Insider Selling: Appian Corp (NASDAQ:APPN) Major Shareholder Sells $1,251,744.84 in Stock
Appian Corp (NASDAQ:APPN) major shareholder Qualified Master Fund L. Abdiel sold 34,182 shares of the firm’s stock in a transaction on Monday, July 8th. The stock was sold at an average price of $36.62, for a total value of $1,251,744.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Shares of NASDAQ APPN opened at $38.47 on Friday. The company has a market capitalization of $2.49 billion, a PE ratio of -48.09 and a beta of 1.40. The firm’s fifty day moving average is $35.39. Appian Corp has a 52-week low of $22.61 and a 52-week high of $39.92.
Appian (NASDAQ:APPN) last issued its quarterly earnings data on Thursday, May 2nd. The company reported ($0.16) earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of ($0.16). The company had revenue of $59.58 million during the quarter, compared to analysts’ expectations of $59.71 million. Appian had a negative return on equity of 91.41% and a negative net margin of 24.48%. The business’s revenue was up 15.2% on a year-over-year basis. During the same period last year, the business earned ($0.12) earnings per share. Analysts predict that Appian Corp will post -0.83 earnings per share for the current fiscal year.
Several research analysts recently commented on APPN shares. Zacks Investment Research raised HB Fuller from a “sell” rating to a “hold” rating in a research report on Wednesday, July 3rd. William Blair reissued an “outperform” rating on shares of NuCana in a report on Thursday, May 16th. Morgan Stanley set a $123.00 price objective on Lowe’s Companies and gave the company a “buy” rating in a report on Thursday, May 23rd. Barclays reissued a “buy” rating on shares of NXP Semiconductors in a report on Sunday, May 5th. Finally, BidaskClub cut Amyris from a “hold” rating to a “sell” rating in a report on Thursday, June 27th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. Appian has a consensus rating of “Hold” and a consensus target price of $33.59.
Appian Company Profile
Appian Corporation provides low-code software development platform that enables organizations to develop various applications in the United States and internationally. The company's platform automates the creation of forms, data flows, records, reports, and other software elements that are needed to be manually coded or configured.
Featured Story: What is the Coverage Ratio?
Receive News & Ratings for Appian Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Appian and related companies with MarketBeat.com's FREE daily email newsletter.