AppFolio Inc. (NASDAQ:APPF) major shareholder Keenan Capital, Llc sold 4,445 shares of the stock in a transaction that occurred on Tuesday, November 15th. The shares were sold at an average price of $21.68, for a total transaction of $96,367.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Keenan Capital, Llc also recently made the following trade(s):

  • On Wednesday, November 16th, Keenan Capital, Llc sold 4,315 shares of AppFolio stock. The shares were sold at an average price of $21.92, for a total transaction of $94,584.80.
  • On Monday, November 14th, Keenan Capital, Llc sold 2,936 shares of AppFolio stock. The shares were sold at an average price of $21.97, for a total transaction of $64,503.92.
  • On Monday, September 19th, Keenan Capital, Llc sold 9,118 shares of AppFolio stock. The shares were sold at an average price of $19.22, for a total transaction of $175,247.96.
  • On Thursday, September 15th, Keenan Capital, Llc sold 5,700 shares of AppFolio stock. The shares were sold at an average price of $19.67, for a total transaction of $112,119.00.

AppFolio Inc. (NASDAQ:APPF) traded down 1.60% during trading on Thursday, hitting $21.50. 8,825 shares of the stock traded hands. AppFolio Inc. has a 12 month low of $11.07 and a 12 month high of $22.55. The stock’s market cap is $249.57 billion. The company has a 50-day moving average price of $19.36 and a 200-day moving average price of $16.74.

Insider Buying and Selling by Quarter for AppFolio (NASDAQ:APPF)

Several institutional investors have recently modified their holdings of APPF. California State Teachers Retirement System increased its position in shares of AppFolio by 1.3% in the third quarter. California State Teachers Retirement System now owns 16,138 shares of the company’s stock worth $314,000 after buying an additional 200 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of AppFolio by 1.9% in the third quarter. Wells Fargo & Company MN now owns 96,237 shares of the company’s stock worth $1,871,000 after buying an additional 1,794 shares in the last quarter. State Street Corp increased its position in shares of AppFolio by 4.7% in the second quarter. State Street Corp now owns 74,197 shares of the company’s stock worth $1,074,000 after buying an additional 3,346 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of AppFolio by 23.0% in the second quarter. Bank of New York Mellon Corp now owns 24,981 shares of the company’s stock worth $361,000 after buying an additional 4,664 shares in the last quarter. Finally, Northern Trust Corp increased its position in shares of AppFolio by 4.8% in the third quarter. Northern Trust Corp now owns 103,285 shares of the company’s stock worth $2,008,000 after buying an additional 4,726 shares in the last quarter. Institutional investors own 13.40% of the company’s stock.

APPF has been the subject of several analyst reports. Credit Suisse Group AG initiated coverage on shares of AppFolio in a research note on Tuesday, August 9th. They set a “hold” rating and a $18.00 price target for the company. Zacks Investment Research downgraded shares of AppFolio from a “buy” rating to a “hold” rating in a research note on Tuesday, October 11th. Finally, Pacific Crest reaffirmed a “hold” rating on shares of AppFolio in a research note on Tuesday, November 8th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. AppFolio currently has an average rating of “Hold” and a consensus target price of $19.33.

AppFolio Company Profile

AppFolio, Inc is a provider of industry-specific, cloud-based software solutions for small and medium-sized businesses (SMBs) in the property management and legal industries. The Company’s mobile-optimized software solutions enable its customers to work at any time and from anywhere across multiple devices.

5 Day Chart for NASDAQ:APPF

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