Appian (APPN) Trading 22.1% Higher
Appian Corp (NASDAQ:APPN)’s share price traded up 22.1% during mid-day trading on Monday . The company traded as high as $27.14 and last traded at $25.46. 3,023,226 shares changed hands during trading, an increase of 964% from the average session volume of 284,245 shares. The stock had previously closed at $20.86.
A number of equities analysts have recently issued reports on the stock. KeyCorp restated a “hold” rating on shares of Appian in a research report on Monday, September 18th. Canaccord Genuity raised their target price on shares of Appian from $19.00 to $22.00 and gave the stock a “hold” rating in a research report on Monday, October 30th. Zacks Investment Research upgraded shares of Appian from a “hold” rating to a “buy” rating and set a $30.00 price objective on the stock in a research report on Wednesday, September 13th. SunTrust Banks assumed coverage on shares of Appian in a research report on Tuesday, November 21st. They issued a “buy” rating and a $28.00 price objective on the stock. Finally, William Blair assumed coverage on shares of Appian in a research report on Monday, November 27th. They issued an “outperform” rating on the stock. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $22.00.
In other news, major shareholder Abdiel Capital Management, Llc acquired 28,600 shares of the stock in a transaction that occurred on Monday, September 25th. The shares were purchased at an average cost of $22.14 per share, for a total transaction of $633,204.00. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Edward L. Hughes sold 100,000 shares of Appian stock in a transaction on Monday, November 20th. The shares were sold at an average price of $19.49, for a total transaction of $1,949,000.00. Following the completion of the transaction, the vice president now owns 100,000 shares in the company, valued at $1,949,000. The disclosure for this sale can be found here. Over the last quarter, insiders purchased 1,091,446 shares of company stock worth $22,521,864 and sold 1,097,222 shares worth $21,384,857.
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Appian Company Profile
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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