News articles about Appian (NASDAQ:APPN) have trended somewhat negative recently, according to Accern Sentiment Analysis. The research firm identifies negative and positive press coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Appian earned a media sentiment score of -0.04 on Accern’s scale. Accern also assigned media coverage about the company an impact score of 44.6727183840474 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

A number of research analysts have recently weighed in on the company. SunTrust Banks downgraded Appian from a “buy” rating to a “hold” rating and set a $28.00 price target on the stock. in a research note on Monday, January 8th. Barclays downgraded Appian from an “equal weight” rating to an “underweight” rating and set a $26.00 price target on the stock. in a research note on Monday, January 8th. BidaskClub raised Appian from a “buy” rating to a “strong-buy” rating in a research note on Saturday, January 6th. Goldman Sachs Group downgraded Appian from a “neutral” rating to a “sell” rating and set a $17.00 price target on the stock. in a research note on Thursday, January 18th. Finally, William Blair downgraded Appian from an “outperform” rating to a “market perform” rating in a research note on Friday, January 19th. They noted that the move was a valuation call. Three research analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company’s stock. Appian currently has an average rating of “Hold” and a consensus target price of $23.57.

Shares of Appian (APPN) opened at $30.00 on Tuesday. Appian has a 12 month low of $14.60 and a 12 month high of $43.26.

In other Appian news, Director Michael J. Mulligan sold 20,000 shares of Appian stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $19.49, for a total value of $389,800.00. Following the sale, the director now owns 20,000 shares of the company’s stock, valued at approximately $389,800. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Abdiel Capital Management, Llc purchased 5,258 shares of the company’s stock in a transaction on Monday, December 4th. The stock was purchased at an average cost of $20.48 per share, for a total transaction of $107,683.84. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 962,543 shares of company stock worth $19,624,763 and have sold 1,097,222 shares worth $21,384,857.

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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.

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

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