The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Appfolio Inc shares valued at $1,036,109 were sold by Mazza Matthew S on Dec 11 ’24. At $257.29 per share, Mazza Matthew S sold 4,027 shares. The insider’s holdings dropped to 23,539 shares worth approximately $5.97 million following the completion of this transaction.
Also, Mazza Matthew S sold 700 shares, netting a total of over 178,850 in proceeds. Following the sale of shares at $255.50 each, the insider now holds 27,566 shares.
Before that, Trigg William Shane had sold 4,145 shares from its account. In a trade valued at $1,091,459, the Chief Executive Officer traded Appfolio Inc shares for $263.32 each. Upon closing the transaction, the insider’s holdings decreased to 4,145 shares, worth approximately $18.69 million.
As published in a research note from Piper Sandler on January 06, 2025, Appfolio Inc [APPF] has been rated down from an Overweight to a Neutral and the price target has been revised to $265. Analysts at Keefe Bruyette downgraded the stock from ‘”a Mkt perform”‘ to ‘”an Underperform”‘ outlook in a report released in mid October. As of June 11, 2024, Piper Sandler has initiated its “an Overweight” rating for APPF. Earlier on January 19, 2024, BTIG Research initiated its rating. Their recommendation was “a Buy” for APPF stock.
Analyzing APPF Stock Performance
During the last five days, there has been a surge of approximately 2.78%. Over the course of the year, Appfolio Inc shares have jumped approximately 2.78%. Shares of the company reached a 52-week high of $256.08 on 01/03/25 and a 52-week low of $245.36 on 01/02/25. A 50-day SMA is recorded $243.38, while a 200-day SMA reached $234.30. Nevertheless, trading volume fell to 0.23 million shares from 0.15 million shares the previous day.
Support And Resistance Levels for Appfolio Inc (APPF)
According to the 24-hour chart, there is a support level at 249.41, which, if violated, would cause prices to drop to 245.24. In the upper region, resistance lies at 256.31. The next price resistance is at 259.04. RSI (Relative Strength Index) is 54.39 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.84, which suggests the price will decrease in the coming days. Percent R is at 51.01%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
