Abdiel Capital Management, Llc Purchases 22,500 Shares of Appian Co. (NASDAQ:APPN) Stock

Appian Co. (NASDAQ:APPNGet Rating) major shareholder Abdiel Capital Management, Llc acquired 22,500 shares of Appian stock in a transaction dated Thursday, April 7th. The shares were acquired at an average price of $55.97 per share, with a total value of $1,259,325.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

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

  • On Friday, March 18th, Abdiel Capital Management, Llc bought 1,000 shares of Appian stock. The stock was purchased at an average price of $59.00 per share, with a total value of $59,000.00.
  • On Wednesday, March 16th, Abdiel Capital Management, Llc bought 50,000 shares of Appian stock. The stock was purchased at an average price of $51.02 per share, with a total value of $2,551,000.00.
  • On Monday, March 14th, Abdiel Capital Management, Llc bought 55,000 shares of Appian stock. The stock was purchased at an average price of $48.42 per share, with a total value of $2,663,100.00.
  • On Friday, March 11th, Abdiel Capital Management, Llc bought 20,000 shares of Appian stock. The stock was purchased at an average price of $52.78 per share, with a total value of $1,055,600.00.
  • On Wednesday, March 9th, Abdiel Capital Management, Llc acquired 40,000 shares of Appian stock. The shares were bought at an average price of $55.70 per share, with a total value of $2,228,000.00.
  • On Monday, March 7th, Abdiel Capital Management, Llc acquired 40,000 shares of Appian stock. The shares were bought at an average price of $52.67 per share, with a total value of $2,106,800.00.
  • On Wednesday, February 23rd, Abdiel Capital Management, Llc acquired 90,000 shares of Appian stock. The shares were bought at an average price of $52.09 per share, with a total value of $4,688,100.00.
  • On Tuesday, February 1st, Abdiel Capital Management, Llc acquired 126,350 shares of Appian stock. The shares were bought at an average price of $58.34 per share, with a total value of $7,371,259.00.
  • On Monday, January 24th, Abdiel Capital Management, Llc acquired 26,500 shares of Appian stock. The shares were bought at an average price of $48.41 per share, with a total value of $1,282,865.00.

Shares of NASDAQ:APPN opened at $54.50 on Tuesday. The stock has a market capitalization of $3.88 billion, a PE ratio of -43.60 and a beta of 1.70. Appian Co. has a 1 year low of $46.85 and a 1 year high of $149.82. The firm has a fifty day moving average price of $57.20 and a 200 day moving average price of $70.08.

Appian (NASDAQ:APPNGet Rating) last issued its quarterly earnings data on Thursday, February 17th. The company reported ($0.25) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.29) by $0.04. The firm had revenue of $104.99 million during the quarter, compared to analysts’ expectations of $95.28 million. Appian had a negative net margin of 24.00% and a negative return on equity of 27.17%. During the same period in the prior year, the company posted ($0.09) earnings per share. On average, equities analysts anticipate that Appian Co. will post -1.05 earnings per share for the current year.

A number of large investors have recently modified their holdings of APPN. Rise Advisors LLC bought a new stake in Appian during the fourth quarter valued at about $28,000. Chilton Capital Management LLC bought a new stake in Appian during the fourth quarter valued at about $30,000. Parkside Financial Bank & Trust boosted its holdings in Appian by 150.0% during the fourth quarter. Parkside Financial Bank & Trust now owns 500 shares of the company’s stock valued at $33,000 after acquiring an additional 300 shares during the period. EverSource Wealth Advisors LLC bought a new stake in Appian during the fourth quarter valued at about $38,000. Finally, Lumature Wealth Partners LLC bought a new stake in Appian during the third quarter valued at about $56,000. Hedge funds and other institutional investors own 81.02% of the company’s stock.

Several analysts have issued reports on APPN shares. Barclays cut their target price on shares of Appian from $90.00 to $47.00 and set an “underweight” rating on the stock in a research note on Wednesday, January 12th. Zacks Investment Research raised shares of Appian from a “sell” rating to a “hold” rating in a research note on Thursday, February 24th. Truist Financial cut their target price on shares of Appian from $100.00 to $65.00 in a research note on Friday, February 18th. Finally, Morgan Stanley reaffirmed a “hold” rating and issued a $60.00 price target on shares of Appian in a research note on Friday, February 18th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Appian has an average rating of “Hold” and a consensus target price of $84.40.

About Appian (Get Rating)

Appian Corporation provides low-code automation platform in the United States and internationally. The company's platform automates the creation of forms, workflows, data structures, reports, user interfaces, and other software elements that are needed to be manually coded. The company also offers professional and customer support services.

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