Equities researchers at Cowen and Company began coverage on shares of Appian Corporation (NASDAQ:APPN) in a report issued on Monday, Marketbeat reports. The firm set an “outperform” rating on the stock.

APPN has been the subject of several other research reports. Canaccord Genuity started coverage on Appian Corporation in a research report on Monday. They issued a “hold” rating and a $18.00 price target for the company. Barclays PLC started coverage on Appian Corporation in a report on Monday. They issued an “equal weight” rating and a $19.00 price objective for the company. Finally, Goldman Sachs Group, Inc. (The) started coverage on Appian Corporation in a report on Monday. They issued a “neutral” rating and a $17.00 price objective for the company. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $18.00.

Analyst Recommendations for Appian Corporation (NASDAQ:APPN)

Appian Corporation (NASDAQ:APPN) traded down 1.37% during mid-day trading on Monday, hitting $17.97. 357,965 shares of the stock traded hands. Appian Corporation has a 52-week low of $14.60 and a 52-week high of $20.72. The firm’s 50-day moving average is $18.40 and its 200 day moving average is $18.40. The firm’s market cap is $615.90 million.

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In other Appian Corporation news, major shareholder Qualified Master Fund L. Abdiel acquired 227,529 shares of Appian Corporation stock in a transaction that occurred on Monday, June 5th. The stock was bought at an average cost of $18.51 per share, for a total transaction of $4,211,561.79. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, major shareholder Qualified Master Fund L. Abdiel acquired 67,547 shares of Appian Corporation stock in a transaction that occurred 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. Insiders purchased a total of 500,436 shares of company stock valued at $9,497,208 over the last quarter.

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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