Appian Corporation $APPN Shares Sold by Janus Henderson Group PLC

Key Points

• Janus Henderson Group reduced its Appian stake by 65.7% in the first quarter, selling 29,015 shares and retaining 15,165 shares valued at approximately $365,000. Institutional investors and hedge funds collectively own 52.7% of APPN.
• Appian reported quarterly revenue of $203.26 million, up 19.1% year over year and above analysts’ $193.38 million estimate, while posting $0.13 in EPS. The stock opened at $35.58, well above its 50- and 200-day moving averages near $25.
• Analyst sentiment remains cautious: APPN has a consensus rating of “Reduce” and an average price target of $29.67. Recent insider activity was mixed, with the CEO selling 50,000 shares while the chief revenue officer purchased 5,227 shares.

Janus Henderson Group PLC lessened its stake in shares of Appian Corporation (NASDAQ:APPN - Free Report) by 65.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,165 shares of the company's stock after selling 29,015 shares during the quarter. Janus Henderson Group PLC's holdings in Appian were worth $365,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in APPN. State of Wyoming raised its stake in shares of Appian by 55.0% in the 4th quarter. State of Wyoming now owns 1,462 shares of the company's stock valued at $52,000 after acquiring an additional 519 shares during the period. ProShare Advisors LLC lifted its holdings in shares of Appian by 7.8% in the 4th quarter. ProShare Advisors LLC now owns 7,481 shares of the company's stock worth $265,000 after acquiring an additional 543 shares during the last quarter. Legal & General Group Plc boosted its position in shares of Appian by 1.7% during the 3rd quarter. Legal & General Group Plc now owns 37,730 shares of the company's stock worth $1,153,000 after purchasing an additional 632 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Appian by 4.7% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 15,214 shares of the company's stock worth $539,000 after purchasing an additional 681 shares during the period. Finally, Aster Capital Management DIFC Ltd acquired a new stake in Appian in the 4th quarter valued at approximately $30,000. 52.70% of the stock is currently owned by institutional investors and hedge funds.

Appian Stock Performance

APPN stock opened at $35.58 on Tuesday. The company's 50 day moving average price is $24.90 and its 200 day moving average price is $24.36. Appian Corporation has a fifty-two week low of $18.63 and a fifty-two week high of $46.06. The firm has a market capitalization of $2.61 billion, a price-to-earnings ratio of -237.18 and a beta of 0.84.

Appian (NASDAQ:APPN - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.13 earnings per share (EPS) for the quarter. Appian had a negative net margin of 1.34% and a negative return on equity of 35.20%. The company had revenue of $203.26 million during the quarter, compared to the consensus estimate of $193.38 million. The business's quarterly revenue was up 19.1% compared to the same quarter last year. Appian has set its FY 2026 guidance at 1.040-1.120 EPS and its Q3 2026 guidance at 0.310-0.350 EPS. Equities analysts forecast that Appian Corporation will post 0.36 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Matthew W. Calkins sold 50,000 shares of Appian stock in a transaction on Tuesday, July 7th. The shares were sold at an average price of $24.72, for a total transaction of $1,236,000.00. Following the completion of the sale, the chief executive officer directly owned 1,719,144 shares of the company's stock, valued at approximately $42,497,239.68. The trade was a 2.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CRO Mark Dorsey bought 5,227 shares of the stock in a transaction that occurred on Wednesday, May 13th. The shares were purchased at an average price of $19.13 per share, with a total value of $99,992.51. Following the purchase, the executive owned 13,993 shares of the company's stock, valued at approximately $267,686.09. This represents a 59.63% increase in their position. The SEC filing for this purchase provides additional information. 42.81% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. DA Davidson boosted their target price on Appian from $22.00 to $34.00 and gave the company a "neutral" rating in a research report on Friday. UBS Group set a $25.00 price target on Appian in a research report on Thursday, April 30th. Barclays lifted their price objective on Appian from $21.00 to $23.00 and gave the company an "underweight" rating in a research note on Friday, May 8th. Zacks Research lowered Appian from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 21st. Finally, TD Cowen lowered their target price on Appian from $27.00 to $24.00 and set a "hold" rating for the company in a report on Friday, May 15th. One analyst has rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of "Reduce" and a consensus price target of $29.67.

Appian Company Profile

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.

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