In a report released today, Raimo Lenschow from Barclays maintained a Sell rating on Appian (APPN – Research Report), with a price target of $36.00. The company’s shares closed yesterday at $35.39.
Lenschow covers the Technology sector, focusing on stocks such as Microsoft, Teradata, and Paycom. According to TipRanks, Lenschow has an average return of 2.8% and a 49.19% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Appian with a $44.67 average price target.
Based on Appian’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $145.32 million and a GAAP net loss of $10.01 million. In comparison, last year the company earned a revenue of $125.79 million and had a GAAP net loss of $34.42 million
Based on the recent corporate insider activity of 44 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.
