Monday, January 29, 2018 10:15 PM ET
Insider Selling at AppFolio (APPF) Continues with Significant Sale
A SEC filing today disclosed a notable insider sale of AppFolio shares as — Jason Robert Randall, Director and Officer — sold 25,000 shares in the company having a market value of approximately $1,075,000. 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 sale of 21,576 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 46,576 shares and have averaged 15,525 shares per transaction over this time period.
The number of insider buy/sell trades at AppFolio is greater than that of the 64 peer company average over the last 90-day period. The Enterprise Software peer group saw 157 buy/sell trades during this period for an average of 2.5 transactions per company. However, the number of shares traded per transaction by AppFolio insiders is lower than its peers. Within the peer group there were 1,326,432 shares purchased and 8,681,805 shares sold with company insiders selling 46,850 shares on average over this time period.
In order to focus on significant insider buying and selling activity, 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 has been eliminated data sourced to evaluate and write this story.
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