Appian Corporation (NASDAQ:APPN) major shareholder Qualified Master Fund L. Abdiel acquired 22,438 shares of the company’s stock in a transaction dated Wednesday, August 2nd. The stock was acquired at an average price of $19.50 per share, for a total transaction of $437,541.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Appian Corporation (NASDAQ:APPN) opened at 19.71 on Monday. The company’s market capitalization is $675.54 million. The stock has a 50 day moving average price of $18.61 and a 200-day moving average price of $18.56. Appian Corporation has a 1-year low of $14.60 and a 1-year high of $21.49.

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A number of large investors have recently modified their holdings of the stock. LMR Partners LLP purchased a new stake in shares of Appian Corporation during the second quarter valued at about $201,000. Spark Investment Management LLC purchased a new stake in shares of Appian Corporation during the second quarter valued at about $2,355,000. Finally, Gilder Gagnon Howe & Co. LLC purchased a new stake in shares of Appian Corporation during the second quarter valued at about $5,282,000. Institutional investors and hedge funds own 6.74% of the company’s stock.

A number of equities analysts have recently commented on APPN shares. Barclays PLC started coverage on Appian Corporation in a research note on Monday, June 19th. They issued an “equal weight” rating and a $19.00 price objective on the stock. Pacific Crest started coverage on Appian Corporation in a research note on Monday, June 19th. They issued a “sector weight” rating on the stock. Cowen and Company started coverage on Appian Corporation in a research note on Monday, June 19th. They issued an “outperform” rating on the stock. Morgan Stanley started coverage on Appian Corporation in a research note on Monday, June 19th. They issued an “equal weight” rating and a $18.00 price objective on the stock. Finally, Canaccord Genuity started coverage on Appian Corporation in a research note on Monday, June 19th. They issued a “hold” rating and a $18.00 price objective on the stock. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $18.50.

Appian Corporation 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 Corporation (NASDAQ:APPN)

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