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After finishing at $31.88 in the prior trading day, Appian Corp (NASDAQ: APPN) closed at $30.99, down -2.79%. In other words, the price has decreased by -$2.79 from its previous closing price. On the day, 1.19 million shares were traded. APPN stock price reached its highest trading level at $32.25 during the session, while it also had its lowest trading level at $30.97.
Ratios:
Our goal is to gain a better understanding of APPN by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.12 and its Current Ratio is at 1.12.
DA Davidson Downgraded its Buy to Neutral on July 31, 2024, whereas the target price for the stock was revised from $37 to $33.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Oct 01 ’24 when Abdiel Capital Advisors, LP bought 10,265 shares for $33.75 per share. The transaction valued at 346,444 led to the insider holds 10,179,538 shares of the business.
Abdiel Capital Advisors, LP bought 25,561 shares of APPN for $840,190 on Sep 24 ’24. The 10% Owner now owns 10,167,561 shares after completing the transaction at $32.87 per share. On Sep 23 ’24, another insider, Abdiel Capital Advisors, LP, who serves as the 10% Owner of the company, bought 15,552 shares for $33.08 each. As a result, the insider paid 514,460 and bolstered with 10,142,000 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, APPN now has a Market Capitalization of 2242089216 and an Enterprise Value of 2415048192. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.87. Its current Enterprise Value per Revenue stands at 4.173 whereas that against EBITDA is -32.828.
Stock Price History:
Over the past 52 weeks, APPN has reached a high of $44.28, while it has fallen to a 52-week low of $26.28. The 50-Day Moving Average of the stock is -2.41%, while the 200-Day Moving Average is calculated to be -6.80%.
Shares Statistics:
The stock has traded on average 588.48K shares per day over the past 3-months and 441760 shares per day over the last 10 days, according to various share statistics. A total of 42.17M shares are outstanding, with a floating share count of 37.40M. Insiders hold about 48.31% of the company’s shares, while institutions hold 51.81% stake in the company. Shares short for APPN as of 1727654400 were 2605612 with a Short Ratio of 4.43, compared to 1724976000 on 3487941. Therefore, it implies a Short% of Shares Outstanding of 2605612 and a Short% of Float of 6.510000000000001.
