Gilder Gagnon Howe & Co. LLC Takes Position in Appian Corporation (NASDAQ:APPN)
Gilder Gagnon Howe & Co. LLC bought a new position in shares of Appian Corporation (NASDAQ:APPN) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 291,023 shares of the company’s stock, valued at approximately $5,282,000.
Separately, Spark Investment Management LLC bought a new stake in Appian Corporation during the second quarter worth about $2,355,000. Institutional investors own 6.74% of the company’s stock.
Appian Corporation (NASDAQ APPN) opened at 21.45 on Thursday. Appian Corporation has a 12 month low of $10.04 and a 12 month high of $23.28. The firm’s market cap is $735.18 million. The firm’s 50-day moving average price is $19.09 and its 200-day moving average price is $18.84.
A number of analysts recently issued reports on the company. Pacific Crest assumed coverage on Appian Corporation in a research report on Monday, June 19th. They issued a “sector weight” rating on the stock. Canaccord Genuity lifted their target price on Appian Corporation from $18.00 to $19.00 and gave the company a “hold” rating in a research report on Friday, August 4th. Cowen and Company assumed coverage on Appian Corporation in a research report on Monday, June 19th. They issued an “outperform” rating on the stock. Barclays PLC reaffirmed an “equal weight” rating and issued a $20.00 target price (up previously from $19.00) on shares of Appian Corporation in a research report on Friday, August 4th. Finally, Goldman Sachs Group, Inc. (The) assumed coverage on Appian Corporation in a research report on Monday, June 19th. They issued a “neutral” rating and a $17.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $18.50.
In other news, major shareholder Qualified Master Fund L. Abdiel bought 205,360 shares of the company’s stock in a transaction on Thursday, June 8th. The shares were purchased at an average price of $19.66 per share, with a total value of $4,037,377.60. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, major shareholder Qualified Master Fund L. Abdiel bought 227,529 shares of the company’s stock in a transaction on Monday, June 5th. The shares were purchased at an average cost of $18.51 per share, for a total transaction of $4,211,561.79. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 2,281,562 shares of company stock worth $42,231,262.
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.
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