Appian Co. (NASDAQ:APPN) Stock Holdings Boosted by Algert Global LLC

Algert Global LLC lifted its stake in shares of Appian Co. (NASDAQ:APPN - Free Report) by 28.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 64,394 shares of the company's stock after acquiring an additional 14,319 shares during the period. Algert Global LLC owned 0.08% of Appian worth $2,124,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Barclays PLC raised its stake in Appian by 285.9% during the third quarter. Barclays PLC now owns 71,771 shares of the company's stock worth $2,451,000 after purchasing an additional 53,172 shares during the period. Raymond James Financial Inc. acquired a new position in Appian in the fourth quarter valued at $1,688,000. Geode Capital Management LLC boosted its holdings in Appian by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 972,203 shares of the company's stock valued at $32,071,000 after acquiring an additional 14,710 shares during the last quarter. Handelsbanken Fonder AB grew its position in Appian by 14.7% during the fourth quarter. Handelsbanken Fonder AB now owns 8,600 shares of the company's stock valued at $284,000 after acquiring an additional 1,100 shares during the period. Finally, Vanguard Group Inc. increased its stake in Appian by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 5,028,472 shares of the company's stock worth $165,839,000 after acquiring an additional 23,890 shares during the last quarter. 52.70% of the stock is owned by institutional investors and hedge funds.

Appian Stock Down 1.1 %

Shares of Appian stock traded down $0.34 during trading hours on Friday, hitting $31.69. 794,974 shares of the company's stock traded hands, compared to its average volume of 553,858. Appian Co. has a twelve month low of $24.00 and a twelve month high of $43.33. The company has a market cap of $2.35 billion, a PE ratio of -25.15 and a beta of 1.83. The stock has a 50 day simple moving average of $29.40 and a 200-day simple moving average of $33.34.

Appian (NASDAQ:APPN - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.12. Appian had a negative return on equity of 532.05% and a negative net margin of 14.95%. The firm's revenue for the quarter was up 11.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.24) EPS. As a group, equities research analysts predict that Appian Co. will post -0.28 EPS for the current year.

Insider Transactions at Appian

In other news, major shareholder Abdiel Capital Advisors, Lp sold 5,103 shares of the business's stock in a transaction that occurred on Wednesday, April 16th. The stock was sold at an average price of $27.02, for a total value of $137,883.06. Following the completion of the sale, the insider now directly owns 9,755,116 shares in the company, valued at approximately $263,583,234.32. The trade was a 0.05 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Albert G.W. Biddle III sold 990 shares of the company's stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $33.21, for a total value of $32,877.90. Following the sale, the director now directly owns 29,348 shares in the company, valued at approximately $974,647.08. This represents a 3.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 240,510 shares of company stock valued at $6,648,635. Insiders own 43.00% of the company's stock.

Analyst Ratings Changes

APPN has been the subject of a number of research reports. Barclays boosted their target price on Appian from $28.00 to $33.00 and gave the stock an "underweight" rating in a report on Friday. KeyCorp reiterated a "sector weight" rating on shares of Appian in a research note on Tuesday, January 14th. DA Davidson raised their target price on shares of Appian from $28.00 to $35.00 and gave the company a "neutral" rating in a research note on Friday. Citigroup decreased their price target on shares of Appian from $53.00 to $40.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. Finally, Scotiabank cut their price objective on Appian from $37.00 to $34.00 and set a "sector perform" rating on the stock in a research report on Thursday, April 24th. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $36.14.

Appian Profile

Appian Corporation, a software company that provides low-code design platform in the United States, Mexico, Portugal, and internationally. The company's platform offers artificial intelligence, process automation, data fabric, and process mining. It provides The Appian Platform, an integrated automation platform that enables organizations to design, automate, and optimize mission-critical business processes.