Appian Corp (APPN) CFO Sells $84,180.00 in Stock

Appian Corp (NASDAQ:APPN) CFO Mark Steven Lynch sold 3,050 shares of Appian stock in a transaction that occurred on Tuesday, November 6th. The stock was sold at an average price of $27.60, for a total transaction of $84,180.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Mark Steven Lynch also recently made the following trade(s):

  • On Monday, October 1st, Mark Steven Lynch sold 15,000 shares of Appian stock. The stock was sold at an average price of $30.64, for a total transaction of $459,600.00.

Shares of Appian stock opened at $25.98 on Friday. Appian Corp has a 52-week low of $19.62 and a 52-week high of $43.61.

Appian (NASDAQ:APPN) last issued its quarterly earnings data on Thursday, November 1st. The company reported ($0.13) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.05. The firm had revenue of $54.95 million for the quarter, compared to the consensus estimate of $49.73 million. Appian had a negative net margin of 19.54% and a negative return on equity of 85.70%. The company’s quarterly revenue was up 23.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.08) EPS. On average, sell-side analysts forecast that Appian Corp will post -0.77 EPS for the current year.

A number of research analysts have recently issued reports on APPN shares. Barclays lifted their price objective on shares of Appian from $28.00 to $29.00 and gave the stock an “underweight” rating in a research report on Friday, September 7th. Canaccord Genuity lifted their price objective on shares of Appian from $28.00 to $30.00 and gave the stock a “hold” rating in a research report on Friday, August 3rd. Morgan Stanley lifted their price objective on shares of Appian from $26.00 to $28.00 and gave the stock an “underweight” rating in a research report on Friday, August 3rd. BidaskClub downgraded shares of Appian from a “buy” rating to a “hold” rating in a research report on Wednesday, October 3rd. Finally, Zacks Investment Research downgraded shares of Appian from a “buy” rating to a “hold” rating in a research report on Wednesday, October 3rd. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $27.67.

Large investors have recently added to or reduced their stakes in the business. Steward Partners Investment Advisory LLC purchased a new stake in Appian during the 3rd quarter worth approximately $166,000. California Public Employees Retirement System purchased a new stake in Appian during the 2nd quarter worth approximately $207,000. UBS Group AG grew its position in Appian by 240.8% during the 1st quarter. UBS Group AG now owns 6,717 shares of the company’s stock worth $169,000 after purchasing an additional 4,746 shares during the last quarter. Point72 Asset Management L.P. purchased a new stake in Appian during the 2nd quarter worth approximately $264,000. Finally, Tocqueville Asset Management L.P. purchased a new stake in Appian during the 2nd quarter worth approximately $273,000. 17.43% of the stock is currently owned by institutional investors.

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Appian Company Profile

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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