Appian Corporation (APPN) Earning Somewhat Favorable Media Coverage, Analysis Finds
News stories about Appian Corporation (NASDAQ:APPN) have been trending somewhat positive this week, Accern Sentiment reports. Accern ranks the sentiment of media coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Appian Corporation earned a coverage optimism score of 0.14 on Accern’s scale. Accern also assigned media headlines about the company an impact score of 45.6037981860301 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Appian Corporation (NASDAQ:APPN) traded up 2.22% during midday trading on Thursday, hitting $23.49. The company’s stock had a trading volume of 254,029 shares. The company’s market cap is $169.08 million. The company’s 50-day moving average is $23.68 and its 200 day moving average is $20.77. Appian Corporation has a one year low of $14.60 and a one year high of $28.65.
A number of equities research analysts have issued reports on the company. Zacks Investment Research downgraded Appian Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, September 12th. Barclays PLC restated an “equal weight” rating and set a $20.00 price target (up from $19.00) on shares of Appian Corporation in a research note on Friday, August 4th. Pacific Crest assumed coverage on Appian Corporation in a research note on Monday, June 19th. They set a “sector weight” rating for the company. Cowen and Company assumed coverage on Appian Corporation in a research note on Monday, June 19th. They set an “outperform” rating for the company. Finally, Morgan Stanley assumed coverage on Appian Corporation in a research note on Monday, June 19th. They set an “equal weight” rating and a $18.00 price target for the company. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $21.17.
In other Appian Corporation news, major shareholder Qualified Master Fund L. Abdiel purchased 28,800 shares of the stock in a transaction on Tuesday, September 26th. The shares were bought at an average price of $22.14 per share, for a total transaction of $637,632.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Qualified Master Fund L. Abdiel purchased 155,348 shares of the stock in a transaction on Tuesday, July 11th. The shares were acquired at an average price of $18.61 per share, for a total transaction of $2,891,026.28. The disclosure for this purchase can be found here. Insiders have acquired 540,143 shares of company stock worth $10,554,675 in the last quarter.
Appian Corporation 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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