Keenan Capital, LLC

Keenan Capital, LLC appears in our data through filings on Appfolio Inc shares, published by SEC (Form 4). The record holds 24 filings, for trades running from 6 January 2016 to 15 March 2017.

In open-market terms, that means 4 purchases worth €3.7M on one side and 20 sales worth €6.5M on the other. Netting one side against the other leaves €2.7M of net selling. Unlike grants, an open-market purchase is paid for by the insider, at the market price. In 2017 alone, the filings show no purchases and 9 sales.

A typical purchase (the median) is worth €926k. Clusters matter here: 4 out of 4 purchases overlapped with buying by a colleague within 30 days. When several insiders buy within a few weeks of each other, analysts speak of a cluster purchase.

The newest entry dates from 15 March 2017: an open-market sale of €84k, in Appfolio Inc. The clock since the last published purchase (28 January 2016) now reads 3,938 days. Typically, a trade is published a median of 2 days after it takes place. Section 16 rules allow two business days to file each Form 4. Keep in mind that insiders sell for many reasons unrelated to the outlook, from tax bills to estate planning. This summary is built from SEC (Form 4) disclosures alone and does not predict where the share price will go.