In a report released today, Raimo Lenschow from Barclays maintained a Sell rating on Appian Corp (NASDAQ: APPN), with a price target of $29. The company’s shares closed yesterday at $34.82.
According to TipRanks.com, Lenschow is a top 100 analyst with an average return of 19.3% and a 74.2% success rate. Lenschow covers the Technology sector, focusing on stocks such as Ceridian HCM Holding Inc, Cornerstone Ondemand, and Coupa Software Inc.
Appian Corp has an analyst consensus of Moderate Sell, with a price target consensus of $30.
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Based on Appian Corp’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $10.97 million. In comparison, last year the company had a GAAP net loss of $14.46 million.
Based on the recent corporate insider activity of 120 insiders, corporate insider sentiment is neutral on the stock.
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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.
