AppFolio Inc. (NASDAQ:APPF) major shareholder Keenan Capital, Llc sold 9,116 shares of the stock in a transaction on Wednesday, November 23rd. The stock was sold at an average price of $22.03, for a total value of $200,825.48. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

  • On Monday, November 21st, Keenan Capital, Llc sold 22,384 shares of AppFolio stock. The stock was sold at an average price of $21.68, for a total value of $485,285.12.
  • On Wednesday, November 16th, Keenan Capital, Llc sold 4,315 shares of AppFolio stock. The stock was 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 21.90 on Wednesday. The stock has a 50 day moving average price of $19.90 and a 200-day moving average price of $17.28. AppFolio Inc. has a 1-year low of $11.07 and a 1-year high of $22.55. The company’s market capitalization is $737.94 million.

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

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company bought a new position in AppFolio during the third quarter valued at $101,000. Summit Securities Group LLC acquired a new position in shares of AppFolio during the second quarter worth about $155,000. Teachers Advisors Inc. raised its position in shares of AppFolio by 105.1% in the second quarter. Teachers Advisors Inc. now owns 12,077 shares of the company’s stock worth $175,000 after buying an additional 6,190 shares during the last quarter. California State Teachers Retirement System raised its position in shares of AppFolio by 32.5% in the second quarter. California State Teachers Retirement System now owns 15,938 shares of the company’s stock worth $230,000 after buying an additional 3,912 shares during the last quarter. Finally, Rathbone Brothers plc acquired a new position in shares of AppFolio during the third quarter worth about $267,000. 13.97% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts have weighed in on the company. Pacific Crest restated a “hold” rating on shares of AppFolio in a report on Tuesday, November 8th. Zacks Investment Research upgraded AppFolio from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a report on Friday, August 12th. Finally, Credit Suisse Group AG assumed coverage on AppFolio in a report on Tuesday, August 9th. They set a “hold” rating and a $18.00 target price on the stock. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target 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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