Appian (APPN) Stock Price Up 0%
Appian Corp (NASDAQ:APPN) shares rose 0% on Friday . The stock traded as high as $29.11 and last traded at $28.91. Approximately 529,200 shares traded hands during trading, a decline of 5% from the average daily volume of 559,841 shares. The stock had previously closed at $28.91.
APPN has been the topic of several recent analyst reports. SunTrust Banks lowered shares of Appian from a “buy” rating to a “hold” rating and set a $28.00 price objective on the stock. in a research note on Monday, January 8th. Zacks Investment Research lowered shares of Appian from a “buy” rating to a “sell” rating in a research note on Friday, December 22nd. BidaskClub raised shares of Appian from a “hold” rating to a “buy” rating in a research note on Friday, December 29th. Goldman Sachs Group lowered shares of Appian from a “neutral” rating to a “sell” rating and set a $17.00 price objective on the stock. in a research note on Thursday, January 18th. Finally, Morgan Stanley lowered shares of Appian from an “equal weight” rating to an “underweight” rating and set a $24.00 price objective on the stock. in a research note on Thursday, January 11th. Four analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. The stock has an average rating of “Hold” and an average price target of $24.29.
Appian (NASDAQ:APPN) last announced its earnings results on Thursday, February 22nd. The company reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.18) by $0.10. The company had revenue of $50.60 million for the quarter, compared to analyst estimates of $41.78 million. The business’s quarterly revenue was up 50.1% on a year-over-year basis. analysts predict that Appian Corp will post -0.74 earnings per share for the current fiscal year.
Hedge funds have recently made changes to their positions in the business. Tower Research Capital LLC TRC raised its holdings in Appian by 79.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 6,133 shares of the company’s stock worth $193,000 after buying an additional 2,715 shares during the period. Citadel Advisors LLC acquired a new stake in Appian during the 4th quarter worth approximately $220,000. New York State Common Retirement Fund acquired a new stake in Appian during the 3rd quarter worth approximately $205,000. Deutsche Bank AG raised its holdings in Appian by 421.7% during the 4th quarter. Deutsche Bank AG now owns 7,945 shares of the company’s stock worth $250,000 after buying an additional 6,422 shares during the period. Finally, Georgetown University acquired a new stake in Appian during the 4th quarter worth approximately $420,000. Hedge funds and other institutional investors own 14.22% of the company’s stock.
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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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