Eagle Asset Management Inc. Invests $2.72 Million in Appian Corporation (APPN)

Eagle Asset Management Inc. purchased a new stake in shares of Appian Corporation (NASDAQ:APPN) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 150,000 shares of the company’s stock, valued at approximately $2,716,000. Eagle Asset Management Inc. owned about 0.44% of Appian Corporation at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in APPN. Gilder Gagnon Howe & Co. LLC acquired a new stake in shares of Appian Corporation during the 2nd quarter valued at about $5,282,000. Spark Investment Management LLC acquired a new stake in shares of Appian Corporation during the 2nd quarter valued at about $2,355,000. Neuberger Berman Group LLC acquired a new stake in shares of Appian Corporation during the 2nd quarter valued at about $292,000. Finally, LMR Partners LLP acquired a new stake in shares of Appian Corporation during the 2nd quarter valued at about $201,000. Institutional investors and hedge funds own 97.08% of the company’s stock.

Several equities research analysts have recently issued reports on the company. Barclays PLC reiterated an “equal weight” rating and set a $20.00 price target (up from $19.00) on shares of Appian Corporation in a report on Friday, August 4th. Pacific Crest assumed coverage on Appian Corporation in a report on Monday, June 19th. They set a “sector weight” rating for the company. Cowen and Company assumed coverage on Appian Corporation in a report on Monday, June 19th. They set an “outperform” rating for the company. Morgan Stanley assumed coverage on Appian Corporation in a report on Monday, June 19th. They set an “equal weight” rating and a $18.00 price target for the company. Finally, Canaccord Genuity lifted their price target on Appian Corporation from $18.00 to $19.00 and gave the company a “hold” rating in a report on Friday, August 4th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $19.80.

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Appian Corporation (NASDAQ:APPN) opened at 26.15 on Friday. The company’s market capitalization is $1.57 billion. Appian Corporation has a 52 week low of $10.04 and a 52 week high of $26.99. The company has a 50 day moving average price of $21.39 and a 200-day moving average price of $19.75.

In other Appian Corporation news, major shareholder Qualified Master Fund L. Abdiel acquired 67,547 shares of the business’s stock in a transaction dated Monday, June 12th. The stock was bought at an average cost of $18.48 per share, with a total value of $1,248,268.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Qualified Master Fund L. Abdiel acquired 127,217 shares of the business’s stock in a transaction dated Thursday, July 6th. The stock was acquired at an average cost of $17.57 per share, with a total value of $2,235,202.69. The disclosure for this purchase can be found here. Insiders have purchased 1,848,673 shares of company stock valued at $33,982,323 over the last three months.

Appian Corporation 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.

Institutional Ownership by Quarter for Appian Corporation (NASDAQ:APPN)

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