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AppFolio Pick of the Week at Smart Insider Following Directors' Stock Purchases
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AppFolio Pick of the Week at Smart Insider Following Directors' Stock Purchases
Jun 17, 2025 5:29 AM

08:14 AM EDT, 06/17/2025 (MT Newswires) -- AppFolio ( APPF ) was Smart Insider's stock pick of the week following the "unusual purchase" from director Timothy Bliss and a "confident" opening buy from director Robert Casey.

Bliss bought 22,000 class A shares on June 9 for $4.8 million, or $217 apiece, Smart Insider said in a note Tuesday.

Bliss' purchase is "modest" compared 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," the note said.

Casey bought $871,000 worth of shares on June 6 for the first time since joining the board in April, the note added.

Smart Insider renewed the stock's +1, or strong positive signal, rank on June 10.

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