KeyBanc Capital Markets has recently reduced Appian Corp (APPN) stock to Sector Weight rating, as announced on August 2, 2024, according to Finviz. Earlier, on August 1, 2024, William Blair had reduced the stock from a Outperform to Mkt Perform. DA Davidson also reduced Neutral rating with a price target of $33. Additionally, Citigroup raised Buy rating on January 11, 2024, with a target price of $45. DA Davidson analysts, in their report published on November 7, 2023, also raised Buy rating and set a price target of $55 for Appian Corp’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
Appian Corp (APPN) Stock Trading Recap
On Friday, Appian Corp (APPN) stock saw a modest uptick, ending the day at $36.63 which represents a slight increase of $0.88 or 2.46% from the prior close of $35.75. The stock opened at $35.82 and touched a low of $35.78 during the day, reaching a high of $37.7. The volume of shares traded was 0.66 million exceeding the average volume of 0.55 million.
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APPN Stock Performance and Moving Averages
In recent trading, Appian Corp (APPN) stock price has shown some volatility, fluctuating 13.41% over the last five trades and 7.74% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by 14.54%, and it has gained 27.81% in the previous three months. Currently, APPN is trading at 12.74%, 12.51%, and 10.43% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, APPN, a Technology sector stock, is trading -14.79% below its 52-week high but remains 39.38% above its 52-week low. The Average True Range (ATR) (14 days) of 1.24 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
Appian Corp’s Profitability and Valuation Ratios
Appian Corp’s profitability metrics reveal strong financial health. The company currently boasts an operating margin of -14.50% and a profit margin of -18.80%, with a gross margin of 14.54%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, Appian Corp’s market capitalization stands at $2.65 billion. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. The forward P/E ratio, which uses projected earnings for the next financial year, is 520.39. Additionally, the Price-to-Sales Ratio is 4.58, reflecting the market’s valuation of the company’s sales.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 48.31% of Appian Corp (APPN)’s shares, while financial institutions hold 49.70%.
Notable insider trades include Abdiel Capital Advisors, LP, 10% Owner at Appian Corp (APPN), who sold 400000 shares on Feb 21 ’24, at $32.44 each, totaling $12.98 million. On Jan 04 ’24, Abdiel Capital Advisors, LP, 10% Owner, sold 248000 shares for $33.4 each, amounting to $8.28 million. Additionally, on Jan 02 ’24, Abdiel Capital Advisors, LP sold 44014 shares at $35.56 each, generating $1.57 million.
