Appian Corporation (NASDAQ: APPN) has recently received a number of price target changes and ratings updates:

  • 9/13/2017 – Appian Corporation was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $30.00 price target on the stock. According to Zacks, “Appian Corporation provides low-code software development platform which enables organizations to develop various applications primarily in the United States and internationally. The Company’s products include business process management software, case management, mobile application development and platform as a service. It serves financial services, healthcare, government, telecommunications, media, energy, manufacturing and transportation organizations. Appian Corporation is headquartered in Reston, Virginia. “
  • 9/12/2017 – Appian Corporation was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Appian Corporation provides low-code software development platform which enables organizations to develop various applications primarily in the United States and internationally. The Company’s products include business process management software, case management, mobile application development and platform as a service. It serves financial services, healthcare, government, telecommunications, media, energy, manufacturing and transportation organizations. Appian Corporation is headquartered in Reston, Virginia. “
  • 9/5/2017 – Appian Corporation was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $25.00 price target on the stock. According to Zacks, “Appian Corporation provides low-code software development platform which enables organizations to develop various applications primarily in the United States and internationally. The Company’s products include business process management software, case management, mobile application development and platform as a service. It serves financial services, healthcare, government, telecommunications, media, energy, manufacturing and transportation organizations. Appian Corporation is headquartered in Reston, Virginia. “
  • 9/4/2017 – Appian Corporation was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Appian Corporation provides low-code software development platform which enables organizations to develop various applications primarily in the United States and internationally. The Company’s products include business process management software, case management, mobile application development and platform as a service. It serves financial services, healthcare, government, telecommunications, media, energy, manufacturing and transportation organizations. Appian Corporation is headquartered in Reston, Virginia. “
  • 8/4/2017 – Appian Corporation had its price target raised by analysts at Canaccord Genuity from $18.00 to $19.00. They now have a “hold” rating on the stock.
  • 8/4/2017 – Appian Corporation had its “equal weight” rating reaffirmed by analysts at Barclays PLC. They now have a $20.00 price target on the stock, up previously from $19.00.

Appian Corporation (NASDAQ APPN) opened at 25.79 on Monday. The stock’s market capitalization is $1.55 billion. Appian Corporation has a 52-week low of $14.60 and a 52-week high of $27.89. The firm’s 50-day moving average is $22.28 and its 200-day moving average is $20.18.

In related news, major shareholder Qualified Master Fund L. Abdiel purchased 22,438 shares of the firm’s stock in a transaction that occurred on Wednesday, August 2nd. The stock was purchased at an average cost of $19.50 per share, with a total value of $437,541.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Qualified Master Fund L. Abdiel purchased 860,926 shares of the firm’s stock in a transaction that occurred on Tuesday, June 27th. The shares were bought at an average cost of $18.08 per share, with a total value of $15,565,542.08. The disclosure for this purchase can be found here. Insiders bought 1,781,126 shares of company stock valued at $32,734,054 over the last three months.

Appian Corporation provides a low-code software development platform as a service that enables organizations to develop applications. Through Company’s platform, organizations can design, build and implement, enterprise-grade custom applications. Decision makers can reimagine their products, services, processes and customer interactions.

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