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Appian Corp (NASDAQ: APPN) closed the day trading at $32.97 up 3.10% from the previous closing price of $31.98. In other words, the price has increased by $3.10 from its previous closing price. On the day, 0.54 million shares were traded. APPN stock price reached its highest trading level at $33.085 during the session, while it also had its lowest trading level at $32.0.
Ratios:
For a better understanding of APPN, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.21 and its Current Ratio is at 1.21.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Citigroup on January 11, 2024, Upgraded its rating to Buy and sets its target price to $45 from $47 previously.
On November 07, 2023, DA Davidson Upgraded its rating to Buy which previously was Neutral and also upped its target price recommendation from $50 to $55.
On June 06, 2023, DA Davidson started tracking the stock assigning a Neutral rating and target price of $40.DA Davidson initiated its Neutral rating on June 06, 2023, with a $40 target price.
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 Feb 21 ’24 when Abdiel Capital Advisors, LP sold 400,000 shares for $32.44 per share. The transaction valued at 12,976,000 led to the insider holds 5,890,304 shares of the business.
Abdiel Capital Advisors, LP sold 248,000 shares of APPN for $8,283,680 on Jan 04 ’24. The 10% Owner now owns 6,290,304 shares after completing the transaction at $33.40 per share. On Jan 03 ’24, another insider, Abdiel Capital Advisors, LP, who serves as the 10% Owner of the company, sold 29,126 shares for $33.57 each. As a result, the insider received 977,710 and left with 6,538,304 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 2310284032 and an Enterprise Value of 2536393216. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.25. Its current Enterprise Value per Revenue stands at 4.53 whereas that against EBITDA is -33.172.
Stock Price History:
Over the past 52 weeks, APPN has reached a high of $54.26, while it has fallen to a 52-week low of $28.22. The 50-Day Moving Average of the stock is -9.79%, while the 200-Day Moving Average is calculated to be -16.71%.
Shares Statistics:
Over the past 3-months, APPN traded about 567.72K shares per day on average, while over the past 10 days, APPN traded about 647600 shares per day. A total of 42.17M shares are outstanding, with a floating share count of 39.91M. Insiders hold about 44.76% of the company’s shares, while institutions hold 44.77% stake in the company. Shares short for APPN as of 1713139200 were 2253700 with a Short Ratio of 3.97, compared to 1710460800 on 2026130. Therefore, it implies a Short% of Shares Outstanding of 2253700 and a Short% of Float of 5.6500003.
