Appian (NASDAQ:APPN) Given “Sector Weight” Rating at KeyCorp

Appian (NASDAQ:APPN)‘s stock had its “sector weight” rating reaffirmed by equities research analysts at KeyCorp in a report released on Tuesday,Benzinga reports.

A number of other equities analysts also recently weighed in on APPN. Barclays upped their price target on Appian from $34.00 to $37.00 and gave the stock an “underweight” rating in a research report on Friday, December 6th. DA Davidson reiterated a “neutral” rating and set a $33.00 price objective on shares of Appian in a research note on Monday, October 14th. Finally, Scotiabank initiated coverage on Appian in a research note on Monday, January 6th. They set a “sector perform” rating and a $37.00 price objective on the stock. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, Appian has a consensus rating of “Hold” and a consensus target price of $40.17.

Appian Stock Down 1.6 %

NASDAQ:APPN opened at $33.14 on Tuesday. Appian has a twelve month low of $26.28 and a twelve month high of $43.33. The business has a 50 day moving average price of $36.88 and a two-hundred day moving average price of $34.03. The company has a market cap of $2.83 billion, a P/E ratio of -27.16 and a beta of 1.61.

Insider Activity at Appian

In related news, Director William D. Mccarthy sold 700 shares of the stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $38.78, for a total value of $27,146.00. Following the sale, the director now owns 7,966 shares in the company, valued at approximately $308,921.48. This represents a 8.08 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 44.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Appian by 0.6% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 80,242 shares of the company’s stock worth $2,739,000 after buying an additional 491 shares during the period. The Manufacturers Life Insurance Company increased its position in Appian by 3.3% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 21,688 shares of the company’s stock worth $740,000 after buying an additional 686 shares during the period. Allspring Global Investments Holdings LLC bought a new position in Appian during the 3rd quarter worth $29,000. Point72 Asia Singapore Pte. Ltd. increased its position in Appian by 35.8% during the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,126 shares of the company’s stock worth $127,000 after buying an additional 1,088 shares during the period. Finally, Rhumbline Advisers increased its position in Appian by 2.4% during the 2nd quarter. Rhumbline Advisers now owns 59,779 shares of the company’s stock worth $1,845,000 after buying an additional 1,386 shares during the period. Institutional investors own 52.70% of the company’s stock.

Appian Company Profile

Appian Corporation, a software company that provides low-code design platform in the United States, Mexico, Portugal, and internationally. The company's platform offers artificial intelligence, process automation, data fabric, and process mining. It provides The Appian Platform, an integrated automation platform that enables organizations to design, automate, and optimize mission-critical business processes.