Insider Selling: Appian Corp (NASDAQ:APPN) Director Sells 5,000 Shares of Stock

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Appian Corp (NASDAQ:APPN) Director Michael J. Mulligan sold 5,000 shares of the business’s stock in a transaction on Friday, February 14th. The stock was sold at an average price of $60.00, for a total value of $300,000.00. Following the sale, the director now directly owns 44,060 shares in the company, valued at $2,643,600. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of Appian stock opened at $59.82 on Friday. The stock’s fifty day moving average is $47.87 and its 200-day moving average is $46.95. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 0.02. Appian Corp has a 12-month low of $30.43 and a 12-month high of $62.94.

A number of equities research analysts have recently issued reports on APPN shares. Needham & Company LLC started coverage on Appian in a research report on Friday, January 10th. They set a “buy” rating and a $49.00 target price on the stock. BidaskClub raised Appian from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Finally, Zacks Investment Research raised Appian from a “hold” rating to a “buy” rating and set a $59.00 target price on the stock in a research report on Thursday, January 16th. Five investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $42.73.

Several institutional investors have recently made changes to their positions in APPN. Point72 Asset Management L.P. raised its holdings in Appian by 104.3% in the 4th quarter. Point72 Asset Management L.P. now owns 176,235 shares of the company’s stock valued at $6,734,000 after acquiring an additional 89,985 shares in the last quarter. AQR Capital Management LLC raised its holdings in Appian by 270.4% in the 4th quarter. AQR Capital Management LLC now owns 18,161 shares of the company’s stock valued at $694,000 after acquiring an additional 13,258 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in Appian by 14.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 118,707 shares of the company’s stock valued at $4,535,000 after acquiring an additional 15,293 shares in the last quarter. Amundi Pioneer Asset Management Inc. raised its holdings in Appian by 77.2% in the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 534,133 shares of the company’s stock valued at $20,409,000 after acquiring an additional 232,713 shares in the last quarter. Finally, Wealthspire Advisors L.P. acquired a new position in Appian in the 4th quarter valued at approximately $1,032,000. 41.73% of the stock is currently owned by institutional investors.

Appian Company Profile

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

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