Hsbc Holdings PLC Invests $533,000 in Appian Corporation $APPN

Hsbc Holdings PLC purchased a new position in shares of Appian Corporation (NASDAQ:APPN - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 18,715 shares of the company's stock, valued at approximately $533,000.

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

Analyst Upgrades and Downgrades

APPN has been the subject of a number of analyst reports. DA Davidson initiated coverage on Appian in a research report on Friday, August 8th. They issued a "neutral" rating and a $30.00 price target for the company. Zacks Research raised shares of Appian to a "strong-buy" rating in a research report on Monday, August 11th. Barclays upped their price objective 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. Morgan Stanley upped their price objective 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, Citigroup upped their price objective on shares of Appian from $40.00 to $41.00 and gave the stock a "buy" rating in a research report on Tuesday, May 13th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $33.40.

Appian Trading Up 1.7%

Shares of APPN stock traded up $0.51 during trading on Friday, reaching $30.43. 916,680 shares of the company's stock traded hands, compared to its average volume of 682,975. The company has a market capitalization of $2.25 billion, a P/E ratio of -132.36 and a beta of 1.71. Appian Corporation has a 1 year low of $24.00 and a 1 year high of $43.33. The firm's 50-day moving average is $29.45 and its 200 day moving average is $30.07.

Appian (NASDAQ:APPN - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported ($0.14) earnings per share for the quarter, missing analysts' consensus estimates of ($0.13) by ($0.01). The business had revenue of $170.64 million during the quarter, compared to analyst estimates of $160.01 million. The firm's quarterly revenue was up 16.5% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.26) earnings per share. Appian has set its FY 2025 guidance at 0.280-0.360 EPS. Q3 2025 guidance at 0.030-0.070 EPS. As a group, sell-side analysts predict that Appian Corporation will post -0.28 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Appian news, major shareholder Abdiel Capital Advisors, Lp sold 56,500 shares of Appian stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $32.05, for a total transaction of $1,810,825.00. Following the completion of the transaction, the insider owned 7,796,941 shares of the company's stock, valued at $249,891,959.05. The trade was a 0.72% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Over the last ninety days, insiders sold 116,950 shares of company stock worth $3,718,978. 43.00% of the stock is owned by insiders.

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.