BidaskClub upgraded shares of Appian (NASDAQ:APPN) from a purchase ranking to a strong-buy ranking in a report launched on Friday, June 21st, BidAskClub experiences.
A number of different brokerages have additionally weighed in on APPN. Canaccord Genuity set a $42.00 worth goal on Zillow Group and gave the inventory a purchase ranking in a analysis report on Friday, February 22nd. William Blair reiterated an outperform ranking on shares of NuCana in a analysis report on Thursday, Could 16th. Barclays restated a purchase ranking on shares of NXP Semiconductors in a analysis report on Sunday, Could fifth. Zacks Funding Analysis upgraded Garrett Movement from a promote ranking to a maintain ranking in a analysis report on Friday, Could 10th. Lastly, Morgan Stanley set a $123.00 worth goal on Lowe’s Corporations and gave the corporate a purchase ranking in a analysis observe on Thursday, Could 23rd. One analyst has rated the inventory with a promote ranking, 5 have given a maintain ranking and two have assigned a purchase ranking to the corporate’s inventory. The corporate has a consensus ranking of Maintain and a consensus worth goal of $33.59.
NASDAQ APPN traded down $0.25 throughout buying and selling hours on Friday, reaching $38.22. The corporate’s inventory had a buying and selling quantity of 275,382 shares, in comparison with its common quantity of 800,124. The agency has a 50-day transferring common worth of $35.46. Appian has a 1-year low of $22.61 and a 1-year excessive of $39.92. The inventory has a market capitalization of $2.47 billion, a price-to-earnings ratio of -47.78 and a beta of 1.40.
Appian (NASDAQ:APPN) final introduced its earnings outcomes on Thursday, Could 2nd. The corporate reported ($0.16) EPS for the quarter, assembly analysts’ consensus estimates of ($0.16). The enterprise had income of $59.58 million throughout the quarter, in comparison with analysts’ expectations of $59.71 million. Appian had a detrimental return on fairness of 91.41% and a detrimental web margin of 24.48%. The enterprise’s income was up 15.2% in comparison with the identical quarter final 12 months. Throughout the identical quarter within the prior 12 months, the agency earned ($0.12) earnings per share. As a bunch, analysts anticipate that Appian will put up -0.83 earnings per share for the present 12 months.
In associated information, main shareholder Abdiel Capital Administration, Llc bought 16,782 shares of the agency’s inventory in a transaction dated Friday, July fifth. The inventory was bought at a median worth of $36.40, for a complete transaction of $610,864.80. The transaction was disclosed in a doc filed with the SEC, which is out there at this hyperlink. Additionally, CFO Mark Steven Lynch bought 15,000 shares of the agency’s inventory in a transaction dated Wednesday, Could 15th. The inventory was bought at a median worth of $34.14, for a complete worth of $512,100.00. Following the transaction, the chief monetary officer now immediately owns 16,950 shares within the firm, valued at roughly $578,673. The disclosure for this sale will be discovered right here. Within the final ninety days, insiders have bought 133,964 shares of firm inventory price $4,823,799. Company insiders personal 50.00% of the corporate’s inventory.
Various institutional traders and hedge funds have not too long ago made modifications to their positions within the enterprise. Advisor Group Inc. boosted its holdings in Appian by 12.2% within the 4th quarter. Advisor Group Inc. now owns 2,759 shares of the corporate’s inventory valued at $74,000 after buying a further 300 shares within the final quarter. Lindbrook Capital LLC boosted its holdings in Appian by 50.0% within the 1st quarter. Lindbrook Capital LLC now owns 900 shares of the corporate’s inventory valued at $30,000 after buying a further 300 shares within the final quarter. Valeo Monetary Advisors LLC boosted its holdings in Appian by 83.3% within the 2nd quarter. Valeo Monetary Advisors LLC now owns 836 shares of the corporate’s inventory valued at $30,000 after buying a further 380 shares within the final quarter. Weaver Consulting Group bought a brand new stake in Appian within the 1st quarter valued at roughly $25,000. Lastly, Roundview Capital LLC lifted its place in shares of Appian by 1.0% throughout the 1st quarter. Roundview Capital LLC now owns 81,462 shares of the corporate’s inventory valued at $2,805,000 after buying a further 820 shares throughout the interval. 28.68% of the inventory is presently owned by institutional traders.
Appian Firm Profile
Appian Company gives low-code software program growth platform that allows organizations to develop varied purposes in america and internationally. The corporate’s platform automates the creation of varieties, knowledge flows, information, experiences, and different software program parts which are wanted to be manually coded or configured.
Additional Studying: Liquidity
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