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SANTA BARBARA - Real estate technology company AppFolio, Inc. (NASDAQ:APPF), currently valued at $9.6 billion, has appointed Tim Eaton as Chief Financial Officer, effective July 30, the company announced in a press release Thursday. According to InvestingPro data, the company has demonstrated strong financial performance with a 22.7% revenue growth over the last twelve months.
Eaton, who has been serving as Interim Chief Financial Officer since October 2024, joined AppFolio in 2020 and has held various leadership positions including Chief of Staff to the CEO.
Prior to joining AppFolio, Eaton worked in financial, strategic, and operational roles at Visa, Google, and Goldman Sachs. He holds an M.B.A. in finance and entrepreneurship from the Wharton School at the University of Pennsylvania, a B.S. in Business Management from Brigham Young University, and is a CFA charterholder.
"Tim’s appointment reflects his impactful leadership in positioning AppFolio for long-term growth and success," said Shane Trigg, CEO of AppFolio, according to the statement.
Eaton commented on his permanent appointment, stating, "AppFolio’s future is bright, and I am deeply proud to be part of an organization that values continuous innovation, close customer partnerships, and building trust every day."
AppFolio describes itself as a technology provider for the real estate industry, offering platforms designed to help real estate businesses increase operational efficiency.
The announcement comes as part of the company’s ongoing leadership structure following Eaton’s interim role that began last fall.
In other recent news, AppFolio has reported its second-quarter results for 2025, surpassing Wall Street expectations. The company’s earnings per share reached $1.38, outperforming the forecasted $1.27 by 8.66%. Additionally, AppFolio’s revenue hit $236 million, exceeding the anticipated $230.1 million. These results reflect a notable growth acceleration, with the company’s top-line growth increasing to 19%, up from 16% in the previous quarter. Piper Sandler has responded to these developments by upgrading AppFolio’s stock rating from Neutral to Overweight. The firm also raised its price target for the company from $240.00 to $350.00. This upgrade highlights the positive impact of AppFolio’s go-to-market and product investments. These recent developments indicate a strong performance for AppFolio, drawing attention from investors and analysts alike.
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