Appian (NASDAQ:APPN) major shareholder Qualified Master Fund L. Abdiel bought 12,584 shares of Appian stock in a transaction on Tuesday, April 17th. The stock was acquired at an average price of $26.20 per share, with a total value of $329,700.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.
Appian stock traded up $0.26 during trading hours on Thursday, reaching $26.23. 44,945 shares of the company’s stock traded hands, compared to its average volume of 454,944. Appian has a fifty-two week low of $14.60 and a fifty-two week high of $43.26. The company has a market cap of $1,602.32 and a PE ratio of -42.57.
Appian (NASDAQ:APPN) last released its earnings results on Thursday, February 22nd. The company reported ($0.08) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.10. The business had revenue of $50.60 million for the quarter, compared to analyst estimates of $41.78 million. The business’s revenue was up 50.1% on a year-over-year basis. research analysts expect that Appian will post -0.74 earnings per share for the current fiscal year.
Hedge funds have recently made changes to their positions in the company. Tower Research Capital LLC TRC increased its stake in shares of Appian by 79.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 6,133 shares of the company’s stock valued at $193,000 after acquiring an additional 2,715 shares during the last quarter. Citadel Advisors LLC bought a new stake in shares of Appian in the 4th quarter valued at about $220,000. New York State Common Retirement Fund bought a new stake in shares of Appian in the 3rd quarter valued at about $205,000. Deutsche Bank AG increased its stake in shares of Appian by 421.7% in the 4th quarter. Deutsche Bank AG now owns 7,945 shares of the company’s stock valued at $250,000 after acquiring an additional 6,422 shares during the last quarter. Finally, Georgetown University bought a new stake in shares of Appian in the 4th quarter valued at about $420,000. 15.68% of the stock is owned by institutional investors.
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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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