Appian Co. (NASDAQ:APPN) Given Average Rating of "Hold" by Analysts

Shares of Appian Co. (NASDAQ:APPN - Get Free Report) have been given an average rating of "Hold" by the seven analysts that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $40.17.

A number of equities analysts have recently issued reports on APPN shares. DA Davidson restated a "neutral" rating and set a $33.00 price objective on shares of Appian in a research report on Monday, October 14th. KeyCorp restated a "sector weight" rating on shares of Appian in a research report on Tuesday, January 14th. Barclays increased their price objective on shares of Appian from $34.00 to $37.00 and gave the stock an "underweight" rating in a research report on Friday, December 6th. Finally, Scotiabank started coverage on shares of Appian in a report on Monday, January 6th. They issued a "sector perform" rating and a $37.00 target price on the stock.

Insider Transactions at Appian

In related news, Director William D. Mccarthy sold 700 shares of Appian stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $38.78, for a total value of $27,146.00. Following the completion of the sale, the director now owns 7,966 shares of the company's stock, valued at approximately $308,921.48. This trade represents a 8.08 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 44.00% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Abdiel Capital Advisors LP boosted its stake in Appian by 72.6% during the 3rd quarter. Abdiel Capital Advisors LP now owns 10,169,273 shares of the company's stock valued at $347,179,000 after purchasing an additional 4,278,969 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in Appian by 282.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 134,274 shares of the company's stock valued at $4,584,000 after acquiring an additional 99,198 shares in the last quarter. Barclays PLC boosted its holdings in Appian by 285.9% during the 3rd quarter. Barclays PLC now owns 71,771 shares of the company's stock worth $2,451,000 after acquiring an additional 53,172 shares during the last quarter. GSA Capital Partners LLP grew its stake in shares of Appian by 354.7% in the 3rd quarter. GSA Capital Partners LLP now owns 57,630 shares of the company's stock worth $1,967,000 after acquiring an additional 44,957 shares in the last quarter. Finally, King Luther Capital Management Corp raised its holdings in shares of Appian by 41.4% in the third quarter. King Luther Capital Management Corp now owns 143,161 shares of the company's stock valued at $4,888,000 after purchasing an additional 41,922 shares during the last quarter. 52.70% of the stock is currently owned by institutional investors and hedge funds.

Appian Price Performance

NASDAQ APPN traded down $0.04 on Thursday, reaching $35.17. The company had a trading volume of 298,664 shares, compared to its average volume of 395,398. The firm has a market cap of $3.00 billion, a price-to-earnings ratio of -28.83 and a beta of 1.61. Appian has a fifty-two week low of $26.28 and a fifty-two week high of $43.33. The business has a 50 day moving average of $35.68 and a two-hundred day moving average of $34.19.

About Appian

Appian Corporation, a software company that provides low-code design platform in the United States, Mexico, Portugal, and internationally. The company's platform offers artificial intelligence, process automation, data fabric, and process mining. It provides The Appian Platform, an integrated automation platform that enables organizations to design, automate, and optimize mission-critical business processes.