Appian Co. (NASDAQ:APPN - Get Free Report) major shareholder Abdiel Capital Advisors, Lp sold 29,971 shares of the firm's stock in a transaction on Friday, April 11th. The shares were sold at an average price of $27.04, for a total transaction of $810,415.84. Following the transaction, the insider now directly owns 9,835,219 shares of the company's stock, valued at $265,944,321.76. The trade was a 0.30 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Major shareholders that own at least 10% 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 Wednesday, April 9th, Abdiel Capital Advisors, Lp sold 34,943 shares of Appian stock. The shares were sold at an average price of $28.08, for a total value of $981,199.44.
- 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.
- On Wednesday, April 2nd, Abdiel Capital Advisors, Lp sold 57,975 shares of Appian stock. The shares were sold at an average price of $29.52, for a total value of $1,711,422.00.
Appian Price Performance
NASDAQ APPN opened at $27.02 on Friday. The stock has a market capitalization of $2.00 billion, a P/E ratio of -21.44 and a beta of 1.78. The business has a 50 day simple moving average of $30.90 and a 200 day simple moving average of $33.75. Appian Co. has a one year low of $24.00 and a one year high of $43.33.
Appian (NASDAQ:APPN - Get Free Report) last announced its quarterly earnings data on Wednesday, February 19th. The company reported ($0.12) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.11). The company had revenue of $166.70 million for 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 quarterly revenue was up 14.7% compared to the same quarter last year. During the same period last year, the business earned $0.06 EPS. Equities analysts expect that Appian Co. will post -0.28 earnings per share for the current year.
Institutional Investors Weigh In On Appian
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Oppenheimer & Co. Inc. grew its stake in Appian by 5.1% in the fourth quarter. Oppenheimer & Co. Inc. now owns 8,200 shares of the company's stock valued at $270,000 after acquiring an additional 400 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of 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 worth $2,739,000 after purchasing an additional 491 shares in the last quarter. Canada Pension Plan Investment Board grew its position in Appian by 27.8% in the 4th quarter. Canada Pension Plan Investment Board now owns 2,300 shares of the company's stock valued at $76,000 after purchasing an additional 500 shares during the period. The Manufacturers Life Insurance Company increased its stake in Appian by 3.3% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 21,688 shares of the company's stock valued at $740,000 after purchasing an additional 686 shares in the last quarter. Finally, Point72 Hong Kong Ltd bought a new stake in Appian during the 4th quarter valued at $35,000. 52.70% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Several brokerages recently commented on APPN. KeyCorp reiterated a "sector weight" rating on shares of Appian in a report on Tuesday, January 14th. Scotiabank initiated coverage on shares of Appian in a research note on Monday, January 6th. They issued a "sector perform" rating and a $37.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $37.80.
View Our Latest Analysis on Appian
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.
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