9,773 Shares in Appian Corporation $APPN Purchased by Jump Financial LLC

Key Points

• Jump Financial LLC has acquired a new position in Appian Corporation, purchasing 9,773 shares valued at approximately $282,000.
• Appian reported a quarterly revenue of $170.64 million, exceeding analyst estimates, but missed earnings expectations with an EPS of ($0.14).
• Analysts have mixed ratings on Appian's stock, with a consensus price target of $33.40 and ratings ranging from "Strong Buy" to "Sell."

Jump Financial LLC purchased a new position in Appian Corporation (NASDAQ:APPN - Free Report) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 9,773 shares of the company's stock, valued at approximately $282,000.

A number of other institutional investors and hedge funds have also made changes to their positions in APPN. EntryPoint Capital LLC bought a new position in Appian in the first quarter worth about $482,000. MIG Capital LLC bought a new stake in shares of Appian during the first quarter valued at approximately $528,000. Hsbc Holdings PLC bought a new position in Appian in the first quarter valued at approximately $533,000. Versor Investments LP increased its stake in Appian by 33.8% in the 1st quarter. Versor Investments LP now owns 23,285 shares of the company's stock valued at $671,000 after buying an additional 5,885 shares during the last quarter. Finally, Algert Global LLC boosted its holdings in shares of Appian by 21.5% during the 1st quarter. Algert Global LLC now owns 78,234 shares of the company's stock worth $2,254,000 after buying an additional 13,840 shares during the period. 52.70% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Appian

In related news, major shareholder Abdiel Capital Advisors, Lp sold 10,450 shares of the company's stock in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of $31.45, for a total transaction of $328,652.50. Following the transaction, the insider directly owned 7,736,491 shares of the company's stock, valued at approximately $243,312,641.95. This represents a 0.13% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 44.00% of the stock is currently owned by company insiders.

Appian Stock Performance

Shares of NASDAQ APPN traded up $1.46 during mid-day trading on Monday, reaching $32.03. 763,602 shares of the company traded hands, compared to its average volume of 685,636. The company's fifty day moving average is $29.48 and its two-hundred day moving average is $29.98. Appian Corporation has a fifty-two week low of $24.00 and a fifty-two week high of $43.33. The stock has a market cap of $2.37 billion, a PE ratio of -139.14 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 the consensus estimate of ($0.13) by ($0.01). The company had revenue of $170.64 million during the quarter, compared to analyst estimates of $160.01 million. During the same period in the previous year, the business earned ($0.26) EPS. Appian's revenue for the quarter 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. Research analysts forecast that Appian Corporation will post -0.28 earnings per share for the current year.

Analyst Ratings Changes

APPN has been the subject of several analyst reports. Zacks Research raised shares of Appian to a "strong-buy" rating in a report on Monday, August 11th. DA Davidson initiated coverage on shares of Appian in a research note on Friday, August 8th. They set a "neutral" rating and a $30.00 price objective for the company. Finally, Citigroup upped their target price 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. One equities 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. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price 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.