Get emailed when APPF changes direction
Insider selling: $110,977,819 sold by 18 insiders (30d)
Est. revisions:
+0.0%
(5 up, 0 down in 30d)
Backed by structured data (insider trades, analyst ratings, or filings)
Factor Model (net +1.2)
Factor Model
net +1.2 2.2 / 10
Est. Revisions
+0.0
Insider Activity
+0.0
Momentum
+0.0
Analyst Rev.
+1.0
Narrative Gap
+0.0
$150M Credit Line With Tight Covenants Locks In Growth
Watch: Watch quarterly earnings for covenant compliance metrics and any commentary on debt paydown progress. A miss on revenue or cash flow could trigger acceleration toward covenant violations and forced asset sales.
AppFolio landed a $150 million senior secured revolving credit facility from PNC Bank on February 6, 2026, but the terms come with heavy restrictions — tight covenants limit additional debt, major investments, asset sales, and shareholder returns. The company's financial flexibility is now materially constrained. Despite these guardrails, UBS analyst Seth Gilbert reaffirmed a Buy rating with a $260 price target, implying 47.8% upside.
The financing solves near-term liquidity needs but signals lenders view the company as higher-risk than before. Growth initiatives and shareholder returns will face regulatory friction going forward, potentially capping stock appreciation in the near term. The covenants are a warning flag — if AppFolio hits financial headwinds, default risk becomes material.
Evidence
8d ago
Insider buy by CASEY ROBERT DONALD III (APPF): $870,920
8d ago
Insider buy by WOLF ALEXANDER (APPF): $2,903,482
8d ago
Insider sell by BLISS TIMOTHY K (APPF): $12,182,692
8d ago
Insider sell by BLISS TIMOTHY K (APPF): $14,311,717
8d ago
Insider buy by BLISS TIMOTHY K (APPF): $4,778,054
47d ago
Financial Restrictions To Hurt AppFolio, Inc. (APPF) But Analysts Reaffirm Price Target
yahoo-finance
58d ago
Financial Restrictions To Hurt AppFolio, Inc. (APPF) But Analysts Reaffirm Price Target
yahoo-finance
Fundamentals & Data ▾
AppFolio, Inc.
Technology · Software - Application
Mkt Cap
$6B
P/E
40.8 fwd 19.9
Beta
0.84
52w Range
$142.73 - $326.04
Short Interest
2.2M 11.49%
Days to Cover
5.9 +16%
Technicals
downtrend
from 52w Hi
-0.3%
1w return
+6.2%
Insiders
selling
1B / 9S
EPS Estimate
$1.47
+0.0% 30d
5up / 0dn
Est. Dispersion
10%
7 analysts
Analyst Target
$264
$222 - $300
Options P/C
0.13
Insider Cluster
strong buy
3B / 9S
Fund Convergence
strong
Citadel, Renaissance, Bridgewater, Two Sigma
Financials
Revenue
$248M +22% YoY
FCF
$63M
Gross Margin
64%
Op Margin
18%
Momentum:
decelerating
Top Holders
Citadel
$97M
Renaissance
$34M
Bridgewater
$10M
Two Sigma
$6M
Recent Filings & Data
insider trade
110
net selling
· $110,977,819 sold
· $8,552,456 bought
18 insiders · 110 transactions (30d)
Recent transactions
KERR JANET E · other
RIGLER DON · award
TRIGG WILLIAM SHANE · sell · $1,181,858
CASEY SAORI · award
TRIGG WILLIAM SHANE · award · $2,658,984
EATON TIMOTHY MATHIAS · award · $1,396,244
BARAT ELIZABETH ERIN · award · $1,329,775
PICKERING EVAN · award · $498,618
DUCA MAURICE J · other
EATON TIMOTHY MATHIAS · award
BARAT ELIZABETH ERIN · award
PICKERING EVAN · award
EATON TIMOTHY MATHIAS · sell · $118,052
SCHAUSER KLAUS PH.D. · other
TRIGG WILLIAM SHANE · sell · $949,052
PICKERING EVAN · sell · $81,386
KERR JANET E · other
DUCA MAURICE J · other
MAZZA MATTHEW S · sell · $836,110
TRIGG WILLIAM SHANE · sell · $1,107,786
KERR JANET E · other
KERR JANET E · sell · $712,601
DUCA MAURICE J · sell · $1,019,782
DUCA MAURICE J · sell · $3,556,304
EATON TIMOTHY MATHIAS · sell · $184,479
TRIGG WILLIAM SHANE · sell · $798,120
DUCA MAURICE J · sell · $1,332,238
DUCA MAURICE J · sell · $1,581,404
DUCA MAURICE J · sell · $1,604,230
DUCA MAURICE J · sell · $1,709,767
DUCA MAURICE J · sell · $1,725,361
DUCA MAURICE J · sell · $1,759,000
DUCA MAURICE J · sell · $1,799,293
DUCA MAURICE J · sell · $1,670,975
SCHAUSER KLAUS PH.D. · other
SCHAUSER KLAUS PH.D. · sell · $885,410
CASEY ROBERT DONALD III · award
EATON TIMOTHY MATHIAS · award
VON BLOTTNITZ ANDREAS · award
KERR JANET E · award
BUNDY SCANLAN AGNES · award
WEBB WINIFRED MARKUS · award
NOTTEBOHM OLIVIA · award
CASEY ROBERT DONALD III · award
BARAT ELIZABETH ERIN · sell · $1,066,513
BLISS TIMOTHY K · buy · $4,778,054
CASEY ROBERT DONALD III · buy · $870,920
TRIGG WILLIAM SHANE · sell · $1,247,555
EATON TIMOTHY MATHIAS · sell · $233,734
CASEY ROBERT DONALD III · award
APPFOLIO INC · award
CASEY ROBERT DONALD III · award
EATON TIMOTHY MATHIAS · award
DUCA MAURICE J · other
TRIGG WILLIAM SHANE · sell · $760,662
WOLF ALEXANDER · buy · $2,903,482
TRIGG WILLIAM SHANE · award
MAZZA MATTHEW S · award
BARAT ELIZABETH ERIN · award
TRIGG WILLIAM SHANE · award
MAZZA MATTHEW S · award
MAZZA MATTHEW S · sell · $213,941
MAZZA MATTHEW S · sell · $1,214,959
TRIGG WILLIAM SHANE · sell · $1,091,459
VON BLOTTNITZ ANDREAS · sell · $5,213,897
VON BLOTTNITZ ANDREAS · other
BUNDY SCANLAN AGNES · sell · $127,710
DUCA MAURICE J · sell · $726,334
DUCA MAURICE J · sell · $1,586,094
DUCA MAURICE J · sell · $1,137,793
TRIGG WILLIAM SHANE · sell · $804,475
MAZZA MATTHEW S · sell · $1,202,482
MAZZA MATTHEW S · sell · $212,091
DUCA MAURICE J · sell · $1,263,077
DUCA MAURICE J · sell · $1,029,955
DUCA MAURICE J · other
DUCA MAURICE J · sell · $903,261
DUCA MAURICE J · sell · $1,046,408
TRIGG WILLIAM SHANE · sell · $766,649
MAZZA MATTHEW S · sell · $524,518
DUCA MAURICE J · sell · $23,360
DUCA MAURICE J · sell · $2,837,919
DUCA MAURICE J · sell · $2,713,010
DUCA MAURICE J · sell · $2,556,901
DUCA MAURICE J · other
SCHAUSER KLAUS PH.D. · other
SCHAUSER KLAUS PH.D. · sell · $270,000
SCHAUSER KLAUS PH.D. · sell · $260,000
DUCA MAURICE J · sell · $1,475,441
DUCA MAURICE J · sell · $3,110,704
DUCA MAURICE J · sell · $2,957,664
VON BLOTTNITZ ANDREAS · sell · $2,046,816
VON BLOTTNITZ ANDREAS · award
KERR JANET E · award
BUNDY SCANLAN AGNES · award
WEBB WINIFRED MARKUS · award
NOTTEBOHM OLIVIA · award
NOTTEBOHM OLIVIA · sell · $110,625
VON BLOTTNITZ ANDREAS · other
DUCA MAURICE J · sell · $2,719,375
DUCA MAURICE J · sell · $1,720,528
KERR JANET E · sell · $580,818
BLISS TIMOTHY K · sell · $9,028,779
BLISS TIMOTHY K · sell · $14,311,717
BLISS TIMOTHY K · other
BLISS TIMOTHY K · sell · $12,182,692
TRIGG WILLIAM SHANE · sell · $2,050,495
WOLF ALEXANDER · sell · $2,502,600
MAZZA MATTHEW S · sell · $531,600
TRIGG WILLIAM SHANE · award
8 signals · latest 8d ago
Get alerted when APPF changes direction
We'll email you when our AI detects a shift — reversals, insider clusters, filing red flags.