Wednesday, October 25, 2017 10:15 PM ET
Appian (APPN) Insider Makes Significant Share purchase Extending the Buying Trend over Last Quarter
There was significant buying activity in Appian shares by an insider today, as disclosed in a form 4 document filed with the SEC. One insider — Abdiel Capital Management Llc, 10% Owner — purchased 65,533 shares in the company having a market value of approximately $1,456,607. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the purchase of 246,675 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net purchases of 312,208 shares and have averaged 156,104 shares per transaction over this time period.
In relation to the peer group over the last 90 days, insider buy/sell trading at Appian is less than the 62-company peer group average. Enterprise Software peer group saw 177 buy/sell trades during this period for an average of 2.9 transactions per company. However, the number of shares per buy/sell trade for Appian is higher. Within the peer group there were 345,888 shares purchased and 7,501,457 shares sold with company insiders selling 40,427 shares on average.
To bring into focus significant insider buying and selling activity, all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers has been eliminated in data used to evaluate and write this story.
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