Appian Co. (NASDAQ:APPN) Receives Average Rating of “Hold” from Analysts

Appian Co. (NASDAQ:APPN) has been given an average rating of “Hold” by the seven ratings firms that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and one has given a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $40.17.

Several analysts recently issued reports on APPN shares. DA Davidson reiterated a “neutral” rating and set a $33.00 target price on shares of Appian in a report on Monday, October 14th. Barclays upped their price objective on Appian from $34.00 to $37.00 and gave the stock an “underweight” rating in a research note on Friday, December 6th. Finally, Scotiabank started coverage on shares of Appian in a report on Monday, January 6th. They set a “sector perform” rating and a $37.00 target price on the stock.

Insider Activity at Appian

In other news, Director William D. Mccarthy sold 700 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $38.78, for a total transaction of $27,146.00. Following the transaction, the director now directly owns 7,966 shares of the company’s stock, valued at approximately $308,921.48. This trade represents a 8.08 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 44.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On Appian

A number of large investors have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC bought a new stake in shares of Appian during the 3rd quarter valued at $29,000. Canada Pension Plan Investment Board bought a new stake in Appian during the second quarter worth about $96,000. Point72 Hong Kong Ltd acquired a new stake in Appian during the second quarter worth about $121,000. Point72 Asia Singapore Pte. Ltd. increased its holdings in Appian by 35.8% in the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,126 shares of the company’s stock valued at $127,000 after buying an additional 1,088 shares during the period. Finally, FMR LLC raised its position in shares of Appian by 199.4% in the 3rd quarter. FMR LLC now owns 5,935 shares of the company’s stock valued at $203,000 after buying an additional 3,953 shares in the last quarter. Institutional investors and hedge funds own 52.70% of the company’s stock.

Appian Trading Down 3.1 %

Shares of APPN opened at $33.68 on Friday. The stock has a market capitalization of $2.88 billion, a price-to-earnings ratio of -27.61 and a beta of 1.61. Appian has a 12 month low of $26.28 and a 12 month high of $43.33. The firm has a fifty day simple moving average of $36.95 and a 200 day simple moving average of $33.98.

Appian Company Profile

Appian Corporation, a software company that provides low-code design platform in the United States, Mexico, Portugal, and internationally. The company's platform offers artificial intelligence, process automation, data fabric, and process mining. It provides The Appian Platform, an integrated automation platform that enables organizations to design, automate, and optimize mission-critical business processes.