Media headlines about Appian (NASDAQ:APPN) have been trending somewhat positive recently, Accern reports. The research group identifies negative and positive news coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Appian earned a coverage optimism score of 0.10 on Accern’s scale. Accern also assigned headlines about the company an impact score of 44.9537178896501 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the news headlines that may have effected Accern Sentiment Analysis’s analysis:
- Short Interest in Appian Corp (APPN) Drops By 41.6% (americanbankingnews.com)
- Global Workflow Automation market 2017 key players IBM Corporation, Oracle Corporation, Pegasystems Inc, Bizagi, KVT-FASTENING GMBH (itbusinessnet.com)
- Appian Corp (APPN) Major Shareholder Acquires $1,612,334.40 in Stock (americanbankingnews.com)
- Appian Corp (APPN) Major Shareholder Buys $631,157.96 in Stock (americanbankingnews.com)
- Appian Corp (APPN) Major Shareholder Qualified Master Fund L. Abdiel Acquires 208,777 Shares (americanbankingnews.com)
APPN has been the subject of a number of recent analyst reports. Canaccord Genuity raised their price objective on shares of Appian from $19.00 to $22.00 and gave the stock a “hold” rating in a research note on Monday, October 30th. Zacks Investment Research lowered shares of Appian from a “buy” rating to a “hold” rating in a research note on Monday, September 4th. Cowen lowered shares of Appian from an “outperform” rating to a “market perform” rating and set a $23.00 price objective for the company. in a research note on Monday, October 2nd. KeyCorp reaffirmed a “hold” rating on shares of Appian in a research note on Monday, September 18th. Finally, Morgan Stanley raised their price objective on shares of Appian from $18.00 to $19.00 and gave the stock an “equal weight” rating in a research note on Friday, November 3rd. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $22.00.
In related news, major shareholder Qualified Master Fund L. Abdiel bought 28,800 shares of the firm’s stock in a transaction on Tuesday, September 26th. The stock was bought at an average price of $22.14 per share, with a total value of $637,632.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Robert Charles Kramer sold 82,402 shares of Appian stock in a transaction on Monday, November 20th. The shares were sold at an average price of $19.49, for a total transaction of $1,606,014.98. The disclosure for this sale can be found here. In the last three months, insiders have acquired 1,091,446 shares of company stock valued at $22,521,864 and have sold 1,097,222 shares valued at $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.
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