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

Shares of Appian Co. (NASDAQ:APPN - Get Free Report) have received a consensus recommendation of "Hold" from the six research firms that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $40.20.

A number of equities analysts recently weighed in on the stock. DA Davidson restated a "neutral" rating and issued a $33.00 price objective on shares of Appian in a report on Monday, October 14th. KeyCorp downgraded Appian from an "overweight" rating to a "sector weight" rating in a report on Friday, August 2nd. Barclays lifted their price objective on Appian from $29.00 to $34.00 and gave the stock an "underweight" rating in a report on Friday, November 8th. William Blair cut shares of Appian from an "outperform" rating to a "market perform" rating in a research note on Thursday, August 1st. Finally, The Goldman Sachs Group reduced their price target on shares of Appian from $47.00 to $41.00 and set a "buy" rating for the company in a research note on Friday, August 2nd.

Appian Trading Down 3.1 %

APPN traded down $1.17 during midday trading on Friday, reaching $36.43. The company's stock had a trading volume of 740,643 shares, compared to its average volume of 553,869. The stock's 50-day moving average is $34.10 and its 200-day moving average is $32.30. Appian has a 1 year low of $26.28 and a 1 year high of $43.33. The firm has a market capitalization of $2.64 billion, a price-to-earnings ratio of -29.86 and a beta of 1.57.

Insider Transactions at Appian

In related news, major shareholder Abdiel Capital Advisors, Lp bought 25,000 shares of the stock in a transaction that occurred on Wednesday, August 21st. The shares were bought at an average cost of $31.17 per share, for a total transaction of $779,250.00. Following the completion of the transaction, the insider now owns 9,711,434 shares of the company's stock, valued at approximately $302,705,397.78. This trade represents a 0.26 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have acquired 224,717 shares of company stock worth $7,114,354 in the last quarter. Company insiders own 44.00% of the company's stock.

Institutional Investors Weigh In On Appian

A number of institutional investors and hedge funds have recently bought and sold shares of APPN. Geode Capital Management LLC raised its position in shares of Appian by 0.6% during the 3rd quarter. Geode Capital Management LLC now owns 957,493 shares of the company's stock valued at $32,695,000 after buying an additional 5,772 shares in the last quarter. Barclays PLC lifted its holdings in shares of Appian by 285.9% in the 3rd quarter. Barclays PLC now owns 71,771 shares of the company's stock worth $2,451,000 after buying an additional 53,172 shares during the period. Holocene Advisors LP increased its position in Appian by 33.2% during the 3rd quarter. Holocene Advisors LP now owns 75,097 shares of the company's stock valued at $2,564,000 after purchasing an additional 18,729 shares during the period. Benjamin Edwards Inc. purchased a new position in Appian during the third quarter valued at approximately $427,000. Finally, Abdiel Capital Advisors LP raised its position in shares of Appian by 72.6% in the 3rd quarter. Abdiel Capital Advisors LP now owns 10,169,273 shares of the company's stock worth $347,179,000 after acquiring an additional 4,278,969 shares in the last quarter. 52.70% of the stock is owned by institutional investors.

Appian Company Profile

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.