10,400 Shares in Appian Co. (NASDAQ:APPN) Acquired by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd purchased a new position in shares of Appian Co. (NASDAQ:APPN - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 10,400 shares of the company's stock, valued at approximately $343,000.

A number of other hedge funds have also modified their holdings of the company. Oppenheimer & Co. Inc. increased its holdings in Appian by 5.1% in the 4th quarter. Oppenheimer & Co. Inc. now owns 8,200 shares of the company's stock worth $270,000 after acquiring an additional 400 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Appian by 0.6% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 80,242 shares of the company's stock worth $2,739,000 after purchasing an additional 491 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in shares of Appian by 3.3% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 21,688 shares of the company's stock worth $740,000 after purchasing an additional 686 shares during the last quarter. Handelsbanken Fonder AB raised its position in shares of Appian by 14.7% during the 4th quarter. Handelsbanken Fonder AB now owns 8,600 shares of the company's stock worth $284,000 after purchasing an additional 1,100 shares during the last quarter. Finally, FMR LLC lifted its stake in Appian by 199.4% in the 3rd quarter. FMR LLC now owns 5,935 shares of the company's stock valued at $203,000 after buying an additional 3,953 shares in the last quarter. 52.70% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Appian news, major shareholder Abdiel Capital Advisors, Lp sold 78,528 shares of the business's stock in a transaction that occurred on Friday, April 4th. The stock was sold at an average price of $26.49, for a total value of $2,080,206.72. Following the sale, the insider now owns 9,942,140 shares of the company's stock, valued at $263,367,288.60. The trade was a 0.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Albert G.W. Biddle III sold 990 shares of the firm's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $33.21, for a total value of $32,877.90. Following the transaction, the director now owns 29,348 shares of the company's stock, 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. Over the last three months, insiders sold 202,407 shares of company stock worth $5,616,122. Company insiders own 44.00% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. KeyCorp reissued a "sector weight" rating on shares of Appian in a report on Tuesday, January 14th. DA Davidson reduced their price objective on Appian from $40.00 to $28.00 and set a "neutral" rating for the company in a research note on Monday. Finally, Scotiabank assumed coverage on Appian in a report on Monday, January 6th. They issued a "sector perform" rating and a $37.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $36.80.

Appian Trading Up 1.1 %

NASDAQ:APPN traded up $0.31 during trading hours on Tuesday, hitting $27.46. The company had a trading volume of 79,656 shares, compared to its average volume of 549,487. Appian Co. has a 1 year low of $24.00 and a 1 year high of $43.33. The company has a market cap of $2.03 billion, a P/E ratio of -21.79 and a beta of 1.78. The company has a 50-day moving average of $30.73 and a 200 day moving average of $33.68.

Appian (NASDAQ:APPN - Get Free Report) last released its quarterly earnings data on Wednesday, February 19th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.11). The firm had revenue of $166.70 million for the quarter, compared to analyst estimates of $164.31 million. Appian had a negative return on equity of 532.05% and a negative net margin of 14.95%. Appian's revenue for the quarter was up 14.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.06 earnings per share. On average, analysts forecast that Appian Co. will post -0.28 earnings per share for the current year.

About Appian

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.