Needham Keeps a Hold Rating on Appian (APPN)


In a report released today, Jack Andrews from Needham maintained a Hold rating on Appian (APPN). The company’s shares closed last Friday at $42.36.

According to TipRanks.com, Andrews is a 5-star analyst with an average return of 14.2% and a 58.2% success rate. Andrews covers the Technology sector, focusing on stocks such as LiveRamp Holdings, CommVault Systems, and ServiceNow.

The word on The Street in general, suggests a Hold analyst consensus rating for Appian with a $39.25 average price target.

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The company has a one-year high of $63.78 and a one-year low of $29.07. Currently, Appian has an average volume of 1.17M.

Based on the recent corporate insider activity of 65 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.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Appian Corp. provides business process management (BPM) solutions. Its BPM tools automate and measures business processes. The firm’s products include BPM software, case management, mobile application development, and platform-as-a-service. The company was founded by Matt Calkins, Robert C. Kramer, Marc Wilson, and Michael Beckley in 1999 and is headquartered in Reston, V A.

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