Headlines about Appian (NASDAQ:APPN) have trended somewhat negative on Tuesday, according to Accern. Accern identifies negative and positive news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Appian earned a media sentiment score of -0.04 on Accern’s scale. Accern also assigned news headlines about the company an impact score of 44.6727183840474 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Several equities research analysts recently weighed in on the stock. BidaskClub raised shares of Appian from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 6th. Zacks Investment Research raised shares of Appian from a “sell” rating to a “hold” rating in a research report on Tuesday, January 2nd. William Blair started coverage on shares of Appian in a report on Monday, November 27th. They issued an “outperform” rating on the stock. Morgan Stanley cut shares of Appian from an “equal weight” rating to an “underweight” rating and set a $24.00 target price on the stock. in a report on Thursday, January 11th. Finally, Canaccord Genuity restated a “hold” rating on shares of Appian in a report on Monday, November 6th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company’s stock. Appian currently has a consensus rating of “Hold” and a consensus target price of $23.57.
Shares of Appian (NASDAQ APPN) opened at $30.44 on Tuesday. Appian has a 52-week low of $14.60 and a 52-week high of $43.26.
In related news, major shareholder Abdiel Capital Management, Llc purchased 5,258 shares of Appian stock in a transaction on Monday, December 4th. The shares were bought at an average cost of $20.48 per share, for a total transaction of $107,683.84. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder M James Barrett sold 569,620 shares of the business’s stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $19.49, for a total transaction of $11,101,893.80. The disclosure for this sale can be found here. Insiders have bought a total of 512,543 shares of company stock worth $10,557,263 over the last 90 days.
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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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