Appian Corp (APPN) Major Shareholder Buys $351,906.22 in Stock

Appian Corp (NASDAQ:APPN) major shareholder Qualified Master Fund L. Abdiel bought 17,473 shares of the business’s stock in a transaction on Friday, December 15th. The shares were acquired at an average price of $20.14 per share, with a total value of $351,906.22. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Appian Corp (NASDAQ APPN) opened at $26.88 on Friday. Appian Corp has a 1 year low of $14.60 and a 1 year high of $28.65.

Several hedge funds have recently added to or reduced their stakes in the company. Abdiel Capital Advisors LP bought a new position in shares of Appian in the second quarter valued at approximately $56,982,000. JPMorgan Chase & Co. boosted its position in shares of Appian by 27.9% in the third 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 period. Lord Abbett & CO. LLC bought a new position in shares of Appian in the second quarter valued at approximately $8,134,000. Vanguard Group Inc. bought a new position in shares of Appian in the second quarter valued at approximately $7,105,000. Finally, Whale Rock Capital Management LLC bought a new position in shares of Appian in the second quarter valued at approximately $4,447,000. Institutional investors own 11.61% of the company’s stock.

A number of equities analysts have weighed in on the stock. Cowen lowered shares of Appian from an “outperform” rating to a “market perform” rating and set a $23.00 target price for the company. in a research report on Monday, October 2nd. Zacks Investment Research lowered shares of Appian from a “buy” rating to a “hold” rating in a research report on Tuesday, September 12th. KeyCorp reiterated a “hold” rating on shares of Appian in a research report on Monday, September 18th. Canaccord Genuity increased their target price on shares of 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 assumed coverage on shares of Appian in a research report on Monday, November 27th. They set an “outperform” rating for the company. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $22.00.

WARNING: This piece of content was originally posted by Community Financial News and is the sole property of of Community Financial News. If you are reading this piece of content on another domain, it was copied illegally and reposted in violation of U.S. and international trademark and copyright legislation. The legal version of this piece of content can be accessed at https://www.com-unik.info/2017/12/22/appian-corp-appn-major-shareholder-buys-351906-22-in-stock.html.

Appian Company Profile

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)

What are top analysts saying about Appian? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Appian and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit