Appfolio Inc’s recent filing unveils that its Director BLISS TIMOTHY K unloaded Company’s shares for reported $9.03 million on Mar 12 ’24. In the deal valued at $223.89 per share,40,316 shares were sold. As a result of this transaction, BLISS TIMOTHY K now holds 10,754 shares worth roughly $2.67 million.
Then, BLISS TIMOTHY K sold 10,000 shares, generating $2,272,367 in total proceeds. Upon selling the shares at $227.24, the Director now owns 51,070 shares.
Before that, BLISS TIMOTHY K sold 14,684 shares. Appfolio Inc shares valued at $3,343,950 were divested by the Director at a price of $227.73 per share. As a result of the transaction, BLISS TIMOTHY K now holds 61,070 shares, worth roughly $15.18 million.
BTIG Research initiated its Appfolio Inc [APPF] rating to a Buy in a research note published on January 19, 2024; the price target was $215. A number of analysts have revised their coverage, including DA Davidson’s analysts, who increased its forecast for the stock in early September from “a Neutral” to “a Buy”. William Blair also remained covering APPF and has increased its forecast on August 28, 2023 with a “an Outperform” recommendation from previously “Mkt perform” rating. Stephens revised its rating on August 21, 2023. It rated APPF as “an Overweight” which previously was an “an Equal-weight”.
Price Performance Review of APPF
On Tuesday, Appfolio Inc [NASDAQ:APPF] saw its stock jump 0.46% to $248.49. Over the last five days, the stock has gained 9.57%. Appfolio Inc shares have risen nearly 43.44% since the year began. Nevertheless, the stocks have risen 81.19% over the past one year. While a 52-week high of $256.73 was reached on 04/26/24, a 52-week low of $134.57 was recorded on 01/05/24. SMA at 50 days reached $229.98, while 200 days put it at $199.94. A total of 0.22 million shares were traded, compared to the trading of 0.3 million shares in the previous session.
Levels Of Support And Resistance For APPF Stock
The 24-hour chart illustrates a support level at 244.35, which if violated will result in even more drops to 240.21. On the upside, there is a resistance level at 252.34. A further resistance level may holdings at 256.18. The Relative Strength Index (RSI) on the 14-day chart is 63.57, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 16.68, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 16.89%. Stochastics %K at 75.93% indicates the stock is a holding.
The most recent change occurred on August 17, 2023 when JP Morgan began covering the stock and recommended ‘”an Overweight”‘ rating along with a $200 price target.
