Appian Corporation (NASDAQ:APPN) major shareholder Qualified Master Fund L. Abdiel bought 450,000 shares of the business’s stock in a transaction on Monday, November 20th. The shares were acquired at an average price of $20.15 per share, with a total value of $9,067,500.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Appian Corporation (NASDAQ APPN) opened at $21.50 on Thursday. Appian Corporation has a 12 month low of $14.60 and a 12 month high of $28.65.

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A number of brokerages have recently commented on APPN. Zacks Investment Research cut Appian Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, September 12th. Barclays PLC reiterated an “equal weight” rating and issued a $20.00 price target (up from $19.00) on shares of Appian Corporation in a research note on Friday, August 4th. 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 note on Friday, August 4th. SunTrust Banks, Inc. began coverage on Appian Corporation in a research note on Tuesday. They issued a “buy” rating and a $28.00 price target for the company. Finally, Morgan Stanley increased 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. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Appian Corporation currently has a consensus rating of “Hold” and a consensus price target of $22.00.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. increased its holdings in Appian Corporation by 27.9% in the third quarter. JPMorgan Chase & Co. now owns 585,018 shares of the company’s stock valued at $14,673,000 after purchasing an additional 127,545 shares during the period. Kayne Anderson Rudnick Investment Management LLC increased its holdings in Appian Corporation by 24.8% in the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 34,348 shares of the company’s stock valued at $977,000 after purchasing an additional 6,828 shares during the period. New York State Common Retirement Fund acquired a new stake in Appian Corporation in the third quarter valued at $205,000. Lord Abbett & CO. LLC acquired a new stake in Appian Corporation in the second quarter valued at $8,134,000. Finally, Tower Research Capital LLC TRC acquired a new stake in Appian Corporation in the second quarter valued at $238,000. Institutional investors and hedge funds own 11.56% of the company’s stock.

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.

Insider Buying and Selling by Quarter for Appian Corporation (NASDAQ:APPN)

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