Appfolio Inc (APPF US, +1, 10-Jun-25)
Timothy Bliss (Director since 2008) purchased 22,000 A shares on June 9th at $217, spending $4.8 million. While the purchase is modest relative to his holdings of 903,290 B shares plus those A shares he just bought. The purchase is also modest relative to his sales of $64 million from 2019 to 2024. His only other purchase, however, was at $12 in June 2015 on the company’s IPO.
Robert Casey (Director since April 2025) spent $871,000 on June 6th in his first purchase since joining. We ranked this stock +1 on February 19th based on a $2.9 million purchase from Alex Wolf (Director since 2022) at $215. He has made two prior purchases, in May 2023 at $137 and in June 2023 at $155, both were timely. He also made a timely sale in May 2024 at $250.
We are renewing our +1 rank with the unusual purchase from Bliss as well as a confident opening purchase from Casey.
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