Appian Corporation (NASDAQ:APPN) Receiving Somewhat Positive Press Coverage, Accern Reports

Press coverage about Appian Corporation (NASDAQ:APPN) has been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group scores the sentiment of news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Appian Corporation earned a coverage optimism score of 0.15 on Accern’s scale. Accern also gave news stories about the company an impact score of 46.0992542462162 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

Here are some of the media headlines that may have effected Accern Sentiment Analysis’s rankings:

A number of equities analysts have issued reports on the stock. Barclays PLC reaffirmed an “equal weight” rating and set a $20.00 price objective (up from $19.00) on shares of Appian Corporation in a report on Friday, August 4th. Pacific Crest assumed coverage on shares of Appian Corporation in a report on Monday, June 19th. They set a “sector weight” rating on the stock. Cowen and Company initiated coverage on shares of Appian Corporation in a report on Monday, June 19th. They set an “outperform” rating on the stock. Morgan Stanley began coverage on shares of Appian Corporation in a report on Monday, June 19th. They issued an “equal weight” rating and a $18.00 price target on the stock. Finally, Canaccord Genuity boosted their price objective on Appian Corporation from $18.00 to $19.00 and gave the company a “hold” rating in a research note on Friday, August 4th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Appian Corporation has a consensus rating of “Hold” and an average price target of $18.50.

Shares of Appian Corporation (APPN) traded up 2.87% during mid-day trading on Friday, reaching $20.46. The company had a trading volume of 121,224 shares. Appian Corporation has a 1-year low of $10.04 and a 1-year high of $23.28. The firm has a 50-day moving average price of $19.17 and a 200-day moving average price of $18.86. The stock’s market capitalization is $1.23 billion.

In other Appian Corporation news, major shareholder Qualified Master Fund L. Abdiel acquired 205,360 shares of the company’s stock in a transaction that occurred on Thursday, June 8th. The stock was bought at an average price of $19.66 per share, for a total transaction of $4,037,377.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Qualified Master Fund L. Abdiel acquired 22,438 shares of the company’s stock in a transaction that occurred on Wednesday, August 2nd. The shares were acquired at an average price of $19.50 per share, with a total value of $437,541.00. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 2,281,562 shares of company stock valued at $42,231,262.

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About Appian Corporation

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.

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