Abdiel Capital Management, Llc Buys 23,443 Shares of Appian Corporation (APPN) Stock

Appian Corporation (NASDAQ:APPN) major shareholder Abdiel Capital Management, Llc acquired 23,443 shares of the stock in a transaction that occurred on Monday, October 23rd. The stock was purchased at an average cost of $22.24 per share, with a total value of $521,372.32. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Abdiel Capital Management, Llc also recently made the following trade(s):

  • On Monday, September 25th, Abdiel Capital Management, Llc acquired 28,600 shares of Appian Corporation stock. The stock was purchased at an average cost of $22.14 per share, with a total value of $633,204.00.

Appian Corporation (NASDAQ APPN) opened at 23.02 on Friday. The company’s market capitalization is $1.38 billion. Appian Corporation has a 12-month low of $15.23 and a 12-month high of $28.65. The stock’s 50 day moving average price is $24.19 and its 200 day moving average price is $21.24.

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A number of large investors have recently bought and sold shares of APPN. Spark Investment Management LLC acquired a new position in Appian Corporation in the second quarter worth about $2,355,000. Gilder Gagnon Howe & Co. LLC acquired a new position in Appian Corporation in the second quarter worth about $5,282,000. LMR Partners LLP acquired a new position in Appian Corporation in the second quarter worth about $201,000. Neuberger Berman Group LLC acquired a new position in Appian Corporation in the second quarter worth about $292,000. Finally, Eagle Asset Management Inc. acquired a new position in Appian Corporation in the second quarter worth about $2,716,000. 11.61% of the stock is owned by hedge funds and other institutional investors.

Several analysts recently weighed in on APPN shares. Zacks Investment Research lowered Appian Corporation from a “buy” rating to a “hold” rating in a report on Monday, September 4th. Cowen and Company lowered Appian Corporation from an “outperform” rating to a “market perform” rating and set a $23.00 price objective for the company. in a report on Monday, October 2nd. KeyCorp reissued a “hold” rating on shares of Appian Corporation in a report on Monday, September 18th. Canaccord Genuity boosted their price objective on Appian Corporation from $18.00 to $19.00 and gave the company a “hold” rating in a report on Friday, August 4th. Finally, Barclays PLC reissued an “equal weight” rating and issued a $20.00 price objective (up from $19.00) on shares of Appian Corporation in a report on Friday, August 4th. Seven research analysts have rated the stock with a hold rating, The company currently has an average rating of “Hold” and a consensus target price of $21.17.

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.

Insider Buying and Selling by Quarter for Appian Corporation (NASDAQ:APPN)

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