Appian Co. (NASDAQ:APPN) Director Michael G. Devine purchased 400 shares of the firm’s stock in a transaction on Monday, November 22nd. The shares were acquired at an average cost of $76.08 per share, with a total value of $30,432.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
NASDAQ APPN opened at $75.95 on Thursday. The business’s 50 day moving average is $93.38 and its two-hundred day moving average is $104.07. The stock has a market capitalization of $5.41 billion, a price-to-earnings ratio of -77.50 and a beta of 1.73. Appian Co. has a 12-month low of $69.79 and a 12-month high of $260.00.
Appian (NASDAQ:APPN) last posted its earnings results on Thursday, November 4th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.03). Appian had a negative net margin of 20.00% and a negative return on equity of 21.63%. The company had revenue of $92.42 million during the quarter, compared to analysts’ expectations of $91.06 million. During the same period in the previous year, the company posted ($0.05) EPS. Appian’s quarterly revenue was up 19.6% compared to the same quarter last year. As a group, research analysts predict that Appian Co. will post -1.03 earnings per share for the current year.
A number of hedge funds have recently bought and sold shares of the stock. Nisa Investment Advisors LLC lifted its stake in Appian by 7.4% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,450 shares of the company’s stock valued at $200,000 after buying an additional 100 shares in the last quarter. Huntington National Bank raised its holdings in Appian by 52.9% in the 2nd quarter. Huntington National Bank now owns 321 shares of the company’s stock valued at $44,000 after acquiring an additional 111 shares during the last quarter. Rockbridge Investment Management LCC raised its holdings in Appian by 52.2% in the 2nd quarter. Rockbridge Investment Management LCC now owns 353 shares of the company’s stock valued at $49,000 after acquiring an additional 121 shares during the last quarter. LexAurum Advisors LLC raised its holdings in Appian by 9.1% in the 2nd quarter. LexAurum Advisors LLC now owns 1,638 shares of the company’s stock valued at $226,000 after acquiring an additional 137 shares during the last quarter. Finally, Signaturefd LLC raised its holdings in Appian by 23.7% in the 3rd quarter. Signaturefd LLC now owns 715 shares of the company’s stock valued at $66,000 after acquiring an additional 137 shares during the last quarter. 38.33% of the stock is currently owned by hedge funds and other institutional investors.
Appian Corp. provides business process management (BPM) solutions. Its BPM tools automate and measures business processes. The firm’s products include BPM software, case management, mobile application development, and platform-as-a-service. The company was founded by Matt Calkins, Robert C. Kramer, Marc Wilson, and Michael Beckley in 1999 and is headquartered in Reston, VA.
Recommended Story: Technical Analysis of Stocks and What It Means
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.