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.

A number of large investors have recently bought and sold shares of APPN. Wells Fargo & Company MN acquired a new stake in Appian in the second quarter valued at $2,162,000. Eagle Asset Management Inc. acquired a new stake in Appian in the second quarter valued at $2,716,000. Abdiel Capital Advisors LP acquired a new stake in Appian in the second quarter valued at $56,982,000. Lord Abbett & CO. LLC acquired a new stake in Appian in the second quarter valued at $8,134,000. Finally, Goldman Sachs Group Inc. acquired a new stake in Appian in the second quarter valued at $370,000. Hedge funds and other institutional investors own 11.61% of the company’s stock.

WARNING: This piece was reported by Watch List News and is the sole property of of Watch List News. If you are accessing this piece on another publication, it was copied illegally and reposted in violation of US & international copyright legislation. The original version of this piece can be read at https://www.watchlistnews.com/appian-appn-trading-22-1-higher/1771783.html.

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.

Receive News & Ratings for Appian Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Appian and related companies with MarketBeat.com's FREE daily email newsletter.