Citadel Advisors LLC purchased a new stake in Appian Corporation (NASDAQ:APPN) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 45,476 shares of the company’s stock, valued at approximately $825,000. Citadel Advisors LLC owned about 0.13% of Appian Corporation as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of APPN. Spark Investment Management LLC acquired a new stake in shares of Appian Corporation in the second quarter valued at about $2,355,000. Gilder Gagnon Howe & Co. LLC acquired a new stake in shares of Appian Corporation in the second quarter valued at about $5,282,000. LMR Partners LLP acquired a new stake in shares of Appian Corporation in the second quarter valued at about $201,000. Neuberger Berman Group LLC acquired a new stake in shares of Appian Corporation in the second quarter valued at about $292,000. Finally, Eagle Asset Management Inc. acquired a new stake in shares of Appian Corporation in the second quarter valued at about $2,716,000. 11.61% of the stock is currently owned by institutional investors.

Shares of Appian Corporation (NASDAQ APPN) opened at 24.16 on Friday. Appian Corporation has a 1-year low of $14.60 and a 1-year high of $28.65. The company has a 50 day moving average of $23.79 and a 200 day moving average of $20.81. The company’s market cap is $173.90 million.

APPN has been the topic of several research analyst reports. Goldman Sachs Group, Inc. (The) initiated coverage on Appian Corporation in a research report on Monday, June 19th. They issued a “neutral” rating and a $17.00 price target on the stock. Barclays PLC initiated coverage on Appian Corporation in a research report on Monday, June 19th. They issued an “equal weight” rating and a $19.00 price target on the stock. Canaccord Genuity initiated coverage on Appian Corporation in a research report on Monday, June 19th. They issued a “hold” rating and a $18.00 price target on the stock. Cowen and Company initiated coverage on Appian Corporation in a research report on Monday, June 19th. They issued an “outperform” rating on the stock. Finally, Morgan Stanley initiated coverage on Appian Corporation in a research report on Monday, June 19th. They issued an “equal weight” rating and a $18.00 price target on the stock. Six analysts have rated the stock with a hold rating and one has given a buy rating to the company. Appian Corporation has a consensus rating of “Hold” and a consensus price target of $21.17.

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In related news, major shareholder Qualified Master Fund L. Abdiel purchased 155,348 shares of the firm’s stock in a transaction that occurred 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 purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Qualified Master Fund L. Abdiel purchased 28,800 shares of the firm’s stock in a transaction that occurred on Tuesday, September 26th. The stock was bought at an average price of $22.14 per share, for a total transaction of $637,632.00. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 540,143 shares of company stock worth $10,554,675.

About Appian Corporation

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.

Institutional Ownership by Quarter for Appian Corporation (NASDAQ:APPN)

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