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The price of Appian Corp (NASDAQ: APPN) closed at $40.50 in the last session, up 4.73% from day before closing price of $38.67. In other words, the price has increased by $4.73 from its previous closing price. On the day, 1.05 million shares were traded. APPN stock price reached its highest trading level at $41.6 during the session, while it also had its lowest trading level at $39.07.
Ratios:
We take a closer look at APPN’s different ratios to gain a better understanding of the stock. 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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. 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 2796346880 and an Enterprise Value of 3103084800. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.06. Its current Enterprise Value per Revenue stands at 5.362 whereas that against EBITDA is -42.18.
Stock Price History:
Over the past 52 weeks, APPN has reached a high of $42.17, while it has fallen to a 52-week low of $26.28. The 50-Day Moving Average of the stock is 22.80%, while the 200-Day Moving Average is calculated to be 21.80%.
Shares Statistics:
According to the various share statistics, APPN traded on average about 498.32K shares per day over the past 3-months and 516030 shares per day over the past 10 days. A total of 42.17M shares are outstanding, with a floating share count of 37.43M. Insiders hold about 48.27% of the company’s shares, while institutions hold 49.65% stake in the company. Shares short for APPN as of 1728950400 were 2587067 with a Short Ratio of 5.19, compared to 1726185600 on 3445872. Therefore, it implies a Short% of Shares Outstanding of 2587067 and a Short% of Float of 6.460000000000001.
