Appian Corp (NASDAQ:APPN) major shareholder Abdiel Capital Management, Llc purchased 92,093 shares of the firm’s stock in a transaction dated Thursday, March 22nd. The stock was acquired at an average cost of $26.33 per share, for a total transaction of $2,424,808.69. The purchase was disclosed in a document filed with the SEC, which is available at this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Abdiel Capital Management, Llc also recently made the following trade(s):

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  • On Monday, March 19th, Abdiel Capital Management, Llc purchased 70,209 shares of Appian stock. The stock was acquired at an average cost of $26.30 per share, for a total transaction of $1,846,496.70.
  • On Thursday, March 15th, Abdiel Capital Management, Llc purchased 27,500 shares of Appian stock. The stock was acquired at an average cost of $25.91 per share, for a total transaction of $712,525.00.

Appian stock traded down $0.42 on Thursday, reaching $26.35. The company had a trading volume of 349,656 shares, compared to its average volume of 524,812. Appian Corp has a 1 year low of $14.60 and a 1 year high of $43.26.

Appian (NASDAQ:APPN) last posted its earnings results on Thursday, February 22nd. The company reported ($0.08) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.18) by $0.10. The firm had revenue of $50.60 million for the quarter, compared to analyst estimates of $41.78 million. Appian’s revenue for the quarter was up 50.1% on a year-over-year basis. analysts forecast that Appian Corp will post -0.74 earnings per share for the current year.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Tower Research Capital LLC TRC lifted its stake 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 acquiring an additional 2,715 shares in the last quarter. Citadel Advisors LLC acquired a new position in Appian during the 4th quarter worth about $220,000. New York State Common Retirement Fund acquired a new position in Appian during the 3rd quarter worth about $205,000. Deutsche Bank AG lifted its stake 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 acquiring an additional 6,422 shares in the last quarter. Finally, Georgetown University acquired a new position in Appian during the 4th quarter worth about $420,000. 15.68% of the stock is currently owned by hedge funds and other institutional investors.

Several brokerages have recently commented on APPN. BTIG Research began coverage on Appian in a research note on Monday, March 12th. They issued a “neutral” rating on the stock. BidaskClub lowered Appian from a “buy” rating to a “hold” rating in a research note on Tuesday, February 27th. Cowen reaffirmed a “hold” rating and issued a $27.00 price target on shares of Appian in a research note on Friday, February 23rd. Zacks Investment Research lowered Appian from a “hold” rating to a “sell” rating in a research note on Thursday, March 1st. Finally, William Blair lowered Appian from an “outperform” rating to a “market perform” rating in a research note on Friday, January 19th. They noted that the move was a valuation call. Four investment analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $24.29.

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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.

Insider Buying and Selling by Quarter for Appian (NASDAQ:APPN)

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