Appian Corp (NASDAQ: APPN) is -1.51% lower on its value in year-to-date trading and has touched a low of $26.28 and a high of $43.33 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 $37.67 in the last trading session, with the day’s loss setting it -0.58%.
Currently trading at $37.09, the stock is -2.99% and 6.10% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.23 million and changing -1.54% at the moment leaves the stock 10.22% off its SMA200. APPN registered 5.13% gain for a year compared to 6-month gain of 30.32%. The firm has a 50-day simple moving average (SMA 50) of $34.879 and a 200-day simple moving average (SMA200) of $33.622776.
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The stock witnessed a 8.01% loss in the last 1 month and extending the period to 3 months gives it a 14.19%, and is 2.69% 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 3.99% over the week and 4.86% over the month.
Appian Corp (APPN) has around 2243 employees, a market worth around $2.74B and $595.66M in sales. Fwd P/E is 313.18. Profit margin for the company is -14.88%. Distance from 52-week low is 41.13% and -14.40% from its 52-week high. The company has generated returns on investments over the last 12 months (-35.78%).
The EPS is expected to grow by 56.09% this year
276.0 institutions hold shares in Appian Corp (APPN), with institutional investors hold 87.12% of the company’s shares. The shares outstanding are 42.17M, and float is at 38.46M with Short Float at 5.96%. Institutions hold 81.77% 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 10,265 shares of the company’s common stock on Oct 01 ’24 at a price of $33.75 per share for a total of $0.35 million. Following the purchase, the insider now owns 10.18 million shares.
Appian Corp disclosed in a document filed with the SEC on Sep 24 ’24 that Abdiel Capital Advisors, LP (10% Owner) bought a total of 25,561 shares of the company’s common stock. The trade occurred on Sep 24 ’24 and was made at $32.87 per share for $0.84 million. Following the transaction, the insider now directly holds 10.17 million shares of the APPN stock.
Still, SEC filings show that on Sep 23 ’24, Abdiel Capital Advisors, LP (10% Owner) acquired 15,552 shares at an average price of $33.08 for $0.51 million. The insider now directly holds 10,142,000 shares of Appian Corp (APPN).
