Appian Corporation Expected to Post Q2 2018 Earnings of ($0.14) Per Share (NASDAQ:APPN)
Appian Corporation (NASDAQ:APPN) – Equities researchers at KeyCorp issued their Q2 2018 earnings per share (EPS) estimates for shares of Appian Corporation in a research report issued on Thursday. KeyCorp analyst B. Mcfadden expects that the company will post earnings of ($0.14) per share for the quarter.
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APPN has been the topic of a number of other research reports. Barclays PLC upped their target price on shares of Appian Corporation from $19.00 to $20.00 and gave the company an “equal weight” rating in a research note on Friday. Pacific Crest assumed coverage on shares of Appian Corporation in a research note on Monday, June 19th. They issued a “sector weight” rating on the stock. Cowen and Company assumed coverage on shares of Appian Corporation in a research note on Monday, June 19th. They issued an “outperform” rating on the stock. Morgan Stanley assumed coverage on shares of Appian Corporation in a research note on Monday, June 19th. They issued an “equal weight” rating and a $18.00 target price on the stock. Finally, Canaccord Genuity upped their target price on shares of Appian Corporation from $18.00 to $19.00 and gave the company a “hold” rating in a research note on Friday. Four investment 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 an average rating of “Hold” and an average target price of $18.50.
Appian Corporation (APPN) opened at 19.71 on Monday. The stock’s market cap is $675.54 million. The firm’s 50 day moving average price is $18.61 and its 200 day moving average price is $18.56. Appian Corporation has a one year low of $14.60 and a one year high of $21.49.
In other Appian Corporation news, major shareholder Qualified Master Fund L. Abdiel acquired 67,547 shares of the company’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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Qualified Master Fund L. Abdiel acquired 227,529 shares of the company’s stock in a transaction that occurred on Monday, June 5th. The shares were acquired at an average price of $18.51 per share, for a total transaction of $4,211,561.79. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 2,281,562 shares of company stock worth $42,231,262.
A number of large investors have recently added to or reduced their stakes in the company. LMR Partners LLP acquired a new stake in Appian Corporation during the second quarter valued at $201,000. Spark Investment Management LLC acquired a new stake in Appian Corporation during the second quarter valued at $2,355,000. Finally, Gilder Gagnon Howe & Co. LLC acquired a new stake in Appian Corporation during the second quarter valued at $5,282,000. Hedge funds and other institutional investors own 6.74% of the company’s stock.
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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