Press coverage about Appian (NASDAQ:APPN) has been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Appian earned a daily sentiment score of 0.07 on Accern’s scale. Accern also gave press coverage about the company an impact score of 44.1597042437568 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the news stories that may have effected Accern Sentiment Analysis’s rankings:
- Qualified Master Fund L. Abdiel Acquires 12,584 Shares of Appian (APPN) Stock (americanbankingnews.com)
- Appian Corporation (APPN): Intraday Technology Mover: (stocksgeeks.com)
- Appian Investing $28.4M In Virginia Expansion (businessfacilities.com)
- Global Enterprise Business Process Management Software Market 2018 Major Companies – Appian, BP Logix, Oracle … (themobileherald.com)
- Appian Corporation – Class A (NASDAQ:APPN) Shares Shorted Reduced By 22.53% (thecasualsmart.com)
A number of brokerages have commented on APPN. Barclays lowered shares of Appian from an “equal weight” rating to an “underweight” rating and set a $26.00 price objective on the stock. in a report on Monday, January 8th. SunTrust Banks lowered shares of Appian from a “buy” rating to a “hold” rating and set a $28.00 price objective on the stock. in a report on Monday, January 8th. BidaskClub upgraded shares of Appian from a “buy” rating to a “strong-buy” rating in a report on Saturday, January 6th. Goldman Sachs lowered shares of Appian from a “neutral” rating to a “sell” rating and set a $17.00 price objective on the stock. in a report on Thursday, January 18th. Finally, William Blair lowered shares of Appian from an “outperform” rating to a “market perform” rating in a report on Friday, January 19th. They noted that the move was a valuation call. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company’s stock. Appian has an average rating of “Hold” and an average price target of $24.29.
APPN opened at $27.27 on Thursday. The stock has a market capitalization of $1,630.26 and a PE ratio of -44.70. Appian has a 1-year low of $14.60 and a 1-year high of $43.26.
Appian (NASDAQ:APPN) last released its earnings results on Thursday, February 22nd. The company reported ($0.08) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.18) by $0.10. The company had revenue of $50.60 million during the quarter, compared to the consensus estimate of $41.78 million. Appian’s quarterly revenue was up 50.1% on a year-over-year basis. equities research analysts forecast that Appian will post -0.74 earnings per share for the current fiscal year.
In related news, CFO Mark Steven Lynch sold 15,000 shares of the business’s stock in a transaction dated Monday, April 2nd. The shares were sold at an average price of $25.91, for a total transaction of $388,650.00. Following the completion of the sale, the chief financial officer now owns 15,000 shares of the company’s stock, valued at approximately $388,650. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Qualified Master Fund L. Abdiel acquired 12,584 shares of the stock in a transaction that occurred on Tuesday, April 17th. The shares were acquired at an average cost of $26.20 per share, with a total value of $329,700.80. The disclosure for this purchase can be found here. Insiders bought a total of 443,872 shares of company stock valued at $11,584,560 in the last three months.
Appian Company Profile
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.
Receive News & Ratings for Appian Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Appian and related companies with MarketBeat.com's FREE daily email newsletter.