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APPF · Appfolio Inc
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TEAM-0.32% 13F +439META+2.47% 13F +2,694RCG-2.04% CLUSTERUTHR-4.03% 13F +425CRWV-1.12% 13F +693CRM-0.46% 13F +1,018CVNA+2.74% 13F +794TPL-0.71% 13F +444NET-4.47% 13F +710MSTR-1.35% 13F +526DELL+15.81% 13F +1,203CRWD-5.42% 13F +1,382ANET+2.87% 13F +1,323COIN-1.05% 13F +475TEAM-0.32% 13F +439META+2.47% 13F +2,694RCG-2.04% CLUSTERUTHR-4.03% 13F +425CRWV-1.12% 13F +693CRM-0.46% 13F +1,018CVNA+2.74% 13F +794TPL-0.71% 13F +444NET-4.47% 13F +710MSTR-1.35% 13F +526DELL+15.81% 13F +1,203CRWD-5.42% 13F +1,382ANET+2.87% 13F +1,323COIN-1.05% 13F +475
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APPF

APPFOLIO INC
SOFTWARE & IT · SERVICES-PREPACKAGED SOFTWARE · CIK 0001433195
CONGRESS · 1FORM 144 · 10☆ WATCH
INSIDER NET · 180D
-$45.1M
open-market buys minus sells, Form 4 codes P and S
INSIDER BUYERS · 180D
0
CONGRESS BUYERS · 1Y
1
FUNDS ADDED · QTR
227
13F, latest reported quarter
REVENUE GROWTH
+19.7%
XBRL, annual
NET MARGIN
14.8%
COMPLAINTS · 90D
15
- YoY · CFPB
SEVEN FACTS, RANKED AGAINST THE SECTOR · RANK IS NOT A FORECAST
INSIDERS
net -$45.1M over 180 days
-$44.2M over 90 days · -$42.9M of it by a 10%+ holder
below 89% of Software & IT
CONGRESS
1 member bought in the last year
the lowest in Software & IT
FUNDS
227 funds added or opened last quarter
more than 77% of Software & IT
REVENUE
+19.7% year over year
more than 72% of Software & IT
MARGIN
14.8% net margin
more than 81% of Software & IT
BUYBACKS
$125.0M repurchased, FY to 2026-06-30
more than 62% of Software & IT
SHORT
5.5 days to cover · settled 2026-07-31
THE SITUATION · EVERY LINE IS ONE RULE OVER ONE DATASET
Insiders are net sellers: -$45.1M across 6 people in 180 days.
227 funds added or opened positions in the latest 13F quarter, of 397 holders.
1 member of Congress reported buying it this year.
The year, with the filings on it
Total return indexed to 100 over the last 12 months · every marker is a federal filing, placed at its date — hover any marker for the detail
TOTAL 12M RETURN -18.3%
-18.3%12M
-48%-30%-13%+5%2025-092025-102025-122026-032026-052026-072026-09 2026-07-07 · DUCA MAURICE J sold $1.0M2026-07-13 · DUCA MAURICE J sold $1.0M2026-07-31 · DUCA MAURICE J sold $990.5K2026-07-07 · DUCA MAURICE J sold $631.3K2026-07-13 · DUCA MAURICE J sold $630.5K2026-07-31 · DUCA MAURICE J sold $619.2K2025-09-10 · Trigg William Shane sold $594.8K2026-07-16 · DUCA MAURICE J sold $577.1K2026-07-16 · DUCA MAURICE J sold $564.0K2026-08-18 · DUCA MAURICE J sold $527.6K2026-08-06 · DUCA MAURICE J sold $469.7K2026-07-17 · DUCA MAURICE J sold $468.4K2026-08-12 · DUCA MAURICE J sold $457.6K2026-08-03 · DUCA MAURICE J sold $455.1K2025-09-15 · Mazza Matthew S sold $453.1K2026-07-29 · DUCA MAURICE J sold $450.3K2026-07-16 · DUCA MAURICE J sold $436.7K2026-08-19 · DUCA MAURICE J sold $428.6K2026-08-20 · DUCA MAURICE J sold $425.3K2026-08-14 · Trigg William Shane sold $421.7K2025-09-08 · KERR JANET sold $416.5K2026-08-06 · DUCA MAURICE J sold $402.1K2026-08-05 · DUCA MAURICE J sold $393.0K2025-09-10 · Trigg William Shane sold $390.1K2026-08-12 · DUCA MAURICE J sold $387.6K2026-08-19 · DUCA MAURICE J sold $387.1K2025-09-11 · Mazza Matthew S sold $383.0K2026-08-17 · DUCA MAURICE J sold $368.4K2026-08-17 · DUCA MAURICE J sold $358.8K2026-08-11 · DUCA MAURICE J sold $358.7K2026-02-17 · Trigg William Shane sold $355.2K2026-08-10 · DUCA MAURICE J sold $350.0K2026-07-28 · DUCA MAURICE J sold $343.2K2026-07-28 · DUCA MAURICE J sold $343.1K2026-08-14 · DUCA MAURICE J sold $337.5K2026-08-20 · DUCA MAURICE J sold $337.4K2026-02-17 · Trigg William Shane sold $336.3K2026-07-28 · DUCA MAURICE J sold $330.1K2026-07-17 · DUCA MAURICE J sold $321.7K2026-05-12 · Barat Elizabeth Erin sold $312.8K2026-08-11 · DUCA MAURICE J sold $310.7K2026-08-05 · DUCA MAURICE J sold $296.4K2026-08-19 · TIMOTHY EATON filed to sell $76.1K2026-08-14 · WILLIAM SHANE TRIGG filed to sell $419.6K2026-08-12 · EVAN PICKERING filed to sell $65.4K2026-08-11 · EVAN PICKERING filed to sell $28.1K2026-08-10 · DON RIGLER filed to sell $59.6K2026-08-05 · EVAN PICKERING filed to sell $131.9K2026-07-07 · Maurice Duca J. Roth IRA filed to sell $11.4M2026-07-07 · Maurice J. Duca Family Trust Dated 3/25/1981 filed to sell $6.3M2026-07-07 · Maurice Duca, Trustee IGSB Money Purchase Pension Trust FBO Suzanne Duca filed to sell $21.5M2026-06-30 · KERR JANET filed to sell $536.7K
INSIDER SELLFORM 144
INDEXED RETURN, DIVIDEND-ADJUSTED — NOT A PRICE CHART · LARGE TRADES DRAWN FIRST WHEN A NAME FILES HEAVILY
Live price
Daily candles from TradingView, on their licence — no filings are marked on this one
WHY THIS NAME IS ON THE DESK
Insiders have filed to sell — before selling.
The record shows a net $45.1M sold by insiders over 180 days, 227 funds added last quarter, 1 Congress member(s) bought in 12 months, $40.6M in planned Form 144 sales. Every figure is a federal filing, dated the day it became public.
Backtest this pattern Open the screener
Same sector, ranked by filing activity
Sector from the SEC's own SIC classification
TEAMMETACRWVCRMNETCRWDDDOGDASHAPPIOTPCTYMDB
Insider transactions
Form 4 purchases and sales (codes P and S) — grants, option exercises and preferred conversions excluded

Over the last 180 days, APPFOLIO INC insiders sold a net $45.1M of stock across 957 Form 4 purchases and sales, with 0 insider(s) buying. Source: SEC Form 4 filings, as of 2026-09-04.

INSIDER
FILED
SHARES
VALUE
DUCA MAURICE J
—
SELL
2026-08-21
8.0
$1.7K
DUCA MAURICE J
—
SELL
2026-08-21
17.0
$3.7K
DUCA MAURICE J
—
SELL
2026-08-21
8.0
$1.7K
DUCA MAURICE J
—
SELL
2026-08-21
35.0
$7.7K
DUCA MAURICE J
—
SELL
2026-08-21
94.0
$20.9K
957 TRANSACTIONS ON RECORD

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Institutional holders
13F · holdings as of the latest quarter funds have reported
BlackRock, Inc.
2,645,927.0 sh
$424.3M
PRINCIPAL FINANCIAL GROUP INC
1,605,135.0 sh
$257.4M
VANGUARD PORTFOLIO MANAGEMENT LLC
1,490,058.0 sh
$238.9M
Ashe Capital Management, LP
1,047,915.0 sh
$168.0M
VANGUARD CAPITAL MANAGEMENT LLC
1,041,438.0 sh
$167.0M
SCHEDULE 13D/G
No 5%+ ownership filings
Nobody has crossed 5% with a filing obligation. Absence is a fact here, not missing data.
Planned sales · Form 144
Filed before the sale — intent, not a trade
TIMOTHY EATON
FILED 2026-08-19
$76.1K
WILLIAM SHANE TRIGG
FILED 2026-08-14
$419.6K
EVAN PICKERING
FILED 2026-08-12
$65.4K
EVAN PICKERING
FILED 2026-08-11
$28.1K
DON RIGLER
FILED 2026-08-10
$59.6K
Fund concentration
N-PORT · funds ranked by how much of THEMSELVES they put in this stock — the conviction number 13F cannot show
Virtus KAR Small-Cap Growth Series
$1.9M POSITION · AS OF 2026-03-31
4.3%
Virtus KAR Small-Cap Growth Fund
$33.6M POSITION · AS OF 2026-03-31
4.1%
Brown Capital Management Small Company Fund
$12.2M POSITION · AS OF 2026-03-31
3.8%
DF DENT MIDCAP GROWTH FUND
$9.6M POSITION · AS OF 2026-03-31
3.7%
DF DENT SMALL CAP GROWTH FUND
$3.2M POSITION · AS OF 2026-03-31
2.1%
Invesco S&P MidCap 400 GARP ETF
$9.1M POSITION · AS OF 2026-04-30
1.9%
SEC N-PORT, MONTHLY WITH A ~60-DAY PUBLIC LAG · FUNDS ≥ $10M · % = SHARE OF THE FUND'S OWN BOOK
Executive pay vs shareholder return · Mr. Trigg
DEF 14A pay-versus-performance disclosure · both the headline pay and the SEC's mark-to-market figure, beside the return the company delivered and the return of the peer group it chose itself
FY
CEO TOTAL
ACTUALLY PAID
OTHER NEOs AVG
TSR
PEER TSR
2020
$742.2K
$1.4M
$1.9M
+64%
+50%
TAGGED BY THE COMPANY UNDER SEC ITEM 402(v) · RETURN IS CUMULATIVE FROM THE START OF THE DISCLOSURE PERIOD · GREEN WHERE THE COMPANY BEAT ITS OWN PEER GROUP
Fundamentals
Annual figures from XBRL filings · pick a past date to see them exactly as the market knew them then — restatements and all
2025-122024-122023-122022-12
REVENUE$950.8M$794.2M$620.4M$471.9M
OPERATING INCOME$152.9M$135.6M$963.0K$-72.4M
NET INCOME$140.9M$204.1M$2.7M$-68.1M
EPS (DILUTED)3.885.550.07-1.95
OPERATING CASH FLOW$242.1M$188.2M$60.3M$25.4M
CASH$107.0M$42.5M$49.5M$70.8M
BUYBACKS$145.7M$0$0$0
SEC XBRL · FISCAL-YEAR PERIODS · AS KNOWN ON 2026-09-04 · NOBODY ELSE SHOWS FUNDAMENTALS AS OF A PAST DATE
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Public filings, honestly analyzed. Official US government sources in one desk — every figure carries the date it was filed, and the methodology is published, backtest included.

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© 2026 WAVEMAN · SOURCE: SEC EDGAR & OFFICIAL GOVERNMENT DATA · NOT INVESTMENT ADVICE · CHART BY TRADINGVIEW · UPDATED 2026-09-04 ALL SYSTEMS LIVE FOR MACHINES →