Press coverage about Appian (NASDAQ:APPN) has been trending somewhat positive on Saturday, Accern Sentiment reports. The research group ranks the sentiment of media coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Appian earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned news articles about the company an impact score of 45.2855579637806 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the media stories that may have effected Accern Sentiment Analysis’s rankings:
- Short Interest in Appian Corp (APPN) Expands By 143.1% (americanbankingnews.com)
- Appian Shares Downgraded On Valuation Concerns (finance.yahoo.com)
- Why Appian Corp Is Rising Today – Motley Fool (fool.com)
- Appian Schedules Fourth Quarter and Full Year 2017 Financial Results Conference Call (finance.yahoo.com)
Shares of Appian (APPN) traded up $0.01 during mid-day trading on Friday, hitting $36.76. 610,445 shares of the company were exchanged, compared to its average volume of 829,076. Appian has a 12 month low of $14.60 and a 12 month high of $43.26.
APPN has been the subject of a number of recent analyst reports. William Blair initiated coverage on shares of Appian in a research report on Monday, November 27th. They issued an “outperform” rating for the company. Zacks Investment Research downgraded shares of Appian from a “buy” rating to a “sell” rating in a research report on Friday, December 22nd. KeyCorp reaffirmed a “hold” rating on shares of Appian in a research report on Monday, September 18th. Morgan Stanley upped their price objective on shares of Appian from $18.00 to $19.00 and gave the stock an “equal weight” rating in a research report on Friday, November 3rd. Finally, SunTrust Banks assumed coverage on shares of Appian in a research report on Tuesday, November 21st. They set a “buy” rating and a $28.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. Appian has an average rating of “Hold” and a consensus price target of $23.57.
In other news, major shareholder Abdiel Capital Management, Llc bought 23,443 shares of the stock in a transaction on Monday, October 23rd. The shares were acquired at an average cost of $22.24 per share, for a total transaction of $521,372.32. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder Qualified Master Fund L. Abdiel bought 17,473 shares of the stock in a transaction on Friday, December 15th. The stock was purchased at an average price of $20.14 per share, for a total transaction of $351,906.22. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 1,051,519 shares of company stock worth $21,602,934 and have sold 1,097,222 shares worth $21,384,857.
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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