Appian Corporation (NASDAQ:APPN) has received a consensus recommendation of “Hold” from the six analysts that are currently covering the stock, MarketBeat reports. Four analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $18.00.

A number of analysts recently commented on the stock. Cowen and Company assumed coverage on shares of Appian Corporation in a report on Monday. They set an “outperform” rating on the stock. Pacific Crest assumed coverage on shares of Appian Corporation in a report on Monday. They set a “sector weight” rating on the stock. Morgan Stanley assumed coverage on shares of Appian Corporation in a report on Monday. They set an “equal weight” rating and a $18.00 price objective on the stock. Canaccord Genuity assumed coverage on shares of Appian Corporation in a report on Monday. They set a “hold” rating and a $18.00 price objective on the stock. Finally, Goldman Sachs Group, Inc. (The) assumed coverage on shares of Appian Corporation in a report on Monday. They set a “neutral” rating and a $17.00 price objective on the stock.

In other Appian Corporation news, major shareholder Qualified Master Fund L. Abdiel bought 67,547 shares of the business’s stock in a transaction on Monday, June 12th. The stock was bought at an average price of $18.48 per share, for a total transaction of $1,248,268.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Qualified Master Fund L. Abdiel bought 205,360 shares of the business’s stock in a transaction on Thursday, June 8th. The shares were acquired at an average price of $19.66 per share, with a total value of $4,037,377.60. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 500,436 shares of company stock valued at $9,497,208.

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Appian Corporation (NASDAQ APPN) traded down 2.58% on Monday, hitting $17.75. 268,748 shares of the company traded hands. Appian Corporation has a 12 month low of $14.60 and a 12 month high of $20.72. The stock’s market cap is $608.36 million. The stock’s 50-day moving average is $18.40 and its 200 day moving average is $18.40.

About Appian Corporation

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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