Appian Corporation (APPN) Shares Sold by Gilder Gagnon Howe & Co. LLC
Gilder Gagnon Howe & Co. LLC reduced its holdings in shares of Appian Corporation (NASDAQ:APPN) by 15.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 245,773 shares of the company’s stock after selling 45,250 shares during the quarter. Gilder Gagnon Howe & Co. LLC owned approximately 0.41% of Appian Corporation worth $6,995,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of APPN. Spark Investment Management LLC bought a new position in shares of Appian Corporation during the 2nd quarter worth approximately $2,355,000. LMR Partners LLP bought a new stake in Appian Corporation in the 2nd quarter valued at $201,000. Neuberger Berman Group LLC bought a new stake in Appian Corporation in the 2nd quarter valued at $292,000. Eagle Asset Management Inc. bought a new stake in Appian Corporation in the 2nd quarter valued at $2,716,000. Finally, JPMorgan Chase & Co. bought a new stake in Appian Corporation in the 2nd quarter valued at $8,303,000. Institutional investors own 11.53% of the company’s stock.
In related news, major shareholder Abdiel Capital Management, Llc acquired 28,600 shares of the company’s stock in a transaction on Monday, September 25th. The stock was purchased at an average cost of $22.14 per share, with a total value of $633,204.00. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Qualified Master Fund L. Abdiel acquired 65,533 shares of the company’s stock in a transaction on Wednesday, October 25th. The stock was bought at an average cost of $22.23 per share, with a total value of $1,456,798.59. The disclosure for this purchase can be found here. Insiders acquired a total of 146,376 shares of company stock valued at $3,249,007 over the last ninety days.
Several analysts recently issued reports on the company. Cowen and Company downgraded Appian Corporation from an “outperform” rating to a “market perform” rating and set a $23.00 price target for the company. in a research note on Monday, October 2nd. Zacks Investment Research downgraded Appian Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, September 12th. KeyCorp restated a “hold” rating on shares of Appian Corporation in a research note on Monday, September 18th. Canaccord Genuity boosted their price target on Appian Corporation from $19.00 to $22.00 and gave the company a “hold” rating in a research note on Monday, October 30th. Finally, Barclays PLC restated an “equal weight” rating and issued a $20.00 price target (up from $19.00) on shares of Appian Corporation in a research note on Friday, August 4th. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $21.00.
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Shares of Appian Corporation (APPN) traded down $1.03 during midday trading on Wednesday, reaching $22.22. The company’s stock had a trading volume of 212,100 shares, compared to its average volume of 231,448. Appian Corporation has a 52-week low of $14.60 and a 52-week high of $28.65.
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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