Appian Corp (NASDAQ:APPN) major shareholder Abdiel Capital Management, Llc sold 16,782 shares of the company’s stock in a transaction that occurred on Friday, July 5th. The shares were sold at an average price of $36.40, for a total value of $610,864.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.
NASDAQ:APPN opened at $38.47 on Friday. The stock’s fifty day moving average price is $35.39. Appian Corp has a 52 week low of $22.61 and a 52 week high of $39.92. The firm has a market capitalization of $2.49 billion, a PE ratio of -48.09 and a beta of 1.40.
Appian (NASDAQ:APPN) last released its quarterly earnings results on Thursday, May 2nd. The company reported ($0.16) EPS for the quarter, hitting analysts’ consensus estimates of ($0.16). Appian had a negative return on equity of 91.41% and a negative net margin of 24.48%. The company had revenue of $59.58 million for the quarter, compared to analysts’ expectations of $59.71 million. During the same period in the prior year, the firm earned ($0.12) earnings per share. The firm’s revenue was up 15.2% compared to the same quarter last year. On average, equities research analysts predict that Appian Corp will post -0.83 EPS for the current year.
Large investors have recently added to or reduced their stakes in the business. Weaver Consulting Group acquired a new position in Appian during the first quarter worth $25,000. Lindbrook Capital LLC lifted its stake in Appian by 50.0% during the first quarter. Lindbrook Capital LLC now owns 900 shares of the company’s stock worth $30,000 after purchasing an additional 300 shares in the last quarter. Valeo Financial Advisors LLC lifted its stake in Appian by 83.3% during the second quarter. Valeo Financial Advisors LLC now owns 836 shares of the company’s stock worth $30,000 after purchasing an additional 380 shares in the last quarter. Great West Life Assurance Co. Can acquired a new position in Appian during the fourth quarter worth $38,000. Finally, Advisor Group Inc. lifted its stake in Appian by 12.2% during the fourth quarter. Advisor Group Inc. now owns 2,759 shares of the company’s stock worth $74,000 after purchasing an additional 300 shares in the last quarter. Institutional investors own 28.68% of the company’s stock.
A number of research analysts recently commented on APPN shares. BidaskClub cut Amyris from a “hold” rating to a “sell” rating in a report on Thursday, June 27th. Barclays reiterated a “buy” rating on shares of NXP Semiconductors in a report on Sunday, May 5th. Morgan Stanley set a $123.00 price objective on Lowe’s Companies and gave the company a “buy” rating in a report on Thursday, May 23rd. Zacks Investment Research upgraded HB Fuller from a “sell” rating to a “hold” rating in a report on Wednesday, July 3rd. Finally, William Blair reiterated an “outperform” rating on shares of NuCana in a report on Thursday, May 16th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $33.59.
Appian Corporation provides low-code software development platform that enables organizations to develop various applications in the United States and internationally. The company's platform automates the creation of forms, data flows, records, reports, and other software elements that are needed to be manually coded or configured.
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