Appian Corporation (APPN) Attracting Credible Institutional Interest?

Appian Corporation (NASDAQ:APPN) has made a 62.67% comeback from a 12-month low price of $22.61. It was seen 7.58% higher, changing the price to $36.78, when the closing bell rang on 02/08/2019. At recent session, the prices were hovering between $34.29 and $36.9. This company shares are -21.7% up from its target price of $28.8 and the current market capitalization stands at $2.18B. The recent change has given its price a 25.75% lead over SMA 50 and -15.66% deficit over its 52-week high. The stock witnessed 24.59% gains, 38.48% gains and 8.3% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found APPN’s volatility during a week at 5.33% and during a month it has been found around 3.97%.

Appian Corporation (APPN) Top Holders

Institutional investors currently hold around $535 million or 56.9% in APPN stock. Look at its top three institutional owners. Abdiel Capital Advisors, Lp owns $219.9 million in Appian Corporation, which represents roughly 10.09% of the company’s market cap and approximately 41.1% 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 $71.02 million. The third largest holder is Lord, Abbett & Co. Llc, which currently holds $31.43 million worth of this stock and that ownership represents nearly 1.44% of its market capitalization.

Appian Corporation 13F Filings

At the end of September reporting period, 58 institutional holders increased their position in Appian Corporation (NASDAQ:APPN) by some 3,918,734 shares, 35 decreased positions by 777,533 and 14 held positions by 9,853,462. That puts total institutional holdings at 14,549,729 shares, according to SEC filings. The stock grabbed 28 new institutional investments totaling 1,545,977 shares while 15 institutional investors sold out their entire positions totaling 195,561 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 General Counsel Winters Christopher has sold 20,000 shares of Appian Corporation (APPN) in trading session dated Feb. 08, 2019. These shares are worth $700,600 and were traded at $35.03 each. The SEC filing shows that Abdiel Qualified Master Fund L performed a purchase of 4,945 shares. The 10% Owner added these shares by way of transaction on Jan. 02, 2019. The company’s shares were assimilated at $26.21 per share worth to an investment of some $129,608 on account of Abdiel Qualified Master Fund L.

10% Owner, Abdiel Qualified Master Fund L, purchased 180,800 common shares of Appian Corporation (APPN) in the open market. In a transaction dated Dec. 26, 2018, the shares were bought at an average price of $24.92, giving away a sum of $4,505,536. After this purchase, 14,908,551 common shares of APPN are directly owned by the insider, with total stake valued at $548,336,506.

In the transaction dated Dec. 17, 2018, the great number of shares acquired came courtesy the 10% Owner; Abdiel Qualified Master Fund L added a total of 200,000 shares at an average price of $26.4, amounting to approximately $5,280,000. The insider now directly owns 14,546,234 shares worth $535,010,487.

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, 2 sell and 0 strong sell ratings, collectively assigning a 3.22 average brokerage recommendation.