Brown Capital Dumps 190,000 AppFolio Shares Worth $45.1 Million
2026-03-06 16:52:30 ET
On February 17, 2026, Brown Capital Management reported selling 189,819 AppFolio shares, an estimated $45.11 million trade based on quarterly average pricing, per SEC filings.
According to a Securities and Exchange Commission (SEC) filing dated February 17, 2026, Brown Capital Management sold 189,819 shares of AppFolio (NASDAQ:APPF) during the fourth quarter. The estimated transaction value was $45.11 million, based on the average closing price for the period. The quarter-end value of the AppFolio position declined by $58.87 million, a figure that includes both the share reduction and changes in the stock price.
AppFolio is a technology company specializing in cloud software solutions for the real estate sector, with a focus on automating and streamlining property management and investment workflows. The company leverages a recurring revenue model, supported by both software subscriptions and ancillary service fees. AppFolio's competitive advantage lies in its integrated platform approach and its ability to address complex operational needs for property managers and real estate investors at scale.
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