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In the latest session, Appian Corp (NASDAQ: APPN) closed at $37.60 down -5.88% from its previous closing price of $39.95. In other words, the price has decreased by -$5.88 from its previous closing price. On the day, 0.69 million shares were traded. APPN stock price reached its highest trading level at $39.96 during the session, while it also had its lowest trading level at $37.485.
Ratios:
For a deeper understanding of Appian Corp’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.09 and its Current Ratio is at 1.09.
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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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 2778162176 and an Enterprise Value of 2915353600. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.66. Its current Enterprise Value per Revenue stands at 4.894 whereas that against EBITDA is -44.784.
Stock Price History:
Over the past 52 weeks, APPN has reached a high of $43.33, while it has fallen to a 52-week low of $26.28. The 50-Day Moving Average of the stock is 10.67%, while the 200-Day Moving Average is calculated to be 12.46%.
Shares Statistics:
For the past three months, APPN has traded an average of 481.48K shares per day and 671490 over the past ten days. 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 45.86% stake in the company. Shares short for APPN as of 1730332800 were 2466414 with a Short Ratio of 5.12, compared to 1727654400 on 2605612. Therefore, it implies a Short% of Shares Outstanding of 2466414 and a Short% of Float of 6.15.
