Appian Co. (NASDAQ:APPN) Director Albert G.W. Biddle III Sells 990 Shares of Stock

Appian Co. (NASDAQ:APPN) Director Albert G.W. Biddle III sold 990 shares of the stock in a transaction on Monday, February 24th. The shares were sold at an average price of $33.21, for a total value of $32,877.90. Following the completion of the sale, the director now owns 29,348 shares of the company’s stock, valued at $974,647.08. The trade was a 3.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Appian Trading Down 0.3 %

Shares of APPN opened at $33.23 on Tuesday. The stock has a market capitalization of $2.84 billion, a P/E ratio of -26.37 and a beta of 1.64. The firm’s fifty day simple moving average is $34.05 and its two-hundred day simple moving average is $34.22. Appian Co. has a 12 month low of $26.28 and a 12 month high of $43.33.

Appian (NASDAQ:APPN) last issued its quarterly earnings results on Wednesday, February 19th. The company reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.11). The firm had revenue of $166.70 million for the quarter, compared to the consensus estimate of $164.31 million. Appian had a negative net margin of 14.95% and a negative return on equity of 532.05%. The business’s revenue was up 14.7% compared to the same quarter last year. During the same period last year, the company posted $0.06 EPS. As a group, research analysts predict that Appian Co. will post -0.31 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. Barclays increased their price objective on Appian from $34.00 to $37.00 and gave the company an “underweight” rating in a report on Friday, December 6th. Scotiabank initiated coverage on Appian in a report on Monday, January 6th. They issued a “sector perform” rating and a $37.00 price objective for the company. Finally, KeyCorp reaffirmed a “sector weight” rating on shares of Appian in a research report on Tuesday, January 14th. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $40.17.

Hedge Funds Weigh In On Appian

A number of institutional investors and hedge funds have recently made changes to their positions in APPN. Creative Planning boosted its position in shares of Appian by 22.3% during the 3rd quarter. Creative Planning now owns 8,197 shares of the company’s stock worth $280,000 after purchasing an additional 1,493 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new position in shares of Appian during the 3rd quarter worth about $29,000. Chicago Partners Investment Group LLC boosted its position in shares of Appian by 9.7% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 26,314 shares of the company’s stock worth $898,000 after purchasing an additional 2,337 shares in the last quarter. GSA Capital Partners LLP boosted its position in shares of Appian by 354.7% during the 3rd quarter. GSA Capital Partners LLP now owns 57,630 shares of the company’s stock worth $1,967,000 after purchasing an additional 44,957 shares in the last quarter. Finally, Oppenheimer & Co. Inc. bought a new position in shares of Appian during the 3rd quarter worth about $266,000. Institutional investors own 52.70% of the company’s stock.

Appian Company Profile

Appian Corporation, a software company that provides low-code design platform in the United States, Mexico, Portugal, and internationally. The company's platform offers artificial intelligence, process automation, data fabric, and process mining. It provides The Appian Platform, an integrated automation platform that enables organizations to design, automate, and optimize mission-critical business processes.