Is Appian Corporation (APPN) Favorite Among The Institutional Crowd?

Appian Corporation (NASDAQ:APPN) is on recovery track with 34.23% gain from a 1-year low price of $22.61. The company added 2.81% to attain the price of $30.35 on 01/10/2019. Throughout the recent session, the prices were hovering between $29.0701 and $30.44. These shares are -6.43% up from its target price of $28.4 and the current market capitalization stands at $1.9B. The recent change has given its price a 12% lead over SMA 50 and -30.41% deficit over its 52-week high. The stock witnessed 3.02% gains, 12.41% gains and -5.77% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found APPN’s volatility during a week at 4.62% and during a month it has been found around 5.58%.

Appian Corporation (APPN) Top Holders

Institutional investors currently hold around $417 million or 55.6% in APPN stock. Look at its top three institutional owners. Abdiel Capital Advisors, Lp owns $176.49 million in Appian Corporation, which represents roughly 9.29% of the company’s market cap and approximately 42.32% of the institutional ownership. Similar statistics are true for the second largest owner, Vanguard Group Inc, which owns 1,930,924 shares of the stock are valued at $57 million. The third largest holder is Lord, Abbett & Co. Llc, which currently holds $25.23 million worth of this stock and that ownership represents nearly 1.33% of its market capitalization.

Appian Corporation 13F Filings

At the end of September reporting period, 65 institutional holders increased their position in Appian Corporation (NASDAQ:APPN) by some 3,825,444 shares, 23 decreased positions by 326,264 and 14 held positions by 9,980,264. That puts total institutional holdings at 14,131,972 shares, according to SEC filings. The stock grabbed 31 new institutional investments totaling 849,498 shares while 9 institutional investors sold out their entire positions totaling 87,292 shares.

Appian Corporation (NASDAQ:APPN) Insider Trades

Multiple company employees have indulged in significant insider trading. Appian Corporation disclosed in a document filed with the US Securities and Exchange Commission (SEC) that 10% Owner Abdiel Qualified Master Fund L has acquired 4,945 shares of Appian Corporation (APPN) in trading session dated Jan. 02, 2019. These shares are worth $129,608 and were traded at $26.21 each. The SEC filing shows that Abdiel Qualified Master Fund L performed a purchase of 180,800 shares. The 10% Owner added these shares by way of transaction on Dec. 26, 2018. The company’s shares were assimilated at $24.92 per share worth to an investment of some $4,505,536 on account of Abdiel Qualified Master Fund L.

10% Owner, Abdiel Qualified Master Fund L, purchased 200,000 common shares of Appian Corporation (APPN) in the open market. In a transaction dated Dec. 17, 2018, the shares were bought at an average price of $26.4, giving away a sum of $5,280,000. After this purchase, 14,546,234 common shares of APPN are directly owned by the insider, with total stake valued at $441,478,202.

In the transaction dated Dec. 03, 2018, the great number of shares disposed came courtesy the Senior VP, Worldwide Sales; Hughes Edward L disposed a total of 20,000 shares at an average price of $29.98, amounting to approximately $599,600. The insider now directly owns 114,364 shares worth $3,470,947.

Appian Corporation (APPN) Analyst Guide

Several analysts have released their opinion on Appian Corporation (NASDAQ:APPN), with 0 analysts believing it is a strong buy. Whereas 7 of them predict the stock is a hold. Also, there are 0 buy, 1 sell and 0 strong sell ratings, collectively assigning a 3.12 average brokerage recommendation.