Appian Corporation (APPN) Now Covered by Analysts at Cowen and Company

Cowen and Company assumed coverage on shares of Appian Corporation (NASDAQ:APPN) in a research note issued to investors on Monday morning, Marketbeat reports. The firm issued an outperform rating on the stock.

Other analysts also recently issued reports about the company. Barclays PLC initiated coverage on Appian Corporation in a research note on Monday. They set an equal weight rating and a $19.00 target price on the stock. Canaccord Genuity initiated coverage on Appian Corporation in a research note on Monday. They set a hold rating and a $18.00 target price on the stock. Finally, Goldman Sachs Group, Inc. (The) initiated coverage on Appian Corporation in a research note on Monday. They set a neutral rating and a $17.00 target price on the stock. Four analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of Hold and an average target price of $18.00.

Appian Corporation (NASDAQ:APPN) traded down 2.23% during trading on Monday, reaching $17.57. The company’s stock had a trading volume of 44,567 shares. Appian Corporation has a 52-week low of $14.60 and a 52-week high of $20.72. The stock has a 50-day moving average price of $18.37 and a 200 day moving average price of $18.37. The company’s market cap is $602.19 million.

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In other Appian Corporation news, major shareholder Qualified Master Fund L. Abdiel bought 227,529 shares of the business’s stock in a transaction on Monday, June 5th. The shares were acquired at an average cost of $18.51 per share, for a total transaction of $4,211,561.79. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Qualified Master Fund L. Abdiel bought 67,547 shares of the business’s stock in a transaction on Monday, June 12th. The shares were acquired at an average price of $18.48 per share, for a total transaction of $1,248,268.56. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 500,436 shares of company stock worth $9,497,208.

About Appian Corporation

Appian Corporation provides a low-code software development platform as a service that enables organizations to develop applications. Through Company‚Äôs platform, organizations can design, build and implement, enterprise-grade custom applications. Decision makers can reimagine their products, services, processes and customer interactions.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:APPN”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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