Acadian Asset Management LLC Acquires New Position in Appian Corporation $APPN

Key Points

• Acadian Asset Management LLC acquired a new position in Appian Corporation, purchasing 79,933 shares valued at approximately $2.3 million.
• Institutional investors and hedge funds now own 52.70% of Appian's stock, with notable acquisitions by Jones Financial Companies and Hawk Ridge Capital Management.
• Analysts have set a consensus price target of $33.40 for Appian, with a rating of "Hold" from multiple brokerages.

Acadian Asset Management LLC purchased a new position in shares of Appian Corporation (NASDAQ:APPN - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 79,933 shares of the company's stock, valued at approximately $2,300,000. Acadian Asset Management LLC owned about 0.11% of Appian as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of APPN. Jones Financial Companies Lllp increased its position in Appian by 347,121.5% during the first quarter. Jones Financial Companies Lllp now owns 1,579,858 shares of the company's stock worth $45,516,000 after purchasing an additional 1,579,403 shares during the last quarter. Hawk Ridge Capital Management LP acquired a new position in Appian during the first quarter worth approximately $7,557,000. Jacobs Levy Equity Management Inc. acquired a new position in Appian during the first quarter worth approximately $7,166,000. AQR Capital Management LLC increased its position in Appian by 368.8% during the first quarter. AQR Capital Management LLC now owns 199,869 shares of the company's stock worth $5,758,000 after purchasing an additional 157,233 shares during the last quarter. Finally, Trexquant Investment LP increased its position in Appian by 87.5% during the first quarter. Trexquant Investment LP now owns 311,753 shares of the company's stock worth $8,982,000 after purchasing an additional 145,450 shares during the last quarter. Institutional investors and hedge funds own 52.70% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently commented on APPN. DA Davidson began coverage on shares of Appian in a research report on Friday, August 8th. They set a "neutral" rating and a $30.00 price target for the company. Zacks Research lowered shares of Appian from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, September 9th. One equities research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, Appian has a consensus rating of "Hold" and a consensus price target of $33.40.

Appian Price Performance

Appian stock opened at $30.80 on Tuesday. The company has a market cap of $2.28 billion, a PE ratio of -133.91 and a beta of 1.71. Appian Corporation has a 12 month low of $24.00 and a 12 month high of $43.33. The company has a fifty day moving average price of $29.61 and a two-hundred day moving average price of $29.92.

Appian (NASDAQ:APPN - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported ($0.14) earnings per share (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. The business's revenue was up 16.5% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.26) EPS. Appian has set its FY 2025 guidance at 0.280-0.360 EPS. Q3 2025 guidance at 0.030-0.070 EPS. Equities research analysts anticipate that Appian Corporation will post -0.28 earnings per share for the current year.

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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