Jacobs Levy Equity Management Inc. Acquires New Shares in Appian Corporation $APPN

Jacobs Levy Equity Management Inc. acquired a new stake in Appian Corporation (NASDAQ:APPN - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 248,730 shares of the company's stock, valued at approximately $7,166,000. Jacobs Levy Equity Management Inc. owned approximately 0.34% of Appian as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in APPN. Northern Trust Corp raised its stake in shares of Appian by 3.5% in the 4th quarter. Northern Trust Corp now owns 363,921 shares of the company's stock valued at $12,002,000 after acquiring an additional 12,337 shares in the last quarter. Schonfeld Strategic Advisors LLC bought a new position in Appian in the 4th quarter worth approximately $320,000. Ameriprise Financial Inc. bought a new position in Appian in the 4th quarter worth approximately $268,000. Benjamin Edwards Inc. increased its position in Appian by 16.0% in the 4th quarter. Benjamin Edwards Inc. now owns 14,500 shares of the company's stock worth $478,000 after buying an additional 2,000 shares during the period. Finally, Cubist Systematic Strategies LLC bought a new position in Appian in the 4th quarter worth approximately $2,571,000. 52.70% of the stock is owned by institutional investors.

Appian Stock Performance

Appian stock traded down $0.72 on Friday, reaching $30.78. The company's stock had a trading volume of 520,019 shares, compared to its average volume of 833,139. The company has a market cap of $2.28 billion, a price-to-earnings ratio of -133.82 and a beta of 1.71. The business's fifty day moving average price is $29.62 and its 200 day moving average price is $29.95. Appian Corporation has a twelve month low of $24.00 and a twelve month high of $43.33.

Appian (NASDAQ:APPN - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported ($0.14) EPS 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 the consensus estimate of $160.01 million. During the same quarter in the prior year, the company posted ($0.26) earnings per share. The business's quarterly revenue was up 16.5% on a year-over-year basis. 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, equities analysts forecast that Appian Corporation will post -0.28 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have commented on the company. DA Davidson assumed coverage on Appian in a research report on Friday, August 8th. They issued a "neutral" rating and a $30.00 price target on the stock. Zacks Research lowered Appian from a "strong-buy" rating to a "hold" rating in a research note on Tuesday. One investment analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $33.40.

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.