Analysts at Pacific Crest assumed coverage on shares of Appian Corporation (NASDAQ:APPN) in a research note issued on Monday. The firm set a “sector weight” rating on the stock.

Several other equities analysts also recently commented on APPN. Canaccord Genuity assumed coverage on shares of Appian Corporation in a research note on Monday. They issued a “hold” rating and a $18.00 price target for the company. Barclays PLC assumed coverage on shares of Appian Corporation in a research note on Monday. They issued an “equal weight” rating and a $19.00 price target for the company. Cowen and Company assumed coverage on shares of Appian Corporation in a research note on Monday. They issued an “outperform” rating for the company. Goldman Sachs Group, Inc. (The) assumed coverage on shares of Appian Corporation in a research note on Monday. They issued a “neutral” rating and a $17.00 price target for the company. Finally, Morgan Stanley assumed coverage on shares of Appian Corporation in a research note on Monday. They issued an “equal weight” rating and a $18.00 price target for the company. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $18.00.

Analyst Recommendations for Appian Corporation (NASDAQ:APPN)

Appian Corporation (APPN) traded down 3.95% on Monday, hitting $17.50. The stock had a trading volume of 130,966 shares. The stock’s market cap is $599.80 million. The firm’s 50 day moving average price is $18.40 and its 200-day moving average price is $18.40. Appian Corporation has a 12 month low of $14.60 and a 12 month high of $20.72.

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In other Appian Corporation news, major shareholder Qualified Master Fund L. Abdiel purchased 227,529 shares of the company’s stock in a transaction on Monday, June 5th. The stock was acquired at an average price of $18.51 per share, for a total transaction of $4,211,561.79. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Qualified Master Fund L. Abdiel purchased 67,547 shares of the company’s stock in a transaction on Monday, June 12th. The stock was acquired at an average price of $18.48 per share, with a total value of $1,248,268.56. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 500,436 shares of company stock valued at $9,497,208.

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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