AppFolio Inc. (NASDAQ:APPF) major shareholder Keenan Capital, Llc sold 2,936 shares of the business’s stock in a transaction dated Monday, November 14th. The shares were sold at an average price of $21.97, for a total value of $64,503.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions 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 value of $94,584.80.
  • On Tuesday, November 15th, Keenan Capital, Llc sold 4,445 shares of AppFolio stock. The shares were sold at an average price of $21.68, for a total value of $96,367.60.
  • 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 value 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 value of $112,119.00.

AppFolio Inc. (NASDAQ:APPF) opened at 21.60 on Monday. AppFolio Inc. has a one year low of $11.07 and a one year high of $22.55. The company’s 50-day moving average price is $19.42 and its 200-day moving average price is $16.81. The stock’s market cap is $727.83 million.

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

Large investors have recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of AppFolio by 66.3% in the second quarter. Vanguard Group Inc. now owns 244,405 shares of the company’s stock worth $3,534,000 after buying an additional 97,398 shares during the last quarter. BlackRock Fund Advisors raised its stake in shares of AppFolio by 7.9% in the third quarter. BlackRock Fund Advisors now owns 212,361 shares of the company’s stock worth $4,128,000 after buying an additional 15,555 shares during the last quarter. Northern Trust Corp raised its stake 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 during the last quarter. Wells Fargo & Company MN raised its stake 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 during the last quarter. Finally, BlackRock Institutional Trust Company N.A. raised its stake in shares of AppFolio by 16.7% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 86,517 shares of the company’s stock worth $1,251,000 after buying an additional 12,349 shares during the last quarter. Institutional investors and hedge funds own 13.68% of the company’s stock.

APPF has been the subject of a number of recent research reports. Credit Suisse Group AG initiated coverage on AppFolio in a research note on Tuesday, August 9th. They issued a “hold” rating and a $18.00 target price for the company. Zacks Investment Research raised AppFolio from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a research note on Friday, November 11th. Finally, Pacific Crest restated a “hold” rating on shares of AppFolio in a report on Tuesday, November 8th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. AppFolio currently has a consensus rating of “Hold” and a consensus target price of $19.33.

About AppFolio

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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