Appian Corp (NASDAQ:APPN) major shareholder Abdiel Capital Management, Llc acquired 5,258 shares of the firm’s stock in a transaction on Monday, December 4th. The shares were purchased at an average cost of $20.48 per share, for a total transaction of $107,683.84. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Abdiel Capital Management, Llc also recently made the following trade(s):
- On Monday, October 23rd, Abdiel Capital Management, Llc acquired 23,443 shares of Appian stock. The shares were purchased at an average cost of $22.24 per share, for a total transaction of $521,372.32.
- On Monday, September 25th, Abdiel Capital Management, Llc acquired 28,600 shares of Appian stock. The shares were purchased at an average cost of $22.14 per share, for a total transaction of $633,204.00.
Shares of Appian Corp (NASDAQ APPN) opened at $21.14 on Wednesday. Appian Corp has a 52 week low of $14.60 and a 52 week high of $28.65.
Several analysts have weighed in on the stock. Zacks Investment Research cut shares of Appian from a “buy” rating to a “hold” rating in a research note on Tuesday, September 12th. William Blair initiated coverage on shares of Appian in a research note on Monday, November 27th. They set an “outperform” rating on the stock. Canaccord Genuity reissued a “hold” rating on shares of Appian in a research note on Monday, November 6th. SunTrust Banks initiated coverage on shares of Appian in a research note on Tuesday, November 21st. They set a “buy” rating and a $28.00 price target on the stock. Finally, Morgan Stanley increased their price target on shares of Appian from $18.00 to $19.00 and gave the company an “equal weight” rating in a research note on Friday, November 3rd. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $22.00.
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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.
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