Appian Corp (NASDAQ:APPN) major shareholder Qualified Master Fund L. Abdiel acquired 17,473 shares of the firm’s stock in a transaction on Friday, December 15th. The shares were bought at an average price of $20.14 per share, for a total transaction of $351,906.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Appian Corp (APPN) traded up $0.69 on Tuesday, hitting $26.15. The stock had a trading volume of 1,524,573 shares, compared to its average volume of 292,873. Appian Corp has a 1 year low of $14.60 and a 1 year high of $28.65.

APPN has been the topic of a number of recent research reports. SunTrust Banks initiated coverage on Appian in a research report on Tuesday, November 21st. They set a “buy” rating and a $28.00 price objective on the stock. Zacks Investment Research upgraded Appian from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a research report on Tuesday, November 7th. Morgan Stanley upped their price objective on Appian from $18.00 to $19.00 and gave the company an “equal weight” rating in a research report on Friday, November 3rd. Canaccord Genuity reaffirmed a “hold” rating on shares of Appian in a research note on Monday, November 6th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Appian in a research note on Monday, September 18th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Appian has a consensus rating of “Hold” and a consensus price target of $22.00.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. New York State Common Retirement Fund bought a new position in shares of Appian during the third quarter valued at approximately $205,000. LMR Partners LLP bought a new position in shares of Appian during the second quarter valued at approximately $201,000. Tower Research Capital LLC TRC bought a new position in shares of Appian during the second quarter valued at approximately $238,000. Neuberger Berman Group LLC bought a new position in shares of Appian during the second quarter valued at approximately $292,000. Finally, Ameriprise Financial Inc. bought a new position in shares of Appian during the second quarter valued at approximately $323,000. 11.61% of the stock is currently owned by hedge funds and other institutional investors.

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About Appian

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.

Insider Buying and Selling by Quarter for Appian (NASDAQ:APPN)

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