Appian (NASDAQ:APPN - Free Report) had its price target upped by Barclays from $34.00 to $37.00 in a research note released on Friday morning,Benzinga reports. Barclays currently has an underweight rating on the stock.
Separately, DA Davidson restated a "neutral" rating and set a $33.00 price target on shares of Appian in a research note on Monday, October 14th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $40.80.
View Our Latest Analysis on Appian
Appian Trading Up 3.0 %
NASDAQ:APPN traded up $1.20 during mid-day trading on Friday, reaching $40.65. The stock had a trading volume of 440,337 shares, compared to its average volume of 493,787. The business's 50 day moving average is $35.68 and its 200 day moving average is $32.82. Appian has a fifty-two week low of $26.28 and a fifty-two week high of $43.33.
Insider Activity
In other Appian news, major shareholder Abdiel Capital Advisors, Lp purchased 10,265 shares of the company's stock in a transaction on Tuesday, October 1st. The shares were bought at an average cost of $33.75 per share, with a total value of $346,443.75. Following the transaction, the insider now directly owns 10,179,538 shares in the company, valued at approximately $343,559,407.50. This represents a 0.10 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director William D. Mccarthy sold 700 shares of the company's stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $38.78, for a total value of $27,146.00. Following the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have bought a total of 101,093 shares of company stock valued at $3,246,857 over the last 90 days. 44.00% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Appian
Several large investors have recently bought and sold shares of the stock. Crossmark Global Holdings Inc. increased its position in shares of Appian by 3.0% during the second quarter. Crossmark Global Holdings Inc. now owns 9,693 shares of the company's stock valued at $299,000 after purchasing an additional 280 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Appian by 0.6% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 80,242 shares of the company's stock valued at $2,739,000 after buying an additional 491 shares during the period. The Manufacturers Life Insurance Company raised its stake in shares of Appian by 3.3% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 21,688 shares of the company's stock valued at $740,000 after buying an additional 686 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Appian by 3.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 21,002 shares of the company's stock worth $648,000 after acquiring an additional 689 shares during the period. Finally, Allspring Global Investments Holdings LLC acquired a new stake in shares of Appian during the 3rd quarter valued at about $29,000. 52.70% of the stock is currently owned by institutional investors and hedge funds.
About Appian
(
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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.
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