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HomeMarketResultsAppian (NASDAQ:APPN) Rating Lowered to Underperform at Sumitomo Mitsui Financial Group

Appian (NASDAQ:APPN) Rating Lowered to Underperform at Sumitomo Mitsui Financial Group


Appian (NASDAQ:APPNGet Rating) was downgraded by Sumitomo Mitsui Monetary Group from a “impartial” ranking to an “underperform” ranking in a analysis be aware issued on Monday, Briefing.com studies. They at the moment have a $23.00 goal value on the inventory, down from their prior goal value of $37.00. Sumitomo Mitsui Monetary Group’s value goal would counsel a possible draw back of 25.81% from the inventory’s present value.

APPN has been the topic of numerous different analysis studies. Truist Monetary lowered their value goal on Appian from $65.00 to $50.00 and set a “purchase” ranking for the corporate in a analysis report on Monday, November seventh. Morgan Stanley decreased their value goal on Appian from $54.00 to $42.00 and set an “equal weight” ranking for the corporate in a report on Friday, November 4th. The Goldman Sachs Group decreased their value goal on Appian from $71.00 to $55.00 and set a “purchase” ranking for the corporate in a report on Monday, November seventh. Credit score Suisse Group began protection on Appian in a report on Friday, September twenty third. They issued a “impartial” ranking and a $45.00 value goal for the corporate. Lastly, Barclays decreased their value goal on Appian from $37.00 to $32.00 and set an “underweight” ranking for the corporate in a report on Tuesday, October 18th. Two analysis analysts have rated the inventory with a promote ranking, three have given a maintain ranking and 4 have given a purchase ranking to the inventory. In accordance with knowledge from MarketBeat.com, the inventory presently has a consensus ranking of “Maintain” and a consensus value goal of $46.22.

Appian Buying and selling Down 2.0 %

NASDAQ:APPN opened at $31.00 on Monday. Appian has a 12-month low of $29.80 and a 12-month excessive of $66.91. The inventory has a 50-day shifting common value of $37.09 and a 200 day shifting common value of $43.80. The inventory has a market capitalization of $2.25 billion, a P/E ratio of -16.06 and a beta of 1.58.

Appian (NASDAQ:APPNGet Rating) final issued its quarterly earnings outcomes on Thursday, November third. The corporate reported ($0.59) earnings per share (EPS) for the quarter, lacking analysts’ consensus estimates of ($0.32) by ($0.27). The enterprise had income of $117.88 million for the quarter, in comparison with the consensus estimate of $116.11 million. Appian had a unfavourable return on fairness of 53.25% and a unfavourable internet margin of 31.83%. Appian’s income was up 27.5% on a year-over-year foundation. Throughout the identical interval within the prior 12 months, the enterprise posted ($0.29) earnings per share. On common, analysis analysts predict that Appian will publish -1.86 earnings per share for the present fiscal 12 months.

Insiders Place Their Bets

In associated information, Common Counsel Christopher Winters bought 4,244 shares of the agency’s inventory in a transaction dated Tuesday, November eighth. The shares had been bought at a median value of $34.40, for a complete worth of $145,993.60. Following the completion of the sale, the overall counsel now owns 45,210 shares within the firm, valued at $1,555,224. The sale was disclosed in a authorized submitting with the SEC, which is on the market by means of the SEC website. In different Appian information, main shareholder Abdiel Capital Administration, Llc purchased 60,900 shares of Appian inventory in a transaction that occurred on Tuesday, November 1st. The shares had been acquired at a median value of $49.85 per share, for a complete transaction of $3,035,865.00. Following the acquisition, the insider now owns 8,389,018 shares of the corporate’s inventory, valued at roughly $418,192,547.30. The acquisition was disclosed in a submitting with the SEC, which is on the market at this link. Additionally, Common Counsel Christopher Winters bought 4,244 shares of the enterprise’s inventory in a transaction on Tuesday, November eighth. The inventory was bought at a median value of $34.40, for a complete transaction of $145,993.60. Following the completion of the transaction, the overall counsel now owns 45,210 shares within the firm, valued at roughly $1,555,224. The disclosure for this sale might be discovered here. Over the past 90 days, insiders have purchased 257,731 shares of firm inventory valued at $10,784,035 and have bought 7,786 shares valued at $275,579. Company insiders personal 43.50% of the corporate’s inventory.

Hedge Funds Weigh In On Appian

A variety of institutional traders have just lately added to or diminished their stakes within the firm. Abdiel Capital Advisors LP elevated its place in shares of Appian by 39.9% within the 2nd quarter. Abdiel Capital Advisors LP now owns 8,328,118 shares of the corporate’s inventory value $394,420,000 after buying an extra 2,375,584 shares over the last quarter. Vanguard Group Inc. lifted its stake in shares of Appian by 3.7% within the third quarter. Vanguard Group Inc. now owns 3,856,902 shares of the corporate’s inventory value $157,477,000 after buying an extra 138,431 shares in the course of the interval. State Road Corp lifted its stake in Appian by 0.9% in the course of the second quarter. State Road Corp now owns 819,791 shares of the corporate’s inventory valued at $38,825,000 after buying an extra 7,151 shares over the last quarter. StackLine Companions LP lifted its stake in Appian by 13.0% in the course of the third quarter. StackLine Companions LP now owns 604,139 shares of the corporate’s inventory valued at $24,667,000 after buying an extra 69,655 shares over the last quarter. Lastly, Charles Schwab Funding Administration Inc. lifted its stake in Appian by 2.7% in the course of the first quarter. Charles Schwab Funding Administration Inc. now owns 287,118 shares of the corporate’s inventory valued at $17,463,000 after buying an extra 7,481 shares over the last quarter. Institutional traders and hedge funds personal 50.89% of the corporate’s inventory.

About Appian

(Get Rating)

Appian Company gives low-code automation platform in the USA and internationally. The corporate’s platform automates the creation of kinds, workflows, knowledge constructions, studies, person interfaces, and different software program parts which might be wanted to be manually coded. The corporate additionally affords skilled and buyer help companies.

Featured Tales

Analyst Recommendations for Appian (NASDAQ:APPN)

This on the spot information alert was generated by narrative science know-how and monetary knowledge from MarketBeat in an effort to present readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial workforce previous to publication. Please ship any questions or feedback about this story to contact@marketbeat.com.

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