New York State Common Retirement Fund acquired a new stake in Appian Corp (NASDAQ:APPN) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 7,213 shares of the company’s stock, valued at approximately $205,000.
Several other large investors have also made changes to their positions in APPN. Neuberger Berman Group LLC purchased a new stake in shares of Appian in the second quarter valued at $292,000. Eagle Asset Management Inc. acquired a new position in Appian in the second quarter valued at $2,716,000. JPMorgan Chase & Co. acquired a new position in Appian in the second quarter valued at $8,303,000. Franklin Resources Inc. acquired a new position in Appian in the second quarter valued at $1,013,000. Finally, Wells Fargo & Company MN acquired a new position in Appian in the second quarter valued at $2,162,000. 11.61% of the stock is owned by institutional investors and hedge funds.
A number of brokerages recently weighed in on APPN. BidaskClub upgraded Appian from a “buy” rating to a “strong-buy” rating in a report on Saturday. Zacks Investment Research upgraded Appian from a “sell” rating to a “hold” rating in a report on Tuesday, January 2nd. William Blair began coverage on Appian in a report on Monday, November 27th. They issued an “outperform” rating on the stock. SunTrust Banks began coverage on Appian in a report on Tuesday, November 21st. They issued a “buy” rating and a $28.00 target price on the stock. Finally, Canaccord Genuity reiterated a “hold” rating on shares of Appian in a report on Monday, November 6th. Seven analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $22.00.
Appian Corp (NASDAQ APPN) opened at $39.68 on Monday. Appian Corp has a fifty-two week low of $14.60 and a fifty-two week high of $43.26.
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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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