Appfolio Inc’s filing revealed that its 10% Owner DUCA MAURICE J unloaded Company’s shares for reported $0.63 million on Jun 24 ’24. In the deal valued at $230.94 per share,2,741 shares were sold. As a result of this transaction, DUCA MAURICE J now holds 37,904 shares worth roughly $9.04 million.
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Then, DUCA MAURICE J sold 4,802 shares, generating $1,118,229 in total proceeds. Upon selling the shares at $232.87, the 10% Owner now owns 40,645 shares.
Before that, DUCA MAURICE J sold 4,203 shares. Appfolio Inc shares valued at $968,137 were divested by the 10% Owner at a price of $230.34 per share. As a result of the transaction, DUCA MAURICE J now holds 45,447 shares, worth roughly $10.84 million.
Piper Sandler initiated its Appfolio Inc [APPF] rating to an Overweight in a research note published on June 11, 2024; the price target was $295. A number of analysts have revised their coverage, including BTIG Research’s analysts, who began to cover the stock in mid January with a ‘”a Buy”‘ rating. DA Davidson also remained covering APPF and has increased its forecast on September 01, 2023 with a “Buy” recommendation from previously “Neutral” rating. William Blair revised its rating on August 28, 2023. It rated APPF as “an Outperform” which previously was an “a Mkt perform”.
Price Performance Review of APPF
On Tuesday, Appfolio Inc [NASDAQ:APPF] saw its stock jump 2.80% to $238.62. Over the last five days, the stock has gained 3.64%. Appfolio Inc shares have risen nearly 37.74% since the year began. Nevertheless, the stocks have risen 43.73% over the past one year. While a 52-week high of $256.73 was reached on 04/26/24, a 52-week low of $162.32 was recorded on 01/05/24. SMA at 50 days reached $232.71, while 200 days put it at $209.05. A total of 0.21 million shares were traded, compared to the trading of 0.51 million shares in the previous session.
Levels Of Support And Resistance For APPF Stock
The 24-hour chart illustrates a support level at 233.47, which if violated will result in even more drops to 228.33. On the upside, there is a resistance level at 241.36. A further resistance level may holdings at 244.10. The Relative Strength Index (RSI) on the 14-day chart is 57.38, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.29, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 21.01%. Stochastics %K at 57.94% indicates the stock is a holding.
