November 10, 2019 at 1:17 pm

Appian Corp (NASDAQ:APPN) Insider Sells $194,579.05 in Stock

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Appian Corp (NASDAQ:APPN) insider Robert Charles Kramer sold 4,645 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $41.89, for a total transaction of $194,579.05. Following the completion of the transaction, the insider now directly owns 10,000 shares in the company, valued at $418,900. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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Robert Charles Kramer also recently made the following trade(s):

  • On Tuesday, October 8th, Robert Charles Kramer sold 16,000 shares of Appian stock. The shares were sold at an average price of $47.52, for a total transaction of $760,320.00.
  • On Tuesday, September 10th, Robert Charles Kramer sold 50,363 shares of Appian stock. The shares were sold at an average price of $48.39, for a total transaction of $2,437,065.57.

NASDAQ:APPN opened at $41.95 on Friday. The firm’s 50-day simple moving average is $45.99 and its 200 day simple moving average is $42.37. Appian Corp has a 52 week low of $24.03 and a 52 week high of $62.94. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.06 and a current ratio of 2.06. The firm has a market cap of $2.76 billion, a price-to-earnings ratio of -52.44 and a beta of 0.99.

Appian (NASDAQ:APPN) last posted its earnings results on Thursday, October 31st. The company reported ($0.14) EPS for the quarter, topping the consensus estimate of ($0.15) by $0.01. Appian had a negative net margin of 20.80% and a negative return on equity of 61.04%. The business had revenue of $69.39 million for the quarter, compared to the consensus estimate of $65.26 million. During the same period last year, the company earned ($0.13) EPS. The firm’s revenue was up 26.3% compared to the same quarter last year. Sell-side analysts anticipate that Appian Corp will post -0.79 EPS for the current year.

A number of large investors have recently bought and sold shares of APPN. BNP Paribas Arbitrage SA boosted its position in Appian by 97.5% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 701 shares of the company’s stock worth $25,000 after buying an additional 346 shares during the period. Valeo Financial Advisors LLC boosted its position in Appian by 83.3% during the 2nd quarter. Valeo Financial Advisors LLC now owns 836 shares of the company’s stock worth $30,000 after buying an additional 380 shares during the period. Truvestments Capital LLC boosted its position in Appian by 39.6% during the 3rd quarter. Truvestments Capital LLC now owns 775 shares of the company’s stock worth $37,000 after buying an additional 220 shares during the period. Tower Research Capital LLC TRC boosted its position in Appian by 1,432.7% during the 3rd quarter. Tower Research Capital LLC TRC now owns 843 shares of the company’s stock worth $40,000 after buying an additional 788 shares during the period. Finally, Captrust Financial Advisors boosted its position in Appian by 750.0% during the 2nd quarter. Captrust Financial Advisors now owns 1,275 shares of the company’s stock worth $46,000 after buying an additional 1,125 shares during the period. Institutional investors and hedge funds own 35.96% of the company’s stock.

Several brokerages have recently weighed in on APPN. BidaskClub lowered shares of Appian from a “buy” rating to a “hold” rating in a research report on Thursday. Barclays set a $41.00 price target on shares of Appian and gave the stock a “hold” rating in a research report on Friday, August 9th. ValuEngine lowered shares of Appian from a “buy” rating to a “hold” rating in a research report on Friday, September 20th. SunTrust Banks raised their price target on shares of Appian from $32.00 to $46.00 and gave the stock a “hold” rating in a research report on Friday, August 9th. Finally, Zacks Investment Research lowered shares of Appian from a “buy” rating to a “hold” rating in a research report on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $38.16.

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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Insider Buying and Selling by Quarter for Appian (NASDAQ:APPN)

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