Appian Corp (NASDAQ:APPN) major shareholder Abdiel Capital Management, Llc purchased 5,258 shares of the company’s stock in a transaction that occurred on Monday, December 4th. The shares were purchased at an average cost of $20.48 per share, for a total transaction of $107,683.84. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Abdiel Capital Management, Llc also recently made the following trade(s):

  • On Monday, October 23rd, Abdiel Capital Management, Llc purchased 23,443 shares of Appian stock. The shares were purchased at an average cost of $22.24 per share, for a total transaction of $521,372.32.
  • On Monday, September 25th, Abdiel Capital Management, Llc purchased 28,600 shares of Appian stock. The shares were purchased at an average cost of $22.14 per share, for a total transaction of $633,204.00.

Shares of Appian Corp (NASDAQ APPN) traded up $0.06 during mid-day trading on Thursday, reaching $21.20. 117,100 shares of the company’s stock traded hands, compared to its average volume of 258,616. Appian Corp has a 52 week low of $14.60 and a 52 week high of $28.65.

Hedge funds and other institutional investors have recently bought and sold shares of the company. LMR Partners LLP acquired a new position in shares of Appian in the 2nd quarter valued at about $201,000. New York State Common Retirement Fund acquired a new position in shares of Appian in the 3rd quarter valued at about $205,000. Tower Research Capital LLC TRC acquired a new position in shares of Appian in the 2nd quarter valued at about $238,000. Neuberger Berman Group LLC acquired a new position in shares of Appian in the 2nd quarter valued at about $292,000. Finally, Ameriprise Financial Inc. acquired a new position in shares of Appian in the 2nd quarter valued at about $323,000. 11.61% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts recently issued reports on the stock. KeyCorp reaffirmed a “hold” rating on shares of Appian in a research note on Monday, September 18th. Canaccord Genuity lifted their price target on shares of Appian from $19.00 to $22.00 and gave the stock a “hold” rating in a research note on Monday, October 30th. Zacks Investment Research raised shares of Appian from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a report on Wednesday, September 13th. SunTrust Banks assumed coverage on shares of Appian in a report on Tuesday, November 21st. They set a “buy” rating and a $28.00 price objective for the company. Finally, William Blair assumed coverage on shares of Appian in a report on Monday, November 27th. They set an “outperform” rating for the company. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Appian presently has an average rating of “Hold” and a consensus price target of $22.00.

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Appian 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.

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

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