AppFolio Inc. (NASDAQ:APPF) major shareholder Keenan Capital, Llc sold 22,384 shares of the company’s stock in a transaction that occurred on Monday, November 21st. The stock was sold at an average price of $21.68, for a total value of $485,285.12. The sale was disclosed in a filing with the SEC, which is available at this link. Major shareholders that own more than 10% of a company’s shares 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, 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 value 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 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 21.80 on Tuesday. The firm’s market capitalization is $734.57 million. AppFolio Inc. has a one year low of $11.07 and a one year high of $22.55. The firm has a 50-day moving average price of $19.55 and a 200-day moving average price of $16.97.

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

A number of equities research analysts recently weighed in on the company. Credit Suisse Group AG assumed coverage on AppFolio in a research note on Tuesday, August 9th. They issued a “hold” rating and a $18.00 price target on the stock. Zacks Investment Research cut AppFolio from a “buy” rating to a “hold” rating in a research note on Tuesday, October 11th. Finally, Pacific Crest restated a “hold” rating on shares of AppFolio in a research note on Tuesday, November 8th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $19.33.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. California State Teachers Retirement System boosted 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 valued at $314,000 after buying an additional 200 shares during the last quarter. BlackRock Fund Advisors boosted its position in shares of AppFolio by 7.9% in the third quarter. BlackRock Fund Advisors now owns 212,361 shares of the company’s stock valued at $4,128,000 after buying an additional 15,555 shares during the last quarter. Wells Fargo & Company MN boosted 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 valued at $1,871,000 after buying an additional 1,794 shares during the last quarter. Rathbone Brothers plc bought a new position in shares of AppFolio during the third quarter valued at about $267,000. Finally, Summit Securities Group LLC bought a new position in shares of AppFolio during the second quarter valued at about $155,000. 13.68% of the stock is currently owned by institutional investors.

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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