Monday, July 31, 2017 10:15 PM ET
AppFolio (APPF) sees Significant Insider Selling Continuing
One AppFolio insider Marc Stad, 10% Owner, today, disposed of 75,000 shares having a market value of approximately $2,625,750, as revealed in a form 4 document filed with the SEC. There have been 2 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the disposition of 469,161 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 544,161 shares and have averaged 181,387 shares per transaction over this time period.
AppFolio level of buy-sell trading activity is close to the 62 member peer company average. The Enterprise Software peer group saw 182 buy/sell trades during this period for an average of 2.9 transactions per company. However, the number of shares per buy/sell trade transacted by AppFolio insiders is higher. Within the peer group there were 835,001 shares purchased and 11,545,553 shares sold with company insiders selling 58,849 shares on average.
The data obtained in composing and writing in this story eliminates all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers.
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