Vanguard Group Inc. Has $144.27 Million Holdings in Appian Corporation $APPN

Key Points

• Vanguard Group Inc. has reduced its stake in Appian Corporation by 0.4%, owning approximately 6.76% of the company, worth $144.3 million after selling 20,993 shares in the 1st quarter.
• Appian's stock has seen varying analyst opinions, with target prices ranging from $27.00 to $41.00, and a consensus rating of "Hold."
• In its latest earnings report, Appian missed estimates for earnings per share but reported a 16.5% year-over-year increase in revenue, totaling $170.64 million.

Vanguard Group Inc. trimmed its holdings in Appian Corporation (NASDAQ:APPN - Free Report) by 0.4% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,007,479 shares of the company's stock after selling 20,993 shares during the period. Vanguard Group Inc. owned 6.76% of Appian worth $144,265,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. US Bancorp DE grew its position in Appian by 215.4% in the first quarter. US Bancorp DE now owns 6,506 shares of the company's stock worth $187,000 after acquiring an additional 4,443 shares in the last quarter. XTX Topco Ltd boosted its holdings in shares of Appian by 76.3% during the 1st quarter. XTX Topco Ltd now owns 20,994 shares of the company's stock worth $605,000 after buying an additional 9,085 shares during the period. IVY Lane Capital Management LLC bought a new stake in shares of Appian during the 1st quarter worth $2,305,000. Cornerstone Advisory LLC boosted its holdings in shares of Appian by 4.4% during the 1st quarter. Cornerstone Advisory LLC now owns 31,162 shares of the company's stock worth $956,000 after buying an additional 1,322 shares during the period. Finally, Allianz Asset Management GmbH boosted its holdings in shares of Appian by 38.7% during the 1st quarter. Allianz Asset Management GmbH now owns 8,600 shares of the company's stock worth $248,000 after buying an additional 2,400 shares during the period. 52.70% of the stock is owned by institutional investors.

Appian Trading Down 1.7%

Shares of Appian stock traded down $0.49 during mid-day trading on Tuesday, reaching $28.62. 627,361 shares of the stock were exchanged, compared to its average volume of 1,189,739. The company has a market cap of $2.12 billion, a price-to-earnings ratio of -124.43 and a beta of 1.75. The firm has a 50-day simple moving average of $29.23 and a 200 day simple moving average of $30.18. Appian Corporation has a fifty-two week low of $24.00 and a fifty-two week high of $43.33.

Appian (NASDAQ:APPN - Get Free Report) last announced 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 company had revenue of $170.64 million for the quarter, compared to analyst estimates of $160.01 million. The firm's quarterly revenue was up 16.5% compared to the same quarter last year. During the same period in the prior year, the business 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. On average, research analysts predict that Appian Corporation will post -0.28 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

APPN has been the subject of several recent analyst reports. Citigroup upped their price objective on shares of Appian from $40.00 to $41.00 and gave the stock a "buy" rating in a report on Tuesday, May 13th. Barclays increased their price target on shares of Appian from $28.00 to $33.00 and gave the company an "underweight" rating in a report on Friday, May 9th. Zacks Research raised shares of Appian to a "strong-buy" rating in a report on Monday, August 11th. DA Davidson assumed coverage on shares of Appian in a report on Friday, August 8th. They issued a "neutral" rating and a $30.00 price target for the company. Finally, Morgan Stanley increased their price target on shares of Appian from $27.00 to $29.00 and gave the company an "equal weight" rating in a report on Friday, May 9th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $33.40.

Insider Activity

In related news, major shareholder Abdiel Capital Advisors, Lp sold 10,450 shares of the stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of $31.45, for a total transaction of $328,652.50. Following the completion of the sale, the insider owned 7,736,491 shares in the company, valued at $243,312,641.95. This trade represents a 0.13% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In the last ninety days, insiders have sold 1,389,344 shares of company stock worth $44,228,743. Company insiders own 44.00% of the company's stock.

About Appian

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.