fay Sien | Class A Common Stock | Grant | Acquire A | No | No | 0 | 10,726 | 0.00 | 64,767 |
| 24 Jan 23 | William Shane Trigg | Class A Common Stock | Grant | Acquire A | No | No | 0 | 25,027 | 0.00 | 63,882 |
| 24 Jan 23 | William Shane Trigg | Class A Common Stock | Payment of exercise | Dispose F | No | No | 119.07 | 1,146 | 136.45 k | 38,855 |
| 10 Dec 22 | Matthew S Mazza | Class A Common Stock | Payment of exercise | Dispose F | No | No | 107.57 | 912 | 98.10 k | 36,628 |
| 10 Nov 22 | William Shane Trigg | Class A Common Stock | Payment of exercise | Dispose F | No | No | 120.71 | 232 | 28.00 k | 41,092 |