Appian Corporation (APPN) Coverage Initiated by Analysts at Goldman Sachs Group, Inc. (The)
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.
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.
TRADEMARK VIOLATION NOTICE: This report was originally published by American Banking News and is the sole property of of American Banking News. If you are accessing this report on another publication, it was stolen and republished in violation of United States & international copyright & trademark laws. The original version of this report can be viewed at https://www.americanbankingnews.com/2017/06/19/appian-corporation-appn-coverage-initiated-by-analysts-at-goldman-sachs-group-inc-the.html.
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.
Receive News & Ratings for Appian Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Appian Corporation and related companies with MarketBeat.com's FREE daily email newsletter.