A number of firms have modified their ratings and price targets on shares of Appian (NASDAQ: APPN) recently:

  • 1/11/2018 – Appian was downgraded by analysts at Morgan Stanley from an “equal weight” rating to an “underweight” rating. They now have a $24.00 price target on the stock.
  • 1/8/2018 – Appian was downgraded by analysts at SunTrust Banks, Inc. from a “buy” rating to a “hold” rating. They now have a $28.00 price target on the stock.
  • 1/8/2018 – Appian was downgraded by analysts at Barclays PLC from an “equal weight” rating to an “underweight” rating. They now have a $26.00 price target on the stock.
  • 1/6/2018 – Appian was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 1/2/2018 – Appian was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Appian Corporation provides low-code software development platform which enables organizations to develop various applications primarily in the United States and internationally. The Company’s products include business process management software, case management, mobile application development and platform as a service. It serves financial services, healthcare, government, telecommunications, media, energy, manufacturing and transportation organizations. Appian Corporation is headquartered in Reston, Virginia. “
  • 12/29/2017 – Appian was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 12/22/2017 – Appian was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “sell” rating. According to Zacks, “Appian Corporation provides low-code software development platform which enables organizations to develop various applications primarily in the United States and internationally. The Company’s products include business process management software, case management, mobile application development and platform as a service. It serves financial services, healthcare, government, telecommunications, media, energy, manufacturing and transportation organizations. Appian Corporation is headquartered in Reston, Virginia. “
  • 11/27/2017 – Appian is now covered by analysts at William Blair. They set an “outperform” rating on the stock.
  • 11/21/2017 – Appian is now covered by analysts at SunTrust Banks, Inc.. They set a “buy” rating and a $28.00 price target on the stock.

Shares of Appian Corp (APPN) traded up $0.01 during trading on Friday, reaching $36.76. The company had a trading volume of 610,465 shares, compared to its average volume of 1,203,156. Appian Corp has a 1 year low of $14.60 and a 1 year high of $43.26.

In related news, major shareholder Abdiel Capital Management, Llc bought 5,258 shares of the firm’s stock in a transaction on Monday, December 4th. The stock was bought at an average cost of $20.48 per share, for a total transaction of $107,683.84. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Matthew W. Calkins sold 250,000 shares of Appian stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $19.49, for a total value of $4,872,500.00. The disclosure for this sale can be found here. Over the last three months, insiders purchased 1,051,519 shares of company stock valued at $21,602,934 and sold 1,097,222 shares valued at $21,384,857.

Appian Corporation provides a low-code software development platform as a service that enables organizations to develop applications. Through Company’s platform, organizations can design, build and implement, enterprise-grade custom applications. Decision makers can reimagine their products, services, processes and customer interactions.

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