Appian Corp (NASDAQ:APPN) major shareholder Abdiel Capital Management, Llc purchased 70,209 shares of the company’s stock in a transaction that occurred on Monday, March 19th. The shares were purchased at an average price of $26.30 per share, for a total transaction of $1,846,496.70. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own at least 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 Thursday, March 15th, Abdiel Capital Management, Llc purchased 27,500 shares of Appian stock. The shares were purchased at an average price of $25.91 per share, for a total transaction of $712,525.00.
Shares of APPN stock opened at $26.76 on Wednesday. Appian Corp has a 1-year low of $14.60 and a 1-year high of $43.26.
Appian (NASDAQ:APPN) last released its earnings results on Thursday, February 22nd. The company reported ($0.08) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.18) by $0.10. The company had revenue of $50.60 million during the quarter, compared to the consensus estimate of $41.78 million. Appian’s revenue for the quarter was up 50.1% compared to the same quarter last year. sell-side analysts anticipate that Appian Corp will post -0.74 EPS for the current fiscal year.
Institutional investors have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC boosted its holdings in Appian by 79.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 6,133 shares of the company’s stock worth $193,000 after acquiring an additional 2,715 shares in the last quarter. Citadel Advisors LLC bought a new stake in Appian in the fourth quarter worth $220,000. New York State Common Retirement Fund bought a new stake in Appian in the third quarter worth $205,000. Deutsche Bank AG boosted its holdings in Appian by 421.7% in the fourth quarter. Deutsche Bank AG now owns 7,945 shares of the company’s stock worth $250,000 after acquiring an additional 6,422 shares in the last quarter. Finally, Georgetown University bought a new stake in Appian in the fourth quarter worth $420,000. 15.68% of the stock is currently owned by institutional investors and hedge funds.
Several equities research analysts recently weighed in on APPN shares. BidaskClub upgraded Appian from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 6th. Zacks Investment Research upgraded Appian from a “sell” rating to a “hold” rating in a research report on Tuesday, January 2nd. Cowen restated a “hold” rating and set a $27.00 price target on shares of Appian in a research report on Friday, February 23rd. William Blair started coverage on Appian in a research report on Monday, November 27th. They set an “outperform” rating on the stock. Finally, Morgan Stanley lowered Appian from an “equal weight” rating to an “underweight” rating and set a $24.00 price target on the stock. in a research report on Thursday, January 11th. Four equities research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $24.29.
WARNING: This story was published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this story on another publication, it was stolen and republished in violation of US and international copyright & trademark legislation. The correct version of this story can be read at https://www.dispatchtribunal.com/2018/03/21/abdiel-capital-management-llc-acquires-70209-shares-of-appian-corp-appn-stock.html.
Appian 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.
Receive News & Ratings for Appian Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Appian and related companies with MarketBeat.com's FREE daily email newsletter.