What do Insider Trends Have to Say About Appian Corporation (APPN)?

The stock closing price is now trading upward to its 50 day moving average with change of 8.78%, escalated to its 20 day moving average with figure of 6.49% and behind its 200 day moving average with value -28.21%. Barclays' price target points to a potential downside of 29.25% from the stock's previous close. For the long-term approach of trading or also can for short period of time, 200 days MA can also help to get idea about trading, APPN has 66.08% which indicates Bullish trends and this can also make isolating trends easier. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. Zacks Investment Research raised Appian from a "sell" rating to a "hold" rating in a report on Tuesday, January 2nd. Cowen downgraded Appian from an "outperform" rating to a "market perform" rating and set a $23.00 price target for the company.in a report on Monday, October 2nd. KeyCorp reiterated a "hold" rating on shares of Appian in a research note on Monday, September 18th. Finally, Canaccord Genuity lifted their target price on Appian from $19.00 to $22.00 and gave the stock a "hold" rating in a report on Monday, October 30th. APPN's prior rating was a Equal-Weight. The company presently has an average rating of "Hold" and an average target price of $23.57.

Shares of Appian (NASDAQ APPN) opened at $36.75 on Monday. A statistical measure of the dispersion of returns (volatility) for APPN producing salvation in Investors mouth, it has week volatility of 14.80% and for the month booked as 10.13%.

In related news, Director Michael J. Mulligan sold 20,000 shares of the stock in a transaction on Monday, November 20th. About 768,138 shares traded or 53.00% up from the average. Active and passive investors always require every bit of information available regarding his chosen security and this include keeping close watch on fundamental and technical data. Also, VP Edward L. Hughes sold 100,000 shares of the firm's stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $19.49, for a total value of $389,800.00. The disclosure for this sale can be found here. Following the completion of the transaction, the director now owns 20,000 shares in the company, valued at approximately $389,800. The data from the past twelve months tells a similar story: insiders executed 89 buys and 27 sells, and ownership increased by a net of 3.57 million shares.

The top 5 institutional holders, in ascending order, are as follows: ABDIEL CAPITAL ADVISORS, LP with 3.78 million shares, JPMORGAN CHASE & CO with 585,018 shares, LORD, ABBETT & CO. LLC purchased a new stake in Appian during the second quarter valued at about $8,134,000. Vanguard Group Inc. purchased a new stake in Appian during the second quarter valued at about $7,105,000.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business.