Appian Co. (NASDAQ:APPN) Shares Acquired by Deutsche Bank AG

Deutsche Bank AG lifted its position in Appian Co. (NASDAQ:APPN - Free Report) by 46.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 34,735 shares of the company's stock after purchasing an additional 11,053 shares during the quarter. Deutsche Bank AG's holdings in Appian were worth $1,146,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. D. E. Shaw & Co. Inc. raised its stake in shares of Appian by 19.2% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 658,654 shares of the company's stock worth $21,722,000 after purchasing an additional 106,023 shares during the last quarter. Crestline Management LP raised its stake in shares of Appian by 78.1% in the fourth quarter. Crestline Management LP now owns 64,183 shares of the company's stock worth $2,117,000 after purchasing an additional 28,137 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new position in shares of Appian in the fourth quarter worth about $2,571,000. Brevan Howard Capital Management LP grew its holdings in Appian by 27.3% during the fourth quarter. Brevan Howard Capital Management LP now owns 19,609 shares of the company's stock worth $647,000 after acquiring an additional 4,208 shares during the period. Finally, Benjamin Edwards Inc. grew its holdings in Appian by 16.0% during the fourth quarter. Benjamin Edwards Inc. now owns 14,500 shares of the company's stock worth $478,000 after acquiring an additional 2,000 shares during the period. 52.70% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Appian news, major shareholder Abdiel Capital Advisors, Lp sold 78,528 shares of Appian stock in a transaction on Friday, April 4th. The stock was sold at an average price of $26.49, for a total value of $2,080,206.72. Following the sale, the insider now owns 9,942,140 shares in the company, valued at $263,367,288.60. The trade was a 0.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Over the last 90 days, insiders have sold 795,635 shares of company stock worth $24,611,535. 44.00% of the stock is owned by corporate insiders.

Appian Stock Up 0.1%

Shares of Appian stock traded up $0.04 during trading hours on Thursday, reaching $31.27. 205,508 shares of the company's stock were exchanged, compared to its average volume of 558,449. Appian Co. has a 1 year low of $24.00 and a 1 year high of $43.33. The company has a market capitalization of $2.32 billion, a P/E ratio of -24.80 and a beta of 1.83. The business has a fifty day moving average of $29.79 and a two-hundred day moving average of $32.95.

Appian (NASDAQ:APPN - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.13 EPS for the quarter, topping analysts' consensus estimates of $0.03 by $0.10. Appian had a negative return on equity of 532.05% and a negative net margin of 14.95%. The firm had revenue of $166.43 million for the quarter, compared to the consensus estimate of $163.27 million. During the same quarter last year, the business posted ($0.24) earnings per share. The firm's revenue was up 11.1% compared to the same quarter last year. As a group, research analysts predict that Appian Co. will post -0.28 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have commented on APPN. Morgan Stanley raised their price objective on Appian from $27.00 to $29.00 and gave the company an "equal weight" rating in a report on Friday, May 9th. Citigroup raised their price objective on Appian from $40.00 to $41.00 and gave the company a "buy" rating in a report on Tuesday, May 13th. Barclays raised their price objective on Appian from $28.00 to $33.00 and gave the company an "underweight" rating in a report on Friday, May 9th. DA Davidson lifted their price target on Appian from $28.00 to $35.00 and gave the stock a "neutral" rating in a research note on Friday, May 9th. Finally, Scotiabank dropped their price target on Appian from $37.00 to $34.00 and set a "sector perform" rating for the company in a research report on Thursday, April 24th. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, Appian presently has a consensus rating of "Hold" and a consensus price target of $36.29.

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.