Thursday, December 14, 2017 10:15 PM ET
Insider buy at Appian (APPN) Extends the Trend of purchases over Last Quarter
There was a substantial insider purchase in Appian shares today as disclosed in a filing with the SEC. One insider — Abdiel Capital Management Llc, 10% Owner — bought 311,141 shares in the company having a net market value of approximately $6,336,877. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the purchase of 939,178 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net purchases of 1,250,319 shares and have averaged 625,160 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 174 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 1,133,651 shares purchased and 6,744,169 shares sold with company insiders disposing of 32,244 shares on average.
In order to focus on 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 data sourced to compose and write this story.
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