Shares of Appian Corporation (NASDAQ:APPN) hit a new 52-week high during trading on Tuesday . The company traded as high as $23.64 and last traded at $23.64, with a volume of 229,099 shares. The stock had previously closed at $22.24.

A number of brokerages have commented on APPN. Pacific Crest began coverage on Appian Corporation in a report on Monday, June 19th. They set a “sector weight” rating for the company. Canaccord Genuity boosted their price objective on Appian Corporation from $18.00 to $19.00 and gave the stock a “hold” rating in a report on Friday, August 4th. Cowen and Company began coverage on Appian Corporation in a report on Monday, June 19th. They set an “outperform” rating for the company. Barclays PLC reissued 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. Finally, Goldman Sachs Group, Inc. (The) began coverage on Appian Corporation in a report on Monday, June 19th. They set a “neutral” rating and a $17.00 price objective for the company. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $19.80.

The firm’s market cap is $1.49 billion. The firm has a 50-day moving average price of $21.11 and a 200 day moving average price of $19.58.

In related news, major shareholder Qualified Master Fund L. Abdiel bought 860,926 shares of the business’s stock in a transaction on Tuesday, June 27th. The stock was acquired at an average price of $18.08 per share, with a total value of $15,565,542.08. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, major shareholder Qualified Master Fund L. Abdiel bought 22,438 shares of the business’s stock in a transaction on Wednesday, August 2nd. The stock was bought at an average cost of $19.50 per share, with a total value of $437,541.00. The disclosure for this purchase can be found here. Insiders have purchased 1,848,673 shares of company stock valued at $33,982,323 in the last three months.

A number of large investors have recently bought and sold shares of the business. Lord Abbett & CO. LLC bought a new stake in Appian Corporation in the 2nd quarter worth approximately $8,134,000. Tower Research Capital LLC TRC bought a new stake in Appian Corporation in the 2nd quarter worth approximately $238,000. Whale Rock Capital Management LLC bought a new stake in Appian Corporation in the 2nd quarter worth approximately $4,447,000. Goldman Sachs Group Inc. bought a new stake in Appian Corporation in the 2nd quarter worth approximately $370,000. Finally, Abdiel Capital Advisors LP bought a new stake in Appian Corporation in the 2nd quarter worth approximately $56,982,000. 97.08% of the stock is owned by institutional investors and hedge funds.

TRADEMARK VIOLATION NOTICE: This piece of content was published by Daily Political and is owned by of Daily Political. If you are reading this piece of content on another site, it was stolen and reposted in violation of U.S. & international trademark & copyright legislation. The legal version of this piece of content can be viewed at https://www.dailypolitical.com/2017/09/07/appian-corporation-appn-sets-new-1-year-high-at-23-64.html.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.