Equities research analysts at Goldman Sachs Group, Inc. (The) started coverage on shares of Appian Corporation (NASDAQ:APPN) in a report issued on Monday, MarketBeat.com reports. The firm set a “neutral” rating and a $17.00 price target on the stock. Goldman Sachs Group, Inc. (The)’s price objective would suggest a potential downside of 6.70% from the stock’s previous close.

Analyst Recommendations for Appian Corporation (NASDAQ:APPN)

Shares of Appian Corporation (NASDAQ:APPN) traded down 1.81% during mid-day trading on Monday, reaching $17.89. The company had a trading volume of 277,467 shares. Appian Corporation has a 52-week low of $14.60 and a 52-week high of $20.72. The company’s market cap is $613.16 million. The firm’s 50-day moving average price is $18.40 and its 200 day moving average price is $18.40.

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In related news, major shareholder Qualified Master Fund L. Abdiel purchased 67,547 shares of the firm’s stock in a transaction dated Monday, June 12th. The stock was bought at an average price of $18.48 per share, with a total value of $1,248,268.56. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Qualified Master Fund L. Abdiel purchased 205,360 shares of the firm’s stock in a transaction dated Thursday, June 8th. The stock was bought at an average cost of $19.66 per share, with a total value of $4,037,377.60. The disclosure for this purchase can be found here. Insiders acquired 500,436 shares of company stock valued at $9,497,208 over the last quarter.

Appian Corporation Company Profile

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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