248,730 Shares in Appian Corporation $APPN Acquired by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. purchased a new position in Appian Corporation (NASDAQ:APPN - Free Report) during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 248,730 shares of the company's stock, valued at approximately $7,166,000. Jacobs Levy Equity Management Inc. owned 0.34% of Appian at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. D. E. Shaw & Co. Inc. increased its holdings in Appian by 19.2% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 658,654 shares of the company's stock worth $21,722,000 after buying an additional 106,023 shares during the period. Northern Trust Corp increased its holdings in Appian by 3.5% in the 4th quarter. Northern Trust Corp now owns 363,921 shares of the company's stock worth $12,002,000 after acquiring an additional 12,337 shares in the last quarter. Harber Asset Management LLC grew its holdings in shares of Appian by 46.2% during the first quarter. Harber Asset Management LLC now owns 340,297 shares of the company's stock worth $9,804,000 after buying an additional 107,602 shares in the last quarter. Trexquant Investment LP boosted its position in shares of Appian by 87.5% during the 1st quarter. Trexquant Investment LP now owns 311,753 shares of the company's stock valued at $8,982,000 after acquiring an additional 145,450 shares during the last quarter. Finally, Hawk Ridge Capital Management LP acquired a new position in shares of Appian during the 1st quarter valued at about $7,557,000. Institutional investors and hedge funds own 52.70% of the company's stock.

Insider Buying and Selling

In other Appian news, major shareholder Abdiel Capital Advisors, Lp sold 50,000 shares of the company's stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $31.59, for a total value of $1,579,500.00. Following the transaction, the insider owned 7,746,941 shares of the company's stock, valued at $244,725,866.19. This represents a 0.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 44.00% of the stock is owned by insiders.

Appian Price Performance

NASDAQ APPN opened at $30.57 on Monday. The firm's 50-day moving average is $29.48 and its two-hundred day moving average is $29.98. Appian Corporation has a 12 month low of $24.00 and a 12 month high of $43.33. The stock has a market capitalization of $2.26 billion, a P/E ratio of -132.91 and a beta of 1.71.

Appian (NASDAQ:APPN - Get Free Report) last posted its earnings results 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 for the quarter, compared to the consensus estimate of $160.01 million. During the same quarter in the prior year, the firm earned ($0.26) earnings per share. 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. As a group, analysts anticipate that Appian Corporation will post -0.28 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. DA Davidson assumed coverage on shares of Appian in a research report on Friday, August 8th. They set a "neutral" rating and a $30.00 price target on the stock. Citigroup boosted their price target 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. Finally, Zacks Research raised shares of Appian to a "strong-buy" rating in a research report on Monday, August 11th. 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 issued a Sell rating to the company's stock. According to MarketBeat.com, Appian presently has an average rating of "Hold" and a consensus 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.

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