7 hours Ago By Defense World Staff
Russell Investments Group Ltd. grew its position in Appian Co. ( NASDAQ:APPN – Free Report ) by 1,244.
8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,779 shares of the company’s stock after purchasing an additional 3,498 shares during the period. Russell Investments Group Ltd.
’s holdings in Appian were worth $125,000 at the end of the most recent reporting period. A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. KLP Kapitalforvaltning AS acquired a new stake in Appian during the 4th quarter worth $181,000.
Entropy Technologies LP acquired a new stake in shares of Appian during the fourth quarter worth about $208,000. Magnetar Financial LLC bought a new position in shares of Appian during the 4th quarter valued at about $249,000. Summit Global Investments bought a new stake in Appian during the 4th quarter worth approximately $256,000.
Finally, Oppenheimer & Co. Inc. raised its holdings in Appian by 5.
1% during the 4th quarter. Oppenheimer & Co. Inc.
now owns 8,200 shares of the company’s stock worth $270,000 after buying an additional 400 shares during the period. 52.70% of the stock is owned by institutional investors.
Analysts Set New Price Targets A number of equities research analysts recently commented on the stock. Morgan Stanley dropped their price objective on shares of Appian from $35.00 to $27.
00 and set an “equal weight” rating on the stock in a report on Wednesday, April 16th. DA Davidson cut their price target on Appian from $40.00 to $28.
00 and set a “neutral” rating on the stock in a report on Monday, April 14th. KeyCorp reiterated a “sector weight” rating on shares of Appian in a report on Tuesday, January 14th. Scotiabank reduced their price target on Appian from $37.
00 to $34.00 and set a “sector perform” rating for the company in a research report on Thursday. Finally, Barclays lowered their price objective on shares of Appian from $37.
00 to $28.00 and set an “underweight” rating on the stock in a report on Monday, April 21st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock.
According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $34.14.
Insider Buying and Selling at Appian In related news, major shareholder Abdiel Capital Advisors, Lp sold 5,103 shares of the company’s stock in a transaction dated Wednesday, April 16th. The shares were sold at an average price of $27.02, for a total value of $137,883.
06. Following the transaction, the insider now directly owns 9,755,116 shares in the company, valued at approximately $263,583,234.32.
This represents a 0.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link .
Also, Director Albert G.W. Biddle III sold 990 shares of the business’s stock in a transaction dated Monday, February 24th.
The shares were sold at an average price of $33.21, for a total transaction of $32,877.90.
Following the completion of the sale, the director now directly owns 29,348 shares of the company’s stock, valued at $974,647.08. This represents a 3.
26 % decrease in their position. The disclosure for this sale can be found here . Insiders have sold a total of 240,510 shares of company stock valued at $6,648,635 in the last three months.
44.00% of the stock is currently owned by company insiders. Appian Stock Up 2.
1 % NASDAQ:APPN opened at $31.32 on Friday. Appian Co.
has a 12-month low of $24.00 and a 12-month high of $43.33.
The firm has a market capitalization of $2.32 billion, a price-to-earnings ratio of -24.86 and a beta of 1.
78. The stock’s 50 day moving average price is $29.82 and its two-hundred day moving average price is $33.
34. Appian ( NASDAQ:APPN – Get Free Report ) last announced its quarterly earnings results on Wednesday, February 19th. The company reported ($0.
12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.11).
Appian had a negative net margin of 14.95% and a negative return on equity of 532.05%.
The business had revenue of $166.70 million for the quarter, compared to analyst estimates of $164.31 million.
During the same period in the prior year, the business earned $0.06 EPS. The company’s revenue for the quarter was up 14.
7% compared to the same quarter last year. Equities research analysts expect that Appian Co. will post -0.
28 EPS for the current year. About Appian ( Free Report ) Appian Corporation, a software company that provides low-code design platform in the United States, Mexico, Portugal, and internationally. The company's platform offers artificial intelligence, process automation, data fabric, and process mining.
It provides The Appian Platform, an integrated automation platform that enables organizations to design, automate, and optimize mission-critical business processes. Recommended Stories Five stocks we like better than Appian CD Calculator: Certificate of Deposit Calculator Short Sellers Gave Up on These 3 Names Recently How to Find Undervalued Stocks 3 Boring Stocks Outperforming the Market This Year 2 Fintech Stocks to Buy Now and 1 to Avoid If You Wanted To Buy AbbVie and Didn’t, There’s Still Time To Buy Receive News & Ratings for Appian Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Appian and related companies with MarketBeat.com's FREE daily email newsletter .
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