Barclays analyst Raimo Lenschow maintained a Sell rating on Appian Corp (NASDAQ: APPN) on August 3 and set a price target of $28. The company’s shares closed on Friday at $30.51.
According to TipRanks.com, Lenschow is a top 100 analyst with an average return of 18.5% and a 74.0% success rate. Lenschow covers the Technology sector, focusing on stocks such as Ceridian HCM Holding Inc, Coupa Software Inc, and Citrix Systems.
Currently, the analyst consensus on Appian Corp is a Moderate Sell with an average price target of $29.80.
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The company has a one-year high of $43.61 and a one-year low of $19.61. Currently, Appian Corp has an average volume of 559.5K.
Based on the recent corporate insider activity of 115 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of APPN in relation to earlier this year.
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Appian Corp. provides business process management (BPM) solutions. Its BPM tools automates and measures business processes. The firm’s products include BPM software, case management, mobile application development, and platform-as-a-service.
