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
21 Aug 26	Sell€1,829,470	Maurice Duca	Individual	9,756	€192.00
21 Aug 26	Sell€18,394	Maurice Duca	Individual	100	€183.94
19 Aug 26	Sell€64,827	Timothy Eaton	Individual	373	€173.80
14 Aug 26	Sell€364,209	William Trigg	Individual	2,057	€177.06
13 Aug 26	Sell€64,849	Maurice Duca	Individual	363	€178.65
12 Aug 26	Sell€80,492	Evan Pickering	Individual	463	€175.02
10 Aug 26	Sell€25,435	Don Rigler	Individual	150	€169.56
05 Aug 26	Sell€114,779	Evan Pickering	Individual	661	€173.64
13 Jul 26	Sell€1,738,066	Maurice Duca	Individual	11,000	€158.01
07 Jul 26	Sell€1,688,616	Maurice Duca	Individual	10,700	€157.88
12 Jun 26	Sell€20,672	Don Rigler	Individual	150	€137.81
12 Jun 26	Sell€357,388	Timothy Eaton	Individual	2,585	€139.77
12 Jun 26	Sell€67,301	Evan Pickering	Individual	500	€135.49
12 Jun 26	Sell€21,196	Evan Pickering	Individual	160	€132.47
15 May 26	Sell€470,326	William Trigg	Individual	3,584	€132.39
12 May 26	Sell€266,754	Elizabeth Barat	Individual	1,978	€134.86
17 Feb 26	Sell€999,261	William Trigg	Individual	6,963	€150.75
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

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	19,105	0.0539%
Private Companies	420,750	1.19%
General Public	1,839,098	5.19%
Individual Insiders	9,381,079	26.5%
Institutions	23,756,960	67.1%

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

Top Shareholders

Top 25 shareholders own 71.61% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
18%	Maurice Duca	6,364,369	€1.1b	-3.39%	no data
8.1%	Klaus Schauser	2,869,585	€508.2m	0%	no data
7.47%	BlackRock, Inc.	2,645,927	€468.6m	3.88%	0.01%
4.38%	Principal Global Investors, LLC	1,549,609	€274.4m	2.9%	0.14%
4.21%	Vanguard Portfolio Management, LLC	1,490,058	€263.9m	0.32%	0.01%
3.38%	Vanguard Capital Management, LLC	1,196,360	€211.9m	-0.42%	no data
2.96%	Ashe Capital Management, LP	1,047,915	€185.6m	0%	21.2%
2.21%	William Blair Investment Management, LLC	781,028	€138.3m	9.14%	0.21%
2.16%	State Street Investment Management	766,131	€135.7m	6.16%	no data
1.99%	The London Company of Virginia, LLC	703,151	€124.5m	0%	0.86%
1.98%	T. Rowe Price Group, Inc.	700,358	€124.0m	36.4%	0.01%
1.85%	Nellore Capital Management LLC	654,865	€116.0m	2.92%	14.09%
1.44%	Geode Capital Management, LLC	509,837	€90.3m	0.7%	no data
1.19%	Oceanlink Investments Limited	420,450	€74.5m	0%	no data
1.13%	Lead Edge Capital Management, LLC	399,656	€70.8m	90.1%	10.93%
1.11%	Neuberger Berman Investment Advisers LLC	394,158	€69.8m	26,100%	0.05%
1.03%	Morgan Stanley	364,274	€64.5m	153%	0.01%
0.99%	Kayne Anderson Rudnick Investment Management, LLC	351,847	€62.3m	-22.6%	0.23%
0.94%	Keenan Capital, LLC	334,557	€59.3m	0%	12.4%
0.91%	Dimensional Fund Advisors LP	321,989	€57.0m	8.55%	0.01%
0.9%	D.F. Dent and Company, Inc.	318,951	€56.5m	-0.49%	1.27%
0.87%	Invesco Capital Management LLC	309,432	€54.8m	285%	0.01%
0.86%	Long Walk Management LP	304,875	€54.0m	49.1%	13.48%
0.82%	Caledonia (Private) Investments Pty Limited	290,462	€51.4m	-11.5%	1.8%
0.77%	Greenstone Partners & Co.	273,617	€48.5m	0.04%	13.97%

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/09/10 06:36
End of Day Share Price	2026/09/10 00:00
Earnings	2026/06/30
Annual Earnings	2025/12/31

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 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 15 analysts. 10 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
Ananya Sivasubramaniam	CrispIdea
Sukshith Shetty	CrispIdea