Moody Aldrich Partners LLC purchased a new stake in shares of Appian Corporation (NASDAQ:APPN – Free Report) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 24,901 shares of the company’s stock, valued at approximately $878,000.
A number of other institutional investors and hedge funds have also recently modified their holdings of APPN. RPD Fund Management LLC bought a new position in shares of Appian in the first quarter valued at approximately $94,496,000. Lead Edge Capital Management LLC grew its stake in Appian by 18.5% during the first quarter. Lead Edge Capital Management LLC now owns 1,905,634 shares of the company’s stock valued at $45,945,000 after acquiring an additional 296,845 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Appian during the 2nd quarter worth approximately $1,407,000. First Trust Advisors LP increased its holdings in Appian by 16.9% during the 1st quarter. First Trust Advisors LP now owns 1,355,961 shares of the company’s stock worth $32,692,000 after acquiring an additional 196,021 shares during the period. Finally, Quantinno Capital Management LP bought a new stake in Appian during the 1st quarter worth approximately $541,000. 52.70% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling
In other Appian news, CEO Matthew Calkins sold 45,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 7th. The shares were sold at an average price of $37.50, for a total value of $1,687,500.00. Following the completion of the transaction, the chief executive officer owned 1,584,144 shares of the company’s stock, valued at $59,405,400. The trade was a 2.76% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 42.81% of the stock is currently owned by corporate insiders.
Appian Trading Down 2.9%
Shares of APPN opened at $50.47 on Friday. The company has a market cap of $3.62 billion, a PE ratio of -336.44 and a beta of 0.92. The stock has a 50-day moving average price of $40.19 and a 200-day moving average price of $28.94. Appian Corporation has a 12-month low of $18.63 and a 12-month high of $54.12.
Appian (NASDAQ:APPN – Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.13 earnings per share for the quarter. The company had revenue of $203.26 million for the quarter, compared to analysts’ expectations of $193.38 million. Appian had a negative net margin of 1.34% and a negative return on equity of 35.20%. Appian’s revenue for the quarter was up 19.1% on a year-over-year basis. Appian has set its FY 2026 guidance at 1.040-1.120 EPS and its Q3 2026 guidance at 0.310-0.350 EPS. As a group, analysts predict that Appian Corporation will post 0.46 earnings per share for the current year.
Analysts Set New Price Targets
Several research firms have issued reports on APPN. Zacks Research cut shares of Appian from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 6th. Morgan Stanley boosted their price target on shares of Appian from $25.00 to $32.00 and gave the company an “equal weight” rating in a research report on Friday, August 7th. Barclays upped their price target on shares of Appian from $26.00 to $30.00 and gave the stock an “underweight” rating in a report on Tuesday, October 13th. Wall Street Zen downgraded Appian from a “strong-buy” rating to a “buy” rating in a research report on Saturday, October 17th. Finally, DA Davidson increased their price objective on Appian from $34.00 to $42.00 and gave the stock a “neutral” rating in a research report on Friday, August 14th. One investment analyst has rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and an average target price of $32.17.
Read Our Latest Analysis on APPN
About Appian
Appian Corporation (NASDAQ: APPN) develops and provides a low-code platform designed to help organizations build, manage and automate business applications and processes. Its platform combines process orchestration, workflow automation, artificial intelligence, robotic process automation, case management and data management capabilities in a unified environment.
Appian’s software is used to improve operational efficiency, connect data and systems, and support applications such as customer service, compliance, supply chain management and government services.
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