Albert G.W. Biddle III Sells 30,000 Shares of Appian Co. (NASDAQ:APPN) Stock
Appian Co. (NASDAQ:APPN) Director Albert G.W. Biddle III sold 30,000 shares of the stock in a transaction on Tuesday, November 17th. The stock was sold at an average price of $107.97, for a total transaction of $3,239,100.00. Following the sale, the director now owns 8,443 shares of the company’s stock, valued at $911,590.71. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
APPN opened at $125.06 on Friday. The company’s 50-day moving average is $80.65 and its 200 day moving average is $60.50. Appian Co. has a fifty-two week low of $29.07 and a fifty-two week high of $129.36. The firm has a market capitalization of $8.76 billion, a P/E ratio of -227.38 and a beta of 0.99.
Appian (NASDAQ:APPN) last announced its quarterly earnings data on Thursday, November 5th. The company reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.17) by $0.12. The business had revenue of $77.30 million for the quarter, compared to analyst estimates of $70.86 million. Appian had a negative net margin of 13.00% and a negative return on equity of 15.16%. The company’s revenue for the quarter was up 16.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.18) earnings per share. As a group, analysts predict that Appian Co. will post -0.6 earnings per share for the current year.
A number of equities research analysts have commented on the stock. Truist raised their price target on shares of Appian from $52.00 to $95.00 in a report on Monday, November 9th. Morgan Stanley raised their price target on shares of Appian from $38.00 to $41.00 and gave the stock an “underweight” rating in a report on Friday, November 6th. Zacks Investment Research cut shares of Appian from a “buy” rating to a “hold” rating in a report on Friday, August 21st. Needham & Company LLC upgraded shares of Appian from a “hold” rating to a “buy” rating and set a $94.00 price target for the company in a report on Friday, November 6th. Finally, ValuEngine upgraded shares of Appian from a “hold” rating to a “buy” rating in a report on Tuesday, August 11th. One analyst has rated the stock with a sell rating, seven have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $63.80.
Appian Company Profile
Appian Corporation provides low-code automation platform that enables organizations to develop various applications in the United States and internationally. The company's platform automates the creation of forms, data flows, records, reports, and other software elements that are needed to be manually coded.
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