Calamos Advisors LLC Makes New $2.04 Million Investment in Appian Corporation $APPN

Calamos Advisors LLC acquired a new stake in Appian Corporation (NASDAQ:APPN - Free Report) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 57,754 shares of the company's stock, valued at approximately $2,037,000. Calamos Advisors LLC owned approximately 0.08% of Appian at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in APPN. IFP Advisors Inc boosted its position in shares of Appian by 35.5% during the second quarter. IFP Advisors Inc now owns 1,108 shares of the company's stock worth $25,000 after buying an additional 290 shares during the period. KBC Group NV bought a new stake in Appian in the 1st quarter valued at approximately $31,000. Sterling Capital Management LLC lifted its stake in Appian by 820.0% in the 3rd quarter. Sterling Capital Management LLC now owns 1,288 shares of the company's stock valued at $45,000 after acquiring an additional 1,148 shares in the last quarter. Allworth Financial LP lifted its stake in Appian by 15.0% in the 2nd quarter. Allworth Financial LP now owns 2,678 shares of the company's stock valued at $61,000 after acquiring an additional 350 shares in the last quarter. Finally, Integrated Wealth Concepts LLC acquired a new position in Appian during the 2nd quarter worth approximately $63,000. 52.70% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

APPN has been the subject of several research reports. Citigroup raised their price target on shares of Appian from $40.00 to $69.00 and gave the stock a "buy" rating in a research note on Friday. William Blair raised shares of Appian from a "hold" rating to an "outperform" rating in a research report on Thursday. DA Davidson increased their target price on shares of Appian from $42.00 to $60.00 and gave the stock a "neutral" rating in a report on Friday. Morgan Stanley increased their target price on shares of Appian from $25.00 to $32.00 and gave the stock an "equal weight" rating in a report on Friday, August 7th. Finally, Zacks Research downgraded shares of Appian from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, October 6th. Two investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $44.33.

Appian Stock Down 0.9%

Shares of Appian stock opened at $51.15 on Tuesday. Appian Corporation has a 12-month low of $18.63 and a 12-month high of $56.38. The stock has a market cap of $3.66 billion, a P/E ratio of 166.07 and a beta of 0.84. The business's 50 day moving average is $41.71 and its 200-day moving average is $29.65.

Appian (NASDAQ:APPN - Get Free Report) last released its earnings results on Thursday, November 5th. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.18. Appian had a negative net margin of 1.34% and a negative return on equity of 35.20%. The business had revenue of $234.63 million during the quarter, compared to analysts' expectations of $216.94 million. During the same period last year, the business earned $0.32 earnings per share. The firm's revenue was up 25.5% on a year-over-year basis. Appian has set its FY 2026 guidance at 1.200-1.240 EPS and its Q4 2026 guidance at 0.300-0.340 EPS. On average, sell-side analysts expect that Appian Corporation will post 0.46 EPS for the current year.

Insider Buying and Selling at Appian

In other news, CEO Matthew Calkins sold 45,000 shares of the company's stock in a transaction dated Wednesday, October 7th. The shares were sold at an average price of $37.50, for a total value of $1,687,500.00. Following the sale, the chief executive officer directly owned 1,584,144 shares of the company's stock, valued at approximately $59,405,400. This represents a 2.76% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 120,000 shares of company stock worth $4,830,450. 42.81% of the stock is owned by insiders.

Appian Company Profile

Appian Corporation develops a low-code platform that helps organizations build and manage business applications and automate complex processes. Its offerings combine application development tools with capabilities for workflow automation, case management, robotic process automation, and process mining.

Founded in 1999 by Matt Calkins, Appian serves businesses and government organizations in a range of industries, including financial services, insurance, healthcare, life sciences, and the public sector.

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