Appian Corp (NASDAQ:APPN) major shareholder Abdiel Capital Management, Llc acquired 30,476 shares of the business’s stock in a transaction dated Thursday, December 7th. The stock was acquired at an average cost of $20.71 per share, for a total transaction of $631,157.96. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Abdiel Capital Management, Llc also recently made the following trade(s):

  • On Monday, December 4th, Abdiel Capital Management, Llc acquired 5,258 shares of Appian stock. The stock was acquired at an average cost of $20.48 per share, for a total transaction of $107,683.84.
  • On Monday, October 23rd, Abdiel Capital Management, Llc acquired 23,443 shares of Appian stock. The stock was acquired at an average cost of $22.24 per share, for a total transaction of $521,372.32.
  • On Monday, September 25th, Abdiel Capital Management, Llc acquired 28,600 shares of Appian stock. The stock was acquired at an average cost of $22.14 per share, for a total transaction of $633,204.00.

Appian Corp (NASDAQ APPN) traded up $0.05 during midday trading on Monday, reaching $20.11. 275,041 shares of the company’s stock traded hands, compared to its average volume of 260,059. Appian Corp has a 1 year low of $14.60 and a 1 year high of $28.65.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Abdiel Capital Advisors LP bought a new stake in Appian during the second quarter worth $56,982,000. JPMorgan Chase & Co. raised its position in Appian by 27.9% during the third quarter. JPMorgan Chase & Co. now owns 585,018 shares of the company’s stock worth $14,673,000 after acquiring an additional 127,545 shares in the last quarter. Lord Abbett & CO. LLC bought a new stake in Appian during the second quarter worth $8,134,000. Vanguard Group Inc. bought a new stake in Appian during the second quarter worth $7,105,000. Finally, Whale Rock Capital Management LLC bought a new stake in Appian during the second quarter worth $4,447,000. 11.61% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts have recently commented on the stock. William Blair assumed coverage on shares of Appian in a research report on Monday, November 27th. They issued an “outperform” rating on the stock. SunTrust Banks assumed coverage on shares of Appian in a research report on Tuesday, November 21st. They issued a “buy” rating and a $28.00 price objective on the stock. Zacks Investment Research raised shares of Appian from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a research report on Tuesday, November 7th. Canaccord Genuity reissued a “hold” rating on shares of Appian in a research report on Monday, November 6th. Finally, Morgan Stanley boosted their price objective on shares of Appian from $18.00 to $19.00 and gave the stock an “equal weight” rating in a research report on Friday, November 3rd. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $22.00.

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About Appian

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.

Insider Buying and Selling by Quarter for Appian (NASDAQ:APPN)

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