Laurion Capital Management LP purchased a new stake in shares of Appian Corporation (NASDAQ:APPN) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 175,000 shares of the company’s stock, valued at approximately $3,176,000. Laurion Capital Management LP owned about 0.51% of Appian Corporation as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Ameriprise Financial Inc. acquired a new position in Appian Corporation during the second quarter valued at approximately $323,000. Wells Fargo & Company MN acquired a new position in Appian Corporation during the second quarter valued at approximately $2,162,000. Franklin Resources Inc. acquired a new position in Appian Corporation during the second quarter valued at approximately $1,013,000. Kayne Anderson Rudnick Investment Management LLC acquired a new position in Appian Corporation during the second quarter valued at approximately $499,000. Finally, JPMorgan Chase & Co. acquired a new position in Appian Corporation during the second quarter valued at approximately $8,303,000. 11.61% of the stock is owned by hedge funds and other institutional investors.

Several research analysts recently commented on the company. Zacks Investment Research cut Appian Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, September 12th. KeyCorp reissued a “hold” rating on shares of Appian Corporation in a research report on Monday. Canaccord Genuity increased their price target on Appian Corporation from $18.00 to $19.00 and gave the company a “hold” rating in a research report on Friday, August 4th. Barclays PLC reissued an “equal weight” rating and set a $20.00 price target (up from $19.00) on shares of Appian Corporation in a research report on Friday, August 4th. Finally, Cowen and Company assumed coverage on Appian Corporation in a research report on Monday, June 19th. They set an “outperform” rating for the company. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $20.80.

Shares of Appian Corporation (NASDAQ:APPN) opened at 25.30 on Tuesday. The firm has a 50-day moving average price of $22.44 and a 200 day moving average price of $20.25. The company’s market cap is $1.52 billion. Appian Corporation has a 1-year low of $14.60 and a 1-year high of $27.89.

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In other Appian Corporation news, major shareholder Qualified Master Fund L. Abdiel bought 22,438 shares of the business’s stock in a transaction dated Wednesday, August 2nd. The shares were purchased at an average price of $19.50 per share, for a total transaction of $437,541.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Qualified Master Fund L. Abdiel bought 195,437 shares of the business’s stock in a transaction dated Monday, July 31st. The stock was acquired at an average price of $19.46 per share, for a total transaction of $3,803,204.02. The disclosure for this purchase can be found here. Insiders have acquired a total of 1,781,126 shares of company stock valued at $32,734,054 in the last quarter.

About Appian Corporation

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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Institutional Ownership by Quarter for Appian Corporation (NASDAQ:APPN)

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