Monday, November 20, 2017 10:15 PM ET
Significant Insider purchase Extends the buy Trend of Last 90 Days in Shares of Appian (APPN)
There was a substantial insider buy in Appian shares today as disclosed in a filing with the SEC. One insider — Abdiel Capital Management Llc, 10% Owner — acquired 450,000 shares in the company having a net market value of approximately $9,066,500. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the purchase of 94,333 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net purchases of 544,333 shares and have averaged 272,167 shares per transaction over this time period.
The number of insider buy/sell trades at Appian is less than the 62 peer company average over the last 90-day period. The Enterprise Software peer group saw 173 buy/sell trades during this period for an average of 2.8 transactions per company. However, the number of shares per buy/sell trade for Appian is higher. Within the peer group there were 281,656 shares purchased and 7,223,728 shares sold with company insiders disposing of 40,128 shares on average.
For the purpose of evaluating significant insider buying and selling all trades reported to the SEC that involve awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers have been eliminated in data used to create and write this story.
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