Nuveen LLC Buys Shares of 104,381 Appian Corporation $APPN

Key Points

• Nuveen LLC has acquired 104,381 shares of Appian Corporation, valued at approximately $3,007,000, representing about 0.14% of the company's total stock as of the latest reporting period.
• Appian's stock has fluctuated between a 52-week low of $24.00 and a high of $43.33, while currently trading at approximately $30.71.
• Recent analyst ratings for Appian include a "strong-buy" from Zacks Research and a price target increase by Citigroup from $40.00 to $41.00, reflecting positive outlooks from several financial institutions.

Nuveen LLC purchased a new stake in Appian Corporation (NASDAQ:APPN - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 104,381 shares of the company's stock, valued at approximately $3,007,000. Nuveen LLC owned 0.14% of Appian as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Point72 Hong Kong Ltd acquired a new stake in Appian in the fourth quarter valued at approximately $35,000. Concord Wealth Partners grew its position in Appian by 21.7% in the first quarter. Concord Wealth Partners now owns 2,581 shares of the company's stock valued at $74,000 after acquiring an additional 461 shares in the last quarter. Headlands Technologies LLC grew its position in Appian by 2,052.0% in the first quarter. Headlands Technologies LLC now owns 4,218 shares of the company's stock valued at $122,000 after acquiring an additional 4,022 shares in the last quarter. US Bancorp DE grew its position in Appian by 215.4% in the first quarter. US Bancorp DE now owns 6,506 shares of the company's stock valued at $187,000 after acquiring an additional 4,443 shares in the last quarter. Finally, CWM LLC grew its position in Appian by 685.9% in the first quarter. CWM LLC now owns 7,788 shares of the company's stock valued at $224,000 after acquiring an additional 6,797 shares in the last quarter. Institutional investors and hedge funds own 52.70% of the company's stock.

Insider Transactions at Appian

In related news, major shareholder Abdiel Capital Advisors, Lp sold 225,720 shares of the firm's stock in a transaction on Friday, June 6th. The stock was sold at an average price of $32.21, for a total transaction of $7,270,441.20. Following the transaction, the insider directly owned 7,853,441 shares in the company, valued at $252,959,334.61. This trade represents a 2.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders sold 568,285 shares of company stock worth $18,242,941 in the last quarter. Company insiders own 44.00% of the company's stock.

Analyst Ratings Changes

Several brokerages have issued reports on APPN. Zacks Research raised shares of Appian to a "strong-buy" rating in a research report on Monday, August 11th. DA Davidson began coverage on shares of Appian in a research report on Friday, August 8th. They issued a "neutral" rating and a $30.00 price objective for the company. Citigroup increased their price objective on shares of Appian from $40.00 to $41.00 and gave the company a "buy" rating in a research report on Tuesday, May 13th. Morgan Stanley raised their price target on shares of Appian from $27.00 to $29.00 and gave the stock an "equal weight" rating in a research report on Friday, May 9th. Finally, Barclays raised their price target on shares of Appian from $28.00 to $33.00 and gave the stock an "underweight" rating in a research report on Friday, May 9th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $33.40.

Appian Stock Performance

Shares of APPN stock traded up $0.09 during mid-day trading on Wednesday, reaching $30.77. 1,104,395 shares of the company were exchanged, compared to its average volume of 1,164,053. The business's 50 day simple moving average is $29.42 and its 200 day simple moving average is $30.09. Appian Corporation has a fifty-two week low of $24.00 and a fifty-two week high of $43.33. The company has a market capitalization of $2.28 billion, a P/E ratio of -133.78 and a beta of 1.71.

Appian (NASDAQ:APPN - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($0.01). The company had revenue of $170.64 million during the quarter, compared to analysts' expectations of $160.01 million. During the same quarter in the previous year, the business earned ($0.26) EPS. Appian's revenue was up 16.5% compared to the same quarter last year. Appian has set its FY 2025 guidance at 0.280-0.360 EPS. Q3 2025 guidance at 0.030-0.070 EPS. On average, analysts forecast that Appian Corporation will post -0.28 EPS for the current year.

Appian Company 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.