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Wednesday, September 27, 2023

Appian Corporation (NASDAQ: APPN) May Be Attracting Institutional Investments

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Appian Corporation (APPN) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.46, or -0.93%, to $49.09. The Appian Corporation has recorded 11,089 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Appian to Participate in Upcoming Investor Conferences.

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Stocks Info

Appian Corporation is listed on the NASDAQ as a member of the Technology sector and is a part of the Software – Infrastructure industry. At the end of the last regular session, the stock closed at $49.55 and fluctuated between $50.13 as its day high and $48.80 as its day low. The current market capitalization of Appian Corporation is $3.56B. A total of 0.23 million shares were traded on the day, compared to an average of 282.54K shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, APPN has seen 7 BUY and 1 SELL insider trades, representing the acquisition of 22,921 and the disposition of 6,600 shares. Over the last 12 months, there were 181 BUYs and 13 SELLs from insiders. Insiders purchased 1,896,837 shares during that period but sold 323,417.

In the most recent transaction, Abdiel Capital Advisors, LP bought 6,444 shares of APPN for 43.65 per share on Apr 03. After the transaction, the 10% Owner now owns 10,121,954 company shares. In a previous transaction on Feb 27, Lynch Mark Steven sold 1,393 shares at 43.17 per share. APPN shares that Director owns now total 36,237.

Among the insiders who bought shares, Abdiel Capital Advisors, LP acquired of 100,000 shares on Feb 16 at a per-share price of $45.21. This resulted in the 10% Owner holding 10,115,510 shares of APPN after the transaction. In another insider transaction, Abdiel Capital Advisors, LP bought 516 shares at $43.53 per share on Feb 09. Company shares held by the 10% Owner now total 10,015,510.



Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for APPN in the last 3 months, the mean price target is $52.09 with high estimates of $63.00 and low estimates of $41.00. In terms of 52-week highs and lows, APPN has a high of $54.26 and a low of $29.80.

As of this writing, APPN has an earnings estimate of -$0.25 per share for the current quarter. EPS was calculated based on a consensus of 10 estimates, with a high estimate of -$0.17 per share and a lower estimate of -$0.27. The company reported an EPS of -$0.27 in the last quarter, which was 6.90% higher than expectations of -$0.29.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. APPN’s latest balance sheet shows that the firm has $155.97M in Cash & Short Term Investments as of fiscal 2021. There were $56.89M in debt and $215.72M in liabilities at the time. Its Book Value Per Share was $1.10, while its Total Shareholder’s Equity was $233.92M.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for APPN is Buy with a score of 3.55.

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