AppFolio Inc. (NASDAQ: APPF) director Maurice J. Duca sold 9,856 Class A common shares on Aug. 20 and Aug. 21, totaling approximately $2.16 million, according to a regulatory filing.
The transactions were conducted at prices between $214.71 and $224.14 per share, with AppFolio’s stock last trading at $225.10 during regular hours. The sales were executed under a pre-arranged 10b5-1 trading plan adopted by Duca on March 13, 2026.
Of the shares sold, 1,824 were from a family trust and 8,032 from a pension trust, where Duca serves as sole trustee but holds no pecuniary interest. Following the transactions, Duca’s direct holdings in AppFolio totaled 31,005 Class A shares. Indirect holdings include 8,000 shares via the family trust, 31,500 via the pension trust, and additional positions through multiple LLCs and a gift trust with usufruct.
AppFolio reported a 19% year-over-year increase in second-quarter revenue to $281 million, exceeding Wall Street’s estimate of $277.26 million. The company also crossed the $1 billion mark in trailing 12-month cumulative revenue for the first time. Shares of AppFolio were up 14.87% over the past week and 35% over the last six months, with a daily gain of 0.31% at the time of the report.
DA Davidson maintained its $225 price target and
