Appian Co. (NASDAQ:APPN - Get Free Report) major shareholder Abdiel Capital Advisors, Lp sold 57,975 shares of Appian stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $29.52, for a total transaction of $1,711,422.00. Following the completion of the transaction, the insider now owns 10,121,563 shares in the company, valued at $298,788,539.76. This trade represents a 0.57 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own 10% or more of a company's stock are required to disclose their transactions with the SEC.
Abdiel Capital Advisors, Lp also recently made the following trade(s):
- On Friday, April 4th, Abdiel Capital Advisors, Lp sold 78,528 shares of Appian stock. The stock was sold at an average price of $26.49, for a total value of $2,080,206.72.
Appian Price Performance
Shares of Appian stock opened at $26.40 on Friday. Appian Co. has a 52-week low of $25.77 and a 52-week high of $43.33. The firm has a market capitalization of $1.95 billion, a PE ratio of -20.95 and a beta of 1.78. The company's fifty day moving average price is $32.07 and its two-hundred day moving average price is $34.06.
Appian (NASDAQ:APPN - Get Free Report) last posted its quarterly earnings results on Wednesday, February 19th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.11). The business had revenue of $166.70 million during the quarter, compared to analyst estimates of $164.31 million. Appian had a negative return on equity of 532.05% and a negative net margin of 14.95%. The business's revenue for the quarter was up 14.7% on a year-over-year basis. During the same period last year, the company earned $0.06 EPS. Analysts predict that Appian Co. will post -0.28 earnings per share for the current fiscal year.
Analysts Set New Price Targets
APPN has been the topic of several research analyst reports. KeyCorp restated a "sector weight" rating on shares of Appian in a research note on Tuesday, January 14th. Barclays raised their price target 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 began coverage on shares of Appian in a research report on Monday, January 6th. They set a "sector perform" rating and a $37.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. According to MarketBeat, Appian presently has an average rating of "Hold" and an average price target of $37.80.
View Our Latest Report on Appian
Institutional Trading of Appian
Several institutional investors have recently bought and sold shares of the stock. Point72 Hong Kong Ltd bought a new position in shares of Appian during the fourth quarter valued at $35,000. Canada Pension Plan Investment Board increased its position in shares of Appian by 27.8% during the 4th quarter. Canada Pension Plan Investment Board now owns 2,300 shares of the company's stock worth $76,000 after purchasing an additional 500 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in Appian by 1,244.8% during the 4th quarter. Russell Investments Group Ltd. now owns 3,779 shares of the company's stock valued at $125,000 after purchasing an additional 3,498 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new position in Appian in the fourth quarter valued at about $181,000. Finally, FMR LLC grew its stake in Appian by 199.4% during the third quarter. FMR LLC now owns 5,935 shares of the company's stock worth $203,000 after buying an additional 3,953 shares during the last quarter. Institutional investors and hedge funds own 52.70% of the company's stock.
About Appian
(
Get Free Report)
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.
Further Reading
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