AppFolio principal accounting officer Don Rigler sells $29,380 in shares By Investing.com

Don Rigler, Principal Accounting Officer at AppFolio Inc. (), sold 150 shares of Class A Common Stock on August 10, 2026. The shares were sold at a price of $195.87 each, totaling $29,380. This transaction was executed pursuant to a pre-arranged plan adopted by Mr. Rigler on or around March 13, 2026. The sale price aligns closely with the current stock price of $196.77, as the $6.97 billion company trades down 15% year-to-date despite strong fundamentals.

On the same date, 107 additional shares of Class A Common Stock were disposed of by the company to cover tax withholding obligations for Mr. Rigler. These shares, valued at $199.54 each, totaled $21,350. Specifically, 45 shares were withheld in connection with the vesting of restricted stock units (RSUs) granted on February 20, 2026, and 62 shares were withheld for RSUs granted on April 2, 2025.

Following these reported transactions, Mr. Rigler directly holds 4,025 shares of AppFolio Class A Common Stock. While InvestingPro data shows the stock trading at a high earnings multiple with a P/E ratio of 44.69, the company appears undervalued according to Fair Value analysis. Investors seeking deeper insights can access 13 additional InvestingPro Tips and comprehensive financial health metrics rated “GREAT” for this stock.

In other recent news, AppFolio reported its second-quarter 2026 revenue, which rose by 19% compared to the previous year, reaching $281 million. This figure surpassed Wall Street’s forecast of $277.26 million, indicating stronger customer adoption and increased use of higher-priced services. Additionally, the company announced it has crossed $1 billion in trailing 12-month revenue for the first time. DA Davidson reiterated a Buy rating for AppFolio, maintaining a price target of $225.00. The firm highlighted positive developments such as the acceleration in premium tier adoption and contributions from new offerings. DA Davidson also noted the durable addition of new units as a factor in their positive outlook. These recent developments suggest continued growth potential for AppFolio.

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