Appian Corporation (NASDAQ:APPN) – Equities researchers at KeyCorp issued their Q2 2018 earnings per share (EPS) estimates for shares of Appian Corporation in a report issued on Thursday. KeyCorp analyst B. Mcfadden expects that the company will earn ($0.14) per share for the quarter.

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Other equities analysts have also issued reports about the stock. Pacific Crest began coverage on shares of Appian Corporation in a research report on Monday, June 19th. They set a “sector weight” rating on the stock. Canaccord Genuity lifted their price objective on shares of Appian Corporation from $18.00 to $19.00 and gave the company a “hold” rating in a research report on Friday, August 4th. Cowen and Company began coverage on shares of Appian Corporation in a research report on Monday, June 19th. They issued an “outperform” rating on the stock. Barclays PLC lifted their price objective on shares of Appian Corporation from $19.00 to $20.00 and gave the company an “equal weight” rating in a research report on Friday, August 4th. Finally, Goldman Sachs Group, Inc. (The) began coverage on shares of Appian Corporation in a research report on Monday, June 19th. They issued a “neutral” rating and a $17.00 price objective on the stock. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $18.50.

Appian Corporation (APPN) traded up 1.70% during mid-day trading on Monday, hitting $22.68. 64,889 shares of the stock traded hands. The stock’s market cap is $777.33 million. The company has a 50 day moving average of $18.75 and a 200-day moving average of $18.65. Appian Corporation has a 12-month low of $10.04 and a 12-month high of $22.88.

In other news, major shareholder Qualified Master Fund L. Abdiel acquired 67,547 shares of the stock in a transaction that occurred on Monday, June 12th. The shares were purchased at an average cost of $18.48 per share, for a total transaction of $1,248,268.56. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Qualified Master Fund L. Abdiel acquired 205,360 shares of the stock in a transaction that occurred on Thursday, June 8th. The stock was purchased at an average price of $19.66 per share, for a total transaction of $4,037,377.60. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 2,281,562 shares of company stock worth $42,231,262.

Institutional investors have recently bought and sold shares of the stock. LMR Partners LLP acquired a new stake in shares of Appian Corporation during the second quarter worth $201,000. Neuberger Berman Group LLC acquired a new stake in shares of Appian Corporation during the second quarter worth $292,000. Spark Investment Management LLC acquired a new stake in shares of Appian Corporation during the second quarter worth $2,355,000. Eagle Asset Management Inc. acquired a new stake in shares of Appian Corporation during the second quarter worth $2,716,000. Finally, Gilder Gagnon Howe & Co. LLC acquired a new stake in shares of Appian Corporation during the second quarter worth $5,282,000. Hedge funds and other institutional investors own 6.74% of the company’s stock.

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.

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