AppFolio Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

DB:4P0 Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
11 Dec 24	Sell€629,907	Matthew Mazza	Individual	2,567	€246.36
11 Dec 24	Sell€528,800	Matthew Mazza	Individual	2,160	€244.81
06 Dec 24	Sell€1,032,848	William Trigg	Individual	4,145	€250.48
02 Dec 24	Sell€121,695	Agnes Bundy Scanlan	Individual	500	€243.39
27 Nov 24	Sell€687,839	Maurice Duca	Individual	2,870	€241.59
25 Nov 24	Sell€1,489,658	Maurice Duca	Individual	6,413	€240.96
25 Nov 24	Sell€23,317	Maurice Duca	Individual	100	€233.17
20 Nov 24	Sell€1,082,041	Maurice Duca	Individual	4,969	€219.17
13 Nov 24	Sell€1,137,067	Matthew Mazza	Individual	5,090	€225.88
11 Nov 24	Sell€199,132	Matthew Mazza	Individual	926	€215.05
25 Sep 24	Sell€1,123,849	Maurice Duca	Individual	5,294	€214.32
23 Sep 24	Sell€8,138	Maurice Duca	Individual	39	€208.68
20 Sep 24	Sell€924,693	Maurice Duca	Individual	4,406	€210.82
30 Aug 24	Sell€816,638	Maurice Duca	Individual	3,875	€211.99
28 Aug 24	Sell€940,302	Maurice Duca	Individual	4,471	€212.48
15 Aug 24	Sell€477,521	Matthew Mazza	Individual	2,371	€202.74
30 Jul 24	Sell€21,624	Maurice Duca	Individual	100	€216.24
29 Jul 24	Sell€2,622,237	Maurice Duca	Individual	11,827	€249.57
25 Jul 24	Sell€2,498,411	Maurice Duca	Individual	10,389	€246.07
24 Jul 24	Sell€2,121,043	Maurice Duca	Individual	8,655	€251.14
22 Jul 24	Sell€248,076	Klaus Schauser	Individual	1,000	€248.08
12 Jul 24	Sell€238,420	Klaus Schauser	Individual	1,000	€238.42
08 Jul 24	Sell€1,361,832	Maurice Duca	Individual	5,891	€235.36
02 Jul 24	Sell€2,875,892	Maurice Duca	Individual	12,605	€233.12
02 Jul 24	Sell€21,418	Maurice Duca	Individual	95	€225.45
27 Jun 24	Sell€2,718,852	Maurice Duca	Individual	12,013	€233.30
27 Jun 24	Sell€43,902	Maurice Duca	Individual	200	€223.50
24 Jun 24	Sell€2,534,730	Maurice Duca	Individual	11,746	€222.32
18 Jun 24	Sell€1,580,850	Maurice Duca	Individual	7,350	€217.64
18 Jun 24	Sell€21,134	Maurice Duca	Individual	100	€212.29
14 Jun 24	Sell€543,007	Janet Kerr	Individual	2,500	€217.62
12 Jun 24	Sell€8,323,631	Timothy Bliss	Individual	38,270	€223.63
10 Jun 24	Sell€13,321,346	Timothy Bliss	Individual	61,730	€218.66
21 May 24	Sell€11,220,259	Timothy Bliss	Individual	50,409	€224.85
15 May 24	Sell€1,886,661	William Trigg	Individual	8,210	€230.08
13 May 24	Sell€492,528	Matthew Mazza	Individual	2,131	€231.65
13 May 24	Sell€2,318,659	Alexander Wolf	Individual	10,000	€231.87
12 Mar 24	Sell€13,411,292	Timothy Bliss	Individual	65,000	€209.12
29 Feb 24	Sell€1,517,088	William Trigg	Individual	6,831	€222.09
15 Feb 24	Sell€968,250	Matthew Mazza	Individual	4,420	€219.72

Insider Trading Volume

Insider Buying: 4P0 insiders have only sold shares in the past 3 months.

Ownership Breakdown

What is the ownership structure of 4P0?
Owner Type	Number of Shares	Ownership Percentage
State or Government	14,900	0.0415%
Private Companies	420,450	1.17%
General Public	4,852,484	13.5%
Individual Insiders	11,145,128	31%
Institutions	19,481,354	54.2%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Top 25 shareholders own 66.39% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
18.5%	Maurice Duca	6,647,993	€1.6b	-0.38%	no data
8.83%	Klaus Schauser	3,172,585	€762.7m	-5.99%	no data
6.69%	The Vanguard Group, Inc.	2,404,353	€578.0m	11.3%	0.01%
6.58%	BlackRock, Inc.	2,364,516	€568.4m	6.28%	0.01%
3.89%	Ashe Capital Management, LP	1,397,308	€335.9m	0%	22.98%
2.52%	Timothy Bliss	903,290	€217.2m	0%	no data
2.24%	Brown Capital Management, LLC	804,645	€193.4m	-11.6%	2.72%
1.82%	State Street Global Advisors, Inc.	653,136	€157.0m	8.15%	0.01%
1.52%	Gilder Gagnon Howe & Co. LLC	547,351	€131.6m	-2.26%	1.46%
1.28%	Lord, Abbett & Co. LLC	459,285	€110.4m	82.2%	0.35%
1.26%	AQR Capital Management, LLC	453,799	€109.1m	677%	0.15%
1.17%	Oceanlink Investments Limited	420,450	€101.1m	0%	no data
1.15%	Geode Capital Management, LLC	413,032	€99.3m	8.61%	0.01%
1.04%	Invesco Ltd.	375,086	€90.2m	63.1%	0.02%
0.98%	D.F. Dent and Company, Inc.	351,691	€84.5m	10.1%	1.07%
0.87%	Nellore Capital Management LLC	313,619	€75.4m	12.2%	10.02%
0.85%	Macquarie Investment Management Business Trust	306,012	€73.6m	22.1%	0.09%
0.73%	GW&K Investment Management, LLC	262,457	€63.1m	-4.22%	0.54%
0.73%	Norges Bank Investment Management	261,716	€62.9m	0%	0.01%
0.7%	T. Rowe Price Group, Inc.	252,442	€60.7m	-50.4%	0.01%
0.65%	Renaissance Technologies LLC	231,700	€55.7m	5.8%	0.08%
0.64%	Franklin Resources, Inc.	228,549	€54.9m	32.8%	0.02%
0.59%	Driehaus Capital Management LLC	212,984	€51.2m	-6.43%	0.34%
0.58%	Alexander Wolf	207,584	€49.9m	0%	no data
0.55%	BNY Asset Management	197,605	€47.5m	-17.3%	0.01%

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/01/02 09:02
End of Day Share Price	2025/01/02 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

AppFolio, Inc. is covered by 14 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Ishan Majumdar	Baptista Research
Justin Ages	Berenberg
Michael Nemeroff	Credit Suisse