Appian (APPN) Scheduled to Post Earnings on Thursday

Appian (NASDAQ:APPN) is set to post its quarterly earnings results after the market closes on Thursday, February 22nd. Analysts expect Appian to post earnings of ($0.18) per share for the quarter.

Shares of Appian (NASDAQ APPN) opened at $29.99 on Thursday. Appian has a 52-week low of $14.60 and a 52-week high of $43.26.

APPN has been the topic of a number of research analyst reports. Canaccord Genuity reissued a “hold” rating on shares of Appian in a research note on Monday, November 6th. William Blair lowered Appian from an “outperform” rating to a “market perform” rating in a research note on Friday, January 19th. They noted that the move was a valuation call. SunTrust Banks initiated coverage on Appian in a research note on Tuesday, November 21st. They issued a “buy” rating and a $28.00 price target on the stock. BidaskClub lowered Appian from a “strong-buy” rating to a “buy” rating in a research note on Thursday, January 25th. Finally, Morgan Stanley raised their price target on Appian from $18.00 to $19.00 and gave the stock an “equal weight” rating in a research note on Friday, November 3rd. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $23.57.

In other news, major shareholder Abdiel Capital Management, Llc acquired 5,258 shares of Appian stock in a transaction dated Monday, December 4th. The shares were acquired at an average cost of $20.48 per share, with a total value of $107,683.84. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Qualified Master Fund L. Abdiel acquired 17,473 shares of Appian stock in a transaction dated Friday, December 15th. The stock was purchased at an average cost of $20.14 per share, for a total transaction of $351,906.22. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 962,543 shares of company stock worth $19,624,763 and sold 1,097,222 shares worth $21,384,857.

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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.

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