In a report released today, Raimo Lenschow from Barclays maintained a Sell rating on Appian (APPN – Research Report), with a price target of $35.00. The company’s shares closed yesterday at $32.87.
Lenschow covers the Technology sector, focusing on stocks such as Microsoft, Teradata, and Appian. According to TipRanks, Lenschow has an average return of 5.4% and a 52.97% success rate on recommended stocks.
Currently, the analyst consensus on Appian is a Moderate Buy with an average price target of $45.14.
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APPN market cap is currently $2.41B and has a P/E ratio of -17.65.
Based on the recent corporate insider activity of 50 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling 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 (APPN) Company Description:
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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