Appian Corp (NASDAQ:APPN) major shareholder Abdiel Capital Management, Llc purchased 30,476 shares of the business’s stock in a transaction on Thursday, December 7th. The shares were bought at an average price of $20.71 per share, for a total transaction of $631,157.96. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

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

  • On Monday, December 4th, Abdiel Capital Management, Llc purchased 5,258 shares of Appian stock. The shares were bought at an average price of $20.48 per share, for a total transaction of $107,683.84.
  • On Monday, October 23rd, Abdiel Capital Management, Llc purchased 23,443 shares of Appian stock. The shares were bought at an average price 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 bought at an average price of $22.14 per share, for a total transaction of $633,204.00.

Shares of Appian Corp (NASDAQ APPN) opened at $20.24 on Wednesday. Appian Corp has a 1 year low of $14.60 and a 1 year high of $28.65.

Several research firms have recently issued reports on APPN. Cowen cut Appian from an “outperform” rating to a “market perform” rating and set a $23.00 price objective for the company. in a research report on Monday, October 2nd. Zacks Investment Research cut Appian from a “buy” rating to a “hold” rating in a research report on Tuesday, September 12th. KeyCorp reaffirmed a “hold” rating on shares of Appian in a research report on Monday, September 18th. Canaccord Genuity upped their price objective on Appian from $19.00 to $22.00 and gave the stock a “hold” rating in a research report on Monday, October 30th. Finally, William Blair began coverage on Appian in a research report on Monday, November 27th. They set an “outperform” rating for the company. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $22.00.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. raised its stake in Appian by 27.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 585,018 shares of the company’s stock valued at $14,673,000 after acquiring an additional 127,545 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its stake in Appian by 24.8% during the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 34,348 shares of the company’s stock valued at $977,000 after acquiring an additional 6,828 shares during the last quarter. New York State Common Retirement Fund purchased a new stake in Appian during the 3rd quarter valued at approximately $205,000. Lord Abbett & CO. LLC purchased a new stake in Appian during the 2nd quarter valued at approximately $8,134,000. Finally, Tower Research Capital LLC TRC purchased a new stake in Appian during the 2nd quarter valued at approximately $238,000. 11.61% of the stock is owned by hedge funds and other institutional investors.

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About Appian

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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