Appian Corporation (NASDAQ:APPN) has received an average rating of “Hold” from the eight analysts that are presently covering the firm, MarketBeat.com reports. Six investment analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $20.80.

Several analysts have weighed in on APPN shares. Zacks Investment Research upgraded Appian Corporation from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a research note on Wednesday, September 13th. Morgan Stanley boosted their price target on Appian Corporation from $18.00 to $19.00 and gave the company an “equal weight” rating in a research note on Friday, November 3rd. Barclays PLC reiterated an “equal weight” rating and set a $20.00 price target (up previously from $19.00) on shares of Appian Corporation in a research note on Friday, August 4th. KeyCorp reiterated a “hold” rating on shares of Appian Corporation in a research note on Monday, September 18th. Finally, Canaccord Genuity reiterated a “hold” rating on shares of Appian Corporation in a research note on Monday, November 6th.

TRADEMARK VIOLATION NOTICE: “Appian Corporation (APPN) Receives Consensus Recommendation of “Hold” from Brokerages” was first reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this news story on another site, it was illegally stolen and reposted in violation of US and international trademark and copyright laws. The original version of this news story can be viewed at https://www.thecerbatgem.com/2017/11/16/appian-corporation-appn-receives-consensus-recommendation-of-hold-from-brokerages.html.

Appian Corporation (APPN) traded down $0.98 during trading on Thursday, reaching $21.24. The company’s stock had a trading volume of 299,300 shares, compared to its average volume of 232,009. Appian Corporation has a twelve month low of $14.60 and a twelve month high of $28.65.

In related news, major shareholder Qualified Master Fund L. Abdiel acquired 65,533 shares of the firm’s stock in a transaction dated Wednesday, October 25th. The stock was acquired at an average price of $22.23 per share, with a total value of $1,456,798.59. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Qualified Master Fund L. Abdiel acquired 28,800 shares of the firm’s stock in a transaction dated Tuesday, September 26th. The stock was bought at an average cost of $22.14 per share, with a total value of $637,632.00. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 146,376 shares of company stock worth $3,249,007.

Hedge funds have recently modified their holdings of the company. Wells Fargo & Company MN acquired a new position in shares of Appian Corporation in the 2nd quarter valued at about $2,162,000. Eagle Asset Management Inc. acquired a new position in shares of Appian Corporation in the 2nd quarter valued at about $2,716,000. Abdiel Capital Advisors LP acquired a new position in shares of Appian Corporation in the 2nd quarter valued at about $56,982,000. Spark Investment Management LLC acquired a new position in Appian Corporation in the 2nd quarter worth about $2,355,000. Finally, Lord Abbett & CO. LLC acquired a new position in Appian Corporation in the 2nd quarter worth about $8,134,000. 11.53% of the stock is owned by institutional investors and hedge funds.

Appian Corporation Company Profile

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.

Analyst Recommendations for Appian Corporation (NASDAQ:APPN)

Receive News & Stock Ratings for Appian Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Appian Corporation and related stocks with our FREE daily email newsletter.