Analysts at Cowen and Company initiated coverage on shares of Appian Corporation (NASDAQ:APPN) in a note issued to investors on Monday, The Fly reports. The firm set an “outperform” rating on the stock.

Several other equities research analysts also recently commented on APPN. Goldman Sachs Group, Inc. (The) initiated coverage on shares of Appian Corporation in a research report on Monday. They set a “neutral” rating for the company. Barclays PLC initiated coverage on shares of Appian Corporation in a research report on Monday. They set an “equal weight” rating for the company. Finally, Canaccord Genuity initiated coverage on shares of Appian Corporation in a research report on Monday. They set a “hold” rating for the company.

Appian Corporation (APPN) opened at 18.22 on Monday. The firm’s market capitalization is $624.47 million. Appian Corporation has a 1-year low of $14.60 and a 1-year high of $20.72. The stock’s 50 day moving average is $18.40 and its 200-day moving average is $18.40.

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

The Fly

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