Appian Corp (NASDAQ:APPN) shares reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $29.91 and last traded at $27.93, with a volume of 549200 shares. The stock had previously closed at $26.88.

A number of equities analysts recently weighed in on APPN shares. KeyCorp reiterated a “hold” rating on shares of Appian in a research report on Monday, September 18th. Canaccord Genuity increased their price target on Appian from $19.00 to $22.00 and gave the company a “hold” rating in a research report on Monday, October 30th. Zacks Investment Research upgraded Appian from a “hold” rating to a “buy” rating and set a $30.00 price target for the company in a research report on Wednesday, September 13th. SunTrust Banks started coverage on Appian in a research report on Tuesday, November 21st. They issued a “buy” rating and a $28.00 price target for the company. Finally, William Blair started coverage on Appian in a research report on Monday, November 27th. They issued an “outperform” rating for the company. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $22.00.

In other Appian news, major shareholder M James Barrett sold 569,620 shares of Appian stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $19.49, for a total value of $11,101,893.80. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Matthew W. Calkins sold 250,000 shares of Appian stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $19.49, for a total value of $4,872,500.00. The disclosure for this sale can be found here. Over the last three months, insiders purchased 1,051,519 shares of company stock worth $21,602,934 and sold 1,097,222 shares worth $21,384,857.

Several large investors have recently made changes to their positions in the company. Abdiel Capital Advisors LP acquired a new stake in shares of Appian during the 2nd quarter worth approximately $56,982,000. JPMorgan Chase & Co. grew its holdings in shares of Appian by 27.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 585,018 shares of the company’s stock worth $14,673,000 after purchasing an additional 127,545 shares in the last quarter. Lord Abbett & CO. LLC acquired a new stake in Appian in the 2nd quarter valued at $8,134,000. Vanguard Group Inc. acquired a new stake in Appian in the 2nd quarter valued at $7,105,000. Finally, Whale Rock Capital Management LLC acquired a new stake in Appian in the 2nd quarter valued at $4,447,000. 11.61% of the stock is currently owned by institutional investors.

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Appian Company Profile

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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