Edward L. Hughes Sells 20,000 Shares of Appian Corp (APPN) Stock

Appian Corp (NASDAQ:APPN) VP Edward L. Hughes sold 20,000 shares of the business’s stock in a transaction dated Monday, December 3rd. The shares were sold at an average price of $29.98, for a total value of $599,600.00. Following the completion of the transaction, the vice president now owns 134,364 shares in the company, valued at approximately $4,028,232.72. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Shares of APPN stock opened at $28.46 on Friday. Appian Corp has a 52-week low of $19.62 and a 52-week high of $43.61.

Appian (NASDAQ:APPN) last issued its quarterly earnings results on Thursday, November 1st. The company reported ($0.13) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.18) by $0.05. The firm had revenue of $54.95 million for the quarter, compared to analysts’ expectations of $49.73 million. Appian had a negative return on equity of 85.70% and a negative net margin of 19.54%. The firm’s revenue for the quarter was up 23.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.08) EPS. As a group, equities research analysts predict that Appian Corp will post -0.77 EPS for the current year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in Appian by 78.1% during the 3rd quarter. Vanguard Group Inc. now owns 1,930,924 shares of the company’s stock worth $63,914,000 after purchasing an additional 847,007 shares during the period. Morgan Stanley increased its position in Appian by 94.7% during the 3rd quarter. Morgan Stanley now owns 246,706 shares of the company’s stock worth $8,166,000 after purchasing an additional 120,026 shares during the period. Rehmann Capital Advisory Group increased its position in Appian by 3,209.9% during the 3rd quarter. Rehmann Capital Advisory Group now owns 12,743 shares of the company’s stock worth $385,000 after purchasing an additional 12,358 shares during the period. Jane Street Group LLC acquired a new position in Appian during the 3rd quarter worth approximately $301,000. Finally, LPL Financial LLC acquired a new position in Appian during the 3rd quarter worth approximately $336,000. Institutional investors own 22.20% of the company’s stock.

APPN has been the topic of several recent research reports. BidaskClub upgraded Appian from a “hold” rating to a “buy” rating in a research report on Tuesday, August 14th. Barclays upgraded Appian from an “underweight” rating to an “equal weight” rating and set a $29.00 price target on the stock in a research report on Monday, October 15th. Finally, Zacks Investment Research cut Appian from a “buy” rating to a “hold” rating in a research report on Wednesday, October 3rd. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $27.67.

WARNING: “Edward L. Hughes Sells 20,000 Shares of Appian Corp (APPN) Stock” was reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this article on another website, it was illegally stolen and reposted in violation of US and international trademark and copyright laws. The original version of this article can be viewed at https://www.dispatchtribunal.com/2018/12/08/edward-l-hughes-sells-20000-shares-of-appian-corp-appn-stock.html.

Appian Company Profile

Appian Corporation provides low-code software development platform that enables organizations to develop various applications in the United States and internationally. The company's platform automates the creation of forms, data flows, records, reports, and other software elements that are needed to be manually coded or configured.

Read More: Earnings Per Share

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

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.


Leave a Reply