Albert G.W. Biddle III Sells 990 Shares of Appian Co. (NASDAQ:APPN) Stock

Appian Co. (NASDAQ:APPN) Director Albert G.W. Biddle III sold 990 shares of the firm’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 transaction, the director now directly owns 29,348 shares in the company, valued at approximately $974,647.08. The trade was a 3.26 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Appian Stock Performance

NASDAQ:APPN opened at $33.23 on Tuesday. The firm has a market cap of $2.84 billion, a price-to-earnings ratio of -26.37 and a beta of 1.64. Appian Co. has a 52 week low of $26.28 and a 52 week high of $43.33. The firm has a 50-day moving average price of $34.05 and a two-hundred day moving average price of $34.22.

Appian (NASDAQ:APPN) last posted its quarterly earnings data on Wednesday, February 19th. The company reported ($0.12) 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 firm had revenue of $166.70 million during the quarter, compared to analysts’ expectations of $164.31 million. During the same quarter last year, the business posted $0.06 EPS. The company’s quarterly revenue was up 14.7% on a year-over-year basis. As a group, sell-side analysts forecast that Appian Co. will post -0.31 earnings per share for the current year.

Institutional Investors Weigh In On Appian

Several large investors have recently modified their holdings of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Appian by 9.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 87,836 shares of the company’s stock worth $2,897,000 after purchasing an additional 7,594 shares during the last quarter. Voloridge Investment Management LLC increased its stake in shares of Appian by 222.6% during the 4th quarter. Voloridge Investment Management LLC now owns 182,965 shares of the company’s stock worth $6,034,000 after purchasing an additional 126,256 shares during the last quarter. Squarepoint Ops LLC increased its stake in shares of Appian by 60.5% during the 4th quarter. Squarepoint Ops LLC now owns 25,546 shares of the company’s stock worth $843,000 after purchasing an additional 9,630 shares during the last quarter. Twinbeech Capital LP purchased a new stake in shares of Appian during the 4th quarter worth approximately $2,403,000. Finally, Sherbrooke Park Advisers LLC purchased a new stake in shares of Appian during the 4th quarter worth approximately $320,000. Hedge funds and other institutional investors own 52.70% of the company’s stock.

Analyst Upgrades and Downgrades

APPN has been the topic of several recent research reports. Barclays raised their price target on shares of Appian from $34.00 to $37.00 and gave the company an “underweight” rating in a research report on Friday, December 6th. KeyCorp reaffirmed a “sector weight” rating on shares of Appian in a research report on Tuesday, January 14th. Finally, Scotiabank started coverage on shares of Appian in a research note on Monday, January 6th. They issued a “sector perform” rating and a $37.00 price objective for the company. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, Appian currently has a consensus rating of “Hold” and a consensus price target of $40.17.

About Appian

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.