Appian Corporation $APPN Shares Sold by Baillie Gifford & Co.

Key Points

• Baillie Gifford & Co. trimmed its stake in Appian by 5.3%, selling 52,868 shares to hold 941,106 shares (1.27% of the company) worth about $33.3 million at the end of the quarter.
• Appian beat recent quarterly expectations, reporting $0.15 EPS versus $0.11 expected and revenue of $202.87 million (up 21.7% year-over-year), and set FY2026 guidance of $0.820–0.960 EPS and Q1 2026 guidance of $0.160–0.200 EPS.
• The stock trades around $21.20 with a market cap of $1.57 billion and a 52-week range of $19.89–$46.06; analysts are mixed (2 Buy, 4 Hold, 2 Sell) with a MarketBeat consensus target of $30.

Baillie Gifford & Co. cut its holdings in Appian Corporation (NASDAQ:APPN - Free Report) by 5.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 941,106 shares of the company's stock after selling 52,868 shares during the period. Baillie Gifford & Co. owned 1.27% of Appian worth $33,334,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC lifted its holdings in Appian by 282.5% in the third quarter. EverSource Wealth Advisors LLC now owns 811 shares of the company's stock valued at $25,000 after acquiring an additional 599 shares during the last quarter. Legal & General Group Plc lifted its holdings in Appian by 1.7% in the third quarter. Legal & General Group Plc now owns 37,730 shares of the company's stock valued at $1,153,000 after acquiring an additional 632 shares during the last quarter. Allworth Financial LP lifted its holdings in Appian by 175.2% in the third quarter. Allworth Financial LP now owns 1,131 shares of the company's stock valued at $35,000 after acquiring an additional 720 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in Appian by 693.4% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 968 shares of the company's stock valued at $30,000 after acquiring an additional 846 shares during the last quarter. Finally, Jones Financial Companies Lllp lifted its holdings in Appian by 115.5% in the third quarter. Jones Financial Companies Lllp now owns 1,653 shares of the company's stock valued at $51,000 after acquiring an additional 886 shares during the last quarter. 52.70% of the stock is currently owned by institutional investors and hedge funds.

Appian Stock Up 4.8%

NASDAQ:APPN opened at $21.20 on Tuesday. The stock's fifty day moving average is $24.77 and its two-hundred day moving average is $30.99. Appian Corporation has a 52 week low of $19.89 and a 52 week high of $46.06. The stock has a market capitalization of $1.57 billion, a price-to-earnings ratio of 2,120.00 and a beta of 1.00.

Appian (NASDAQ:APPN - Get Free Report) last released its quarterly earnings results on Thursday, February 19th. The company reported $0.15 EPS for the quarter, topping analysts' consensus estimates of $0.11 by $0.04. Appian had a negative return on equity of 11.83% and a net margin of 0.17%.The company had revenue of $202.87 million for the quarter, compared to analysts' expectations of $189.33 million. The firm's revenue for the quarter was up 21.7% compared to the same quarter last year. Appian has set its FY 2026 guidance at 0.820-0.960 EPS and its Q1 2026 guidance at 0.160-0.200 EPS. On average, sell-side analysts expect that Appian Corporation will post -0.28 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently commented on APPN. Morgan Stanley set a $41.00 price objective on Appian in a report on Friday, February 20th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Appian in a report on Monday, December 29th. UBS Group set a $21.00 price target on Appian in a research note on Friday, February 20th. Zacks Research cut Appian from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, March 24th. Finally, Citigroup decreased their price target on Appian from $48.00 to $38.00 and set a "buy" rating on the stock in a research note on Friday, February 20th. Two research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $30.00.

About Appian

Appian Corporation is a global technology company specializing in low-code automation platforms designed to streamline business processes. Founded in 1999 by Matt Calkins, the company provides an integrated suite of tools that enables organizations to build enterprise applications and workflows rapidly with minimal hand coding. The platform combines process management, robotic process automation (RPA), artificial intelligence (AI) capabilities and data integration into a single environment, allowing businesses to accelerate digital transformation initiatives.

The core offering, the Appian Low-Code Platform, empowers users—ranging from professional developers to business analysts—to visually model, design and deploy applications that can automate complex operations, orchestrate tasks across systems, and deliver real-time analytics.

Want to see what other hedge funds are holding APPN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Appian Corporation (NASDAQ:APPN - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.