Appian Corporation (APPN) Now Covered by Analysts at Barclays PLC
Stock analysts at Barclays PLC assumed coverage on shares of Appian Corporation (NASDAQ:APPN) in a research note issued on Monday. The brokerage set an “equal weight” rating and a $19.00 price target on the stock. Barclays PLC’s target price would indicate a potential upside of 4.28% from the stock’s previous close.
Separately, Goldman Sachs Group, Inc. (The) started coverage on Appian Corporation in a research report on Monday. They issued a “neutral” rating and a $17.00 target price for the company. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $18.00.
Appian Corporation (NASDAQ:APPN) traded down 1.81% during mid-day trading on Monday, reaching $17.89. 277,467 shares of the company’s stock traded hands. Appian Corporation has a 12 month low of $14.60 and a 12 month high of $20.72. The firm’s 50-day moving average price is $18.40 and its 200 day moving average price is $18.40. The stock’s market capitalization is $613.16 million.
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In related news, major shareholder Qualified Master Fund L. Abdiel acquired 205,360 shares of the business’s stock in a transaction on 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Qualified Master Fund L. Abdiel acquired 67,547 shares of the business’s stock in a transaction on Monday, June 12th. The shares were bought at an average cost of $18.48 per share, with a total value of $1,248,268.56. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 500,436 shares of company stock valued at $9,497,208.
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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