Appian Corp (NASDAQ: APPN) is -13.75% lower on its value in year-to-date trading and has touched a low of $26.28 and a high of $52.99 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The APPN stock was last observed hovering at around $31.20 in the last trading session, with the day’s gains setting it 1.28%.
Currently trading at $32.48, the stock is 8.31% and 2.42% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.51 million and changing 4.10% at the moment leaves the stock -4.60% off its SMA200. APPN registered -32.36% loss for a year compared to 6-month gain of -6.80%.
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The stock witnessed a -12.07% loss in the last 1 month and extending the period to 3 months gives it a 14.13%, and is 5.45% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.98% over the week and 4.91% over the month.
Appian Corp (APPN) has around 2243 employees, a market worth around $2.35B and $578.70M in sales. Fwd P/E is 236.22. Profit margin for the company is -18.80%. Distance from 52-week low is 23.59% and -38.71% from its 52-week high. The company has generated returns on investments over the last 12 months (-42.53%).
The EPS is expected to grow by 34.27% this year
276.0 institutions hold shares in Appian Corp (APPN), with institutional investors hold 97.98% of the company’s shares. The shares outstanding are 42.17M, and float is at 38.84M with Short Float at 7.74%. Institutions hold 95.31% of the Float.
The top institutional shareholder in the company is ABDIEL CAPITAL ADVISORS, LP with over 5.89 million shares valued at $181.77 million. The investor’s holdings represent 8.0359 of the APPN Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 5.15 million shares valued at $158.92 million to account for 7.0255 of the shares outstanding. The other top investors are MORGAN STANLEY which holds 3.44 million shares representing 4.6961 and valued at over $106.23 million, while BLACKROCK INC. holds 4.389 of the shares totaling 3.22 million with a market value of $99.28 million.
Appian Corp (APPN) Insider Activity
The most recent transaction is an insider purchase by Abdiel Capital Advisors, LP, the company’s 10% Owner. SEC filings show that Abdiel Capital Advisors, LP bought 23,126 shares of the company’s common stock on Aug 28 ’24 at a price of $31.24 per share for a total of $0.72 million. Following the purchase, the insider now owns 9.88 million shares.
Appian Corp disclosed in a document filed with the SEC on Aug 27 ’24 that Abdiel Capital Advisors, LP (10% Owner) bought a total of 21,844 shares of the company’s common stock. The trade occurred on Aug 27 ’24 and was made at $31.58 per share for $0.69 million. Following the transaction, the insider now directly holds 9.86 million shares of the APPN stock.
Still, SEC filings show that on Aug 29 ’24, Abdiel Capital Advisors, LP (10% Owner) acquired 11,930 shares at an average price of $32.23 for $0.38 million. The insider now directly holds 9,894,713 shares of Appian Corp (APPN).
