Somewhat Negative News Coverage Somewhat Unlikely to Impact Appian (APPN) Share Price

Press coverage about Appian (NASDAQ:APPN) has been trending somewhat negative this week, according to Accern Sentiment Analysis. The research firm scores the sentiment of media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Appian earned a news sentiment score of -0.01 on Accern’s scale. Accern also gave media headlines about the company an impact score of 44.2282596406101 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

Here are some of the media headlines that may have impacted Accern Sentiment Analysis’s rankings:

Several research firms have issued reports on APPN. Zacks Investment Research raised shares of Appian from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a report on Tuesday, November 7th. William Blair began coverage on shares of Appian in a research note on Monday, November 27th. They issued an “outperform” rating on the stock. Goldman Sachs Group downgraded shares of 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. Barclays downgraded shares of 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. Finally, SunTrust Banks cut shares of Appian from a “buy” rating to a “hold” rating and set a $28.00 price objective for the company. in a research report on Monday, January 8th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $23.57.

Shares of Appian (NASDAQ APPN) traded up $0.16 during mid-day trading on Thursday, hitting $27.88. 62,353 shares of the company were exchanged, compared to its average volume of 659,316. Appian has a 52-week low of $14.60 and a 52-week high of $43.26.

In related news, CEO Matthew W. Calkins sold 250,000 shares of Appian stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $19.49, for a total value of $4,872,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 transaction of $11,101,893.80. The disclosure for this sale can be found here. In the last 90 days, insiders purchased 962,543 shares of company stock valued at $19,624,763 and sold 1,097,222 shares valued at $21,384,857.

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About Appian

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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