BLISS TIMOTHY K has demonstrated a consistent pattern of selling shares in AppFolio, Inc. (APPF), as evidenced by SEC Form 4 filings. Over the course of 56 transactions, all of which were sales, Bliss has divested a total value of approximately $50.2 million in APPF shares, with no recorded purchases. The recent activity, spanning from May 21, 2024, to June 12, 2024, includes 24 separate sales, indicating a concentrated effort to reduce holdings. Notably, on June 6, 2024, Bliss executed four transactions totaling over $9.5 million, including a single sale valued at approximately $6.9 million. Similarly, on June 10, 2024, four sales amounted to nearly $3.5 million, with the largest transaction exceeding $1.9 million. This trend continued into mid-June, with multiple sales on June 11 and 12, 2024, collectively worth over $5.5 million. The transactions vary in size, ranging from smaller sales like $49,551.60 on June 11, 2024, to larger divestments such as $1,468,825.26 on June 12, 2024. Bliss’s consistent selling activity, particularly in recent weeks, underscores a clear bias toward reducing exposure to APPF, without any indication of reinvestment or acquisition in the company during this period.
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