Appian Co. (NASDAQ:APPN - Get Free Report) major shareholder Abdiel Capital Advisors, Lp sold 5,103 shares of the business's stock in a transaction on Wednesday, April 16th. The shares were sold at an average price of $27.02, for a total transaction of $137,883.06. Following the completion of the sale, the insider now directly owns 9,755,116 shares in the company, valued at $263,583,234.32. This represents a 0.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Large shareholders that own at least 10% of a company's shares are required to disclose their sales and purchases with the SEC.
Abdiel Capital Advisors, Lp also recently made the following trade(s):
- On Monday, April 14th, Abdiel Capital Advisors, Lp sold 33,000 shares of Appian stock. The shares were sold at an average price of $27.11, for a total value of $894,630.00.
- On Friday, April 11th, Abdiel Capital Advisors, Lp sold 29,971 shares of Appian stock. The stock was sold at an average price of $27.04, for a total value of $810,415.84.
- 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 transaction of $2,080,206.72.
- On Wednesday, April 2nd, Abdiel Capital Advisors, Lp sold 57,975 shares of Appian stock. The stock was sold at an average price of $29.52, for a total transaction of $1,711,422.00.
Appian Stock Performance
Appian stock opened at $26.92 on Thursday. The stock has a 50-day simple moving average of $30.48 and a 200 day simple moving average of $33.59. The stock has a market capitalization of $1.99 billion, a P/E ratio of -21.37 and a beta of 1.78. Appian Co. has a 52 week low of $24.00 and a 52 week high of $43.33.
Appian (NASDAQ:APPN - Get Free Report) last posted its earnings results on Wednesday, February 19th. The company reported ($0.12) earnings per share for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.11). Appian had a negative return on equity of 532.05% and a negative net margin of 14.95%. The business had revenue of $166.70 million for the quarter, compared to analyst estimates of $164.31 million. During the same period in the previous year, the firm posted $0.06 earnings per share. The firm's revenue was up 14.7% compared to the same quarter last year. Research analysts forecast that Appian Co. will post -0.28 earnings per share for the current year.
Wall Street Analyst Weigh In
Several brokerages have issued reports on APPN. DA Davidson lowered their price target on shares of Appian from $40.00 to $28.00 and set a "neutral" rating on the stock in a research note on Monday. Morgan Stanley lowered their target price on Appian from $35.00 to $27.00 and set an "equal weight" rating on the stock in a research report on Wednesday. KeyCorp reiterated a "sector weight" rating on shares of Appian in a report on Tuesday, January 14th. Finally, Scotiabank began coverage on Appian in a research note on Monday, January 6th. They issued a "sector perform" rating and a $37.00 price target for the company. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $35.17.
Check Out Our Latest Research Report on Appian
Hedge Funds Weigh In On Appian
Institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in shares of Appian by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 5,028,472 shares of the company's stock worth $165,839,000 after buying an additional 23,890 shares during the period. Lead Edge Capital Management LLC raised its holdings in Appian by 5.7% in the 4th quarter. Lead Edge Capital Management LLC now owns 1,528,085 shares of the company's stock valued at $50,396,000 after acquiring an additional 83,000 shares during the period. First Trust Advisors LP lifted its position in Appian by 7.1% during the fourth quarter. First Trust Advisors LP now owns 1,263,405 shares of the company's stock worth $41,667,000 after acquiring an additional 83,708 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Appian by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 972,203 shares of the company's stock worth $32,071,000 after acquiring an additional 14,710 shares during the period. Finally, D. E. Shaw & Co. Inc. grew its position in shares of Appian by 19.2% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 658,654 shares of the company's stock valued at $21,722,000 after purchasing an additional 106,023 shares during the last quarter. 52.70% of the stock is currently owned by institutional investors and hedge funds.
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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