Appian Co. (NASDAQ:APPN) CFO Mark Matheos Sells 4,981 Shares

Appian Co. (NASDAQ:APPN – Get Rating) CFO Mark Matheos sold 4,981 shares of the stock in a transaction dated Tuesday, May 10th. The shares were sold at an average price of $57.13, for a total transaction of $284,564.53. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

NASDAQ:APPN opened at $50.11 on Thursday. The firm has a market capitalization of $3.62 billion, a price-to-earnings ratio of -36.31 and a beta of 1.76. The business has a fifty day moving average price of $55.10 and a 200-day moving average price of $63.99. Appian Co. has a one year low of $42.18 and a one year high of $149.82.

Appian (NASDAQ:APPN – Get Rating) last posted its quarterly earnings data on Thursday, May 5th. The company reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.13) by $0.07. The firm had revenue of $114.27 million for the quarter, compared to the consensus estimate of $107.19 million. Appian had a negative return on equity of 28.02% and a negative net margin of 24.88%. The business’s revenue for the quarter was up 28.6% compared to the same quarter last year. During the same quarter last year, the company earned ($0.17) earnings per share. Research analysts anticipate that Appian Co. will post -1.02 earnings per share for the current year.

Hedge funds have recently added to or reduced their stakes in the stock. Thrivent Financial for Lutherans increased its position in shares of Appian by 5.2% during the third quarter. Thrivent Financial for Lutherans now owns 3,013 shares of the company’s stock worth $279,000 after purchasing an additional 150 shares in the last quarter. Cetera Investment Advisers grew its holdings in shares of Appian by 7.4% during the third quarter. Cetera Investment Advisers now owns 2,218 shares of the company’s stock worth $205,000 after buying an additional 152 shares in the last quarter. Legal & General Group Plc raised its position in shares of Appian by 0.6% in the fourth quarter. Legal & General Group Plc now owns 33,299 shares of the company’s stock valued at $2,172,000 after buying an additional 191 shares during the last quarter. Eaton Vance Management lifted its stake in shares of Appian by 33.3% in the third quarter. Eaton Vance Management now owns 800 shares of the company’s stock worth $74,000 after buying an additional 200 shares in the last quarter. Finally, Flagship Harbor Advisors LLC lifted its stake in shares of Appian by 3.5% in the fourth quarter. Flagship Harbor Advisors LLC now owns 6,755 shares of the company’s stock worth $440,000 after buying an additional 229 shares in the last quarter. Institutional investors own 80.47% of the company’s stock.

A number of brokerages recently weighed in on APPN. Morgan Stanley restated a “hold” rating and issued a $60.00 price objective on shares of Appian in a report on Friday, February 18th. Barclays lowered their price objective on shares of Appian from $47.00 to $42.00 and set an “underweight” rating on the stock in a research report on Tuesday, April 19th. Zacks Investment Research raised shares of Appian from a “hold” rating to a “buy” rating and set a $48.00 target price for the company in a research report on Wednesday. The Goldman Sachs Group assumed coverage on Appian in a report on Wednesday, April 27th. They set a “buy” rating and a $70.00 price target on the stock. Finally, Truist Financial dropped their price target on Appian from $100.00 to $65.00 in a research note on Friday, February 18th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $76.43.

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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