Harber Asset Management LLC reduced its holdings in Appian Corporation (NASDAQ:APPN – Free Report) by 47.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 189,453 shares of the company’s stock after selling 172,371 shares during the quarter. Appian makes up approximately 2.8% of Harber Asset Management LLC’s holdings, making the stock its 22nd largest holding. Harber Asset Management LLC’s holdings in Appian were worth $6,710,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also modified their holdings of the business. State of Wyoming boosted its holdings in shares of Appian by 55.0% in the 4th quarter. State of Wyoming now owns 1,462 shares of the company’s stock worth $52,000 after acquiring an additional 519 shares in the last quarter. ProShare Advisors LLC boosted its holdings in shares of Appian by 7.8% in the 4th quarter. ProShare Advisors LLC now owns 7,481 shares of the company’s stock worth $265,000 after acquiring an additional 543 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Appian by 282.5% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 811 shares of the company’s stock worth $25,000 after acquiring an additional 599 shares in the last quarter. Legal & General Group Plc boosted its holdings in shares of Appian by 1.7% in the 3rd quarter. Legal & General Group Plc now owns 37,730 shares of the company’s stock worth $1,153,000 after acquiring an additional 632 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Appian by 4.7% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 15,214 shares of the company’s stock worth $539,000 after acquiring an additional 681 shares in the last quarter. 52.70% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several research analysts have recently commented on the company. Barclays boosted their target price on Appian from $21.00 to $23.00 and gave the stock an “underweight” rating in a report on Friday, May 8th. Weiss Ratings restated a “sell (d)” rating on shares of Appian in a research report on Wednesday, May 20th. DA Davidson dropped their price objective on shares of Appian from $25.00 to $22.00 and set a “neutral” rating for the company in a research report on Friday, May 15th. Citigroup dropped their price objective on shares of Appian from $38.00 to $37.00 and set a “buy” rating for the company in a research report on Friday, May 8th. Finally, UBS Group set a $25.00 price objective on shares of Appian in a research report on Thursday, April 30th. One analyst has rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average price target of $26.00.
Appian Stock Up 1.6%
APPN opened at $24.01 on Friday. Appian Corporation has a 12 month low of $18.63 and a 12 month high of $46.06. The company has a fifty day simple moving average of $22.35 and a 200 day simple moving average of $27.74. The stock has a market cap of $1.76 billion, a P/E ratio of 2,403.40 and a beta of 0.90.
Appian (NASDAQ:APPN – Get Free Report) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.08. Appian had a net margin of 0.12% and a negative return on equity of 26.12%. The business had revenue of $202.18 million during the quarter, compared to analysts’ expectations of $191.57 million. During the same quarter in the prior year, the company earned $0.13 EPS. The firm’s quarterly revenue was up 21.5% on a year-over-year basis. Appian has set its FY 2026 guidance at 0.940-1.050 EPS and its Q2 2026 guidance at -0.020-0.020 EPS. On average, equities research analysts expect that Appian Corporation will post 0.25 earnings per share for the current fiscal year.
Insiders Place Their Bets
In related news, CRO Mark Dorsey bought 5,227 shares of Appian stock in a transaction that occurred on Wednesday, May 13th. The stock was purchased at an average cost of $19.13 per share, with a total value of $99,992.51. Following the purchase, the executive owned 13,993 shares in the company, valued at approximately $267,686.09. This trade represents a 59.63% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 43.00% of the company’s stock.
About Appian
Appian Corporation is a global technology company specializing in low-code automation platforms designed to streamline business processes. Founded in 1999 by Matt Calkins, the company provides an integrated suite of tools that enables organizations to build enterprise applications and workflows rapidly with minimal hand coding. The platform combines process management, robotic process automation (RPA), artificial intelligence (AI) capabilities and data integration into a single environment, allowing businesses to accelerate digital transformation initiatives.
The core offering, the Appian Low-Code Platform, empowers users—ranging from professional developers to business analysts—to visually model, design and deploy applications that can automate complex operations, orchestrate tasks across systems, and deliver real-time analytics.
Featured Articles
- Five stocks we like better than Appian
- Time to Sell? 3 Winners With Fading Technical Momentum
- Why These 2 Hotel Stocks Are Beating Travel Peers
- This Energy Stock Has Quietly Soared 130% in a Year
- 3 ‘Boring’ Dividend Stocks With Tasty Technical Setups
Want to see what other hedge funds are holding APPN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Appian Corporation (NASDAQ:APPN – Free Report).
Receive News & Ratings for Appian Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Appian and related companies with MarketBeat.com's FREE daily email newsletter.
