Appian Corp (NASDAQ:APPN) Insider Robert Charles Kramer Sells 4,645 Shares

Appian Corp (NASDAQ:APPN) insider Robert Charles Kramer sold 4,645 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $41.89, for a total transaction of $194,579.05. Following the transaction, the insider now directly owns 10,000 shares of the company’s stock, valued at $418,900. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Robert Charles Kramer also recently made the following trade(s):

  • On Tuesday, October 8th, Robert Charles Kramer sold 16,000 shares of Appian stock. The stock was sold at an average price of $47.52, for a total transaction of $760,320.00.
  • On Tuesday, September 10th, Robert Charles Kramer sold 50,363 shares of Appian stock. The stock was sold at an average price of $48.39, for a total transaction of $2,437,065.57.

Shares of NASDAQ:APPN traded up $0.88 during midday trading on Friday, hitting $41.95. The stock had a trading volume of 452,800 shares, compared to its average volume of 608,673. Appian Corp has a 12 month low of $24.03 and a 12 month high of $62.94. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 0.02. The business’s 50-day simple moving average is $46.11 and its 200-day simple moving average is $42.32. The company has a market cap of $2.76 billion, a P/E ratio of -52.44 and a beta of 0.99.

Appian (NASDAQ:APPN) last released its earnings results on Thursday, October 31st. The company reported ($0.14) earnings per share for the quarter, beating the consensus estimate of ($0.15) by $0.01. Appian had a negative net margin of 20.80% and a negative return on equity of 61.04%. The business had revenue of $69.39 million during the quarter, compared to analysts’ expectations of $65.26 million. During the same period last year, the business earned ($0.13) earnings per share. The firm’s revenue was up 26.3% on a year-over-year basis. As a group, equities analysts predict that Appian Corp will post -0.79 earnings per share for the current year.

Several large investors have recently added to or reduced their stakes in the stock. Truvestments Capital LLC grew its stake in shares of Appian by 39.6% in the third quarter. Truvestments Capital LLC now owns 775 shares of the company’s stock valued at $37,000 after buying an additional 220 shares in the last quarter. BNP Paribas Arbitrage SA grew its stake in shares of Appian by 97.5% in the second quarter. BNP Paribas Arbitrage SA now owns 701 shares of the company’s stock valued at $25,000 after buying an additional 346 shares in the last quarter. Valeo Financial Advisors LLC grew its stake in shares of Appian by 83.3% in the second quarter. Valeo Financial Advisors LLC now owns 836 shares of the company’s stock valued at $30,000 after buying an additional 380 shares in the last quarter. Rhumbline Advisers grew its stake in shares of Appian by 1.0% in the third quarter. Rhumbline Advisers now owns 38,507 shares of the company’s stock valued at $1,829,000 after buying an additional 381 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its stake in shares of Appian by 1,432.7% in the third quarter. Tower Research Capital LLC TRC now owns 843 shares of the company’s stock valued at $40,000 after buying an additional 788 shares in the last quarter. 35.96% of the stock is owned by institutional investors and hedge funds.

Several equities analysts have recently weighed in on the stock. Barclays set a $41.00 price target on shares of Appian and gave the stock a “hold” rating in a research note on Friday, August 9th. ValuEngine cut shares of Appian from a “buy” rating to a “hold” rating in a research note on Friday, September 20th. BidaskClub cut shares of Appian from a “buy” rating to a “hold” rating in a research note on Thursday. Zacks Investment Research cut shares of Appian from a “buy” rating to a “hold” rating in a research note on Wednesday, October 30th. Finally, SunTrust Banks raised their target price on shares of Appian from $32.00 to $46.00 and gave the company a “hold” rating in a research note on Friday, August 9th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $38.16.

About Appian

Appian Corporation provides low-code software development platform that enables organizations to develop various applications in the United States and internationally. The company's platform automates the creation of forms, data flows, records, reports, and other software elements that are needed to be manually coded or configured.

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