Media coverage about Appian Corporation (NASDAQ:APPN) has been trending somewhat positive recently, Accern Sentiment Analysis reports. The research group identifies negative and positive news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Appian Corporation earned a daily sentiment score of 0.09 on Accern’s scale. Accern also gave press coverage about the company an impact score of 46.7384150802532 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

Here are some of the news stories that may have impacted Accern’s analysis:

Several research analysts recently weighed in 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 report on Friday, August 4th. Canaccord Genuity upped their target price on shares of Appian Corporation from $18.00 to $19.00 and gave the stock a “hold” rating in a report on Friday, August 4th. Pacific Crest assumed coverage on shares of Appian Corporation in a report on Monday, June 19th. They issued a “sector weight” rating for the company. Morgan Stanley assumed coverage on shares of Appian Corporation in a report on Monday, June 19th. They issued an “equal weight” rating and a $18.00 target price for the company. Finally, Cowen and Company assumed coverage on shares of Appian Corporation in a report on Monday, June 19th. They issued an “outperform” rating for the company. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $18.50.

Appian Corporation (NASDAQ:APPN) opened at 20.46 on Friday. The firm’s 50 day moving average is $19.27 and its 200 day moving average is $18.89. The company’s market cap is $1.23 billion. Appian Corporation has a 12-month low of $10.04 and a 12-month high of $23.28.

In related news, major shareholder Qualified Master Fund L. Abdiel acquired 227,529 shares of the firm’s stock in a transaction dated 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 purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Qualified Master Fund L. Abdiel acquired 205,360 shares of the firm’s stock in a transaction dated Thursday, June 8th. The stock was bought at an average price of $19.66 per share, for a total transaction of $4,037,377.60. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 2,281,562 shares of company stock worth $42,231,262.

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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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