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
24 Nov 25	Sell€102,445	Timothy Eaton	Individual	517	€198.15
15 Sep 25	Sell€710,860	Matthew Mazza	Individual	3,000	€238.71
10 Sep 25	Sell€945,163	William Trigg	Individual	4,000	€237.73
27 Aug 25	Sell€878,542	Maurice Duca	Individual	3,700	€239.07
26 Aug 25	Sell€3,050,953	Maurice Duca	Individual	12,900	€237.47
25 Aug 25	Sell€157,895	Timothy Eaton	Individual	667	€236.72
12 Aug 25	Sell€1,141,195	Maurice Duca	Individual	4,824	€240.75
11 Aug 25	Sell€2,747,291	Maurice Duca	Individual	11,200	€250.56
07 Aug 25	Sell€1,470,058	Maurice Duca	Individual	5,600	€269.56
06 Aug 25	Sell€1,482,603	Maurice Duca	Individual	5,600	€269.21
05 Aug 25	Sell€1,519,249	Maurice Duca	Individual	5,600	€278.15
04 Aug 25	Sell€3,000,047	Maurice Duca	Individual	11,200	€281.15
01 Aug 25	Sell€766,854	Klaus Schauser	Individual	3,000	€264.16
11 Jun 25	Sell€928,719	Elizabeth Barat	Individual	4,682	€198.36
09 Jun 25	Buy€4,151,227	Timothy Bliss	Individual	21,825	€191.56
06 Jun 25	Buy€764,755	Robert Casey	Individual	4,000	€191.19
06 Jun 25	Buy€33,480	Timothy Bliss	Individual	175	€191.31
16 May 25	Sell€209,730	Timothy Eaton	Individual	1,057	€198.42
14 Feb 25	Buy€2,764,115	Alexander Wolf	Individual	13,500	€205.68
23 Jan 25	Sell€205,491	Matthew Mazza	Individual	838	€245.22
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

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	18,886	0.0526%
Private Companies	420,750	1.17%
General Public	4,206,133	11.7%
Individual Insiders	10,786,755	30%
Institutions	20,488,846	57%

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

Top Shareholders

Top 25 shareholders own 70.45% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
18.3%	Maurice Duca	6,587,369	€1.3b	0%	no data
7.99%	Klaus Schauser	2,869,585	€569.0m	0%	no data
6.85%	The Vanguard Group, Inc.	2,458,994	€487.6m	2.3%	0.01%
6.67%	BlackRock, Inc.	2,395,932	€475.1m	2.43%	0.01%
3.71%	Ashe Capital Management, LP	1,331,260	€264.0m	0%	23.1%
3.25%	Principal Global Investors, LLC	1,167,279	€231.5m	40.1%	0.11%
2.58%	Timothy Bliss	925,290	€183.5m	0%	no data
1.89%	State Street Global Advisors, Inc.	678,071	€134.5m	-2.04%	no data
1.84%	William Blair Investment Management, LLC	660,830	€131.0m	-21.7%	0.18%
1.71%	Kayne Anderson Rudnick Investment Management, LLC	615,626	€122.1m	-10.3%	0.34%
1.59%	T. Rowe Price Group, Inc.	571,097	€113.2m	25.7%	0.01%
1.44%	Gilder Gagnon Howe & Co. LLC	517,750	€102.7m	-1.44%	1.24%
1.38%	FMR LLC	494,444	€98.0m	-13.8%	0.01%
1.32%	Nellore Capital Management LLC	474,964	€94.2m	-6.3%	12.63%
1.28%	Geode Capital Management, LLC	460,903	€91.4m	5.1%	0.01%
1.19%	D.F. Dent and Company, Inc.	427,598	€84.8m	-13.6%	1.27%
1.17%	Oceanlink Investments Limited	420,450	€83.4m	0%	no data
0.95%	Brown Capital Management, LLC	341,942	€67.8m	-40.9%	1.81%
0.91%	Invesco Ltd.	327,417	€64.9m	35.7%	0.02%
0.88%	Arrowstreet Capital, Limited Partnership	317,413	€62.9m	8.42%	0.04%
0.8%	Long Walk Management LP	288,500	€57.2m	4.41%	14.17%
0.78%	Dimensional Fund Advisors LP	278,561	€55.2m	4.71%	0.01%
0.68%	Northern Trust Global Investments	245,927	€48.8m	28.6%	0.01%
0.63%	Caledonia (Private) Investments Pty Limited	228,026	€45.2m	-4.54%	0.83%
0.62%	Alexander Wolf	221,084	€43.8m	0%	no data

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/11/26 08:42
End of Day Share Price	2025/11/26 00:00
Earnings	2025/09/30
Annual Earnings	2024/12/31

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.

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 Github.

Analyst Sources

AppFolio, Inc. is covered by 12 analysts. 6 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
Justin Ages	Berenberg
William Jellison	D.A. Davidson & Co.
Clark Wright	D.A. Davidson & Co.