Deutsche Bank AG Raises Stock Holdings in Appian Corporation $APPN

Key Points

• Deutsche Bank AG has increased its holdings in Appian Corporation by 144.6%, acquiring a total of 84,975 shares worth approximately $2.45 million.
• Analyst ratings for Appian show a mix of opinions, with target price estimates ranging from $29.00 to $41.00 and a consensus rating of "Hold".
• Appian reported a revenue increase of 16.5% year-over-year in its latest earnings, despite missing earnings per share projections.

Deutsche Bank AG lifted its holdings in Appian Corporation (NASDAQ:APPN - Free Report) by 144.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 84,975 shares of the company's stock after buying an additional 50,240 shares during the quarter. Deutsche Bank AG owned approximately 0.11% of Appian worth $2,448,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Chicago Partners Investment Group LLC grew its stake in Appian by 1.2% in the first quarter. Chicago Partners Investment Group LLC now owns 31,495 shares of the company's stock worth $958,000 after purchasing an additional 368 shares in the last quarter. Concord Wealth Partners grew its stake in Appian by 21.7% in the first quarter. Concord Wealth Partners now owns 2,581 shares of the company's stock worth $74,000 after purchasing an additional 461 shares in the last quarter. Canada Pension Plan Investment Board grew its stake in Appian by 27.8% in the fourth quarter. Canada Pension Plan Investment Board now owns 2,300 shares of the company's stock worth $76,000 after purchasing an additional 500 shares in the last quarter. Penserra Capital Management LLC grew its stake in Appian by 6.3% in the first quarter. Penserra Capital Management LLC now owns 16,646 shares of the company's stock worth $479,000 after purchasing an additional 989 shares in the last quarter. Finally, Point72 Hong Kong Ltd bought a new position in Appian in the fourth quarter worth approximately $35,000. 52.70% of the stock is currently owned by hedge funds and other institutional investors.

Appian Stock Down 1.7%

Shares of Appian stock traded down $0.49 during trading on Tuesday, reaching $28.62. The company's stock had a trading volume of 627,361 shares, 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. Appian Corporation has a 1-year low of $24.00 and a 1-year high of $43.33. The company has a 50-day simple moving average of $29.23 and a two-hundred day simple moving average of $30.18.

Appian (NASDAQ:APPN - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported ($0.14) earnings per share for the quarter, missing analysts' consensus estimates of ($0.13) by ($0.01). The firm had revenue of $170.64 million during the quarter, compared to analysts' expectations of $160.01 million. Appian's quarterly revenue was up 16.5% on a year-over-year basis. During the same period last year, the firm earned ($0.26) earnings per share. Appian has set its FY 2025 guidance at 0.280-0.360 EPS. Q3 2025 guidance at 0.030-0.070 EPS. As a group, analysts anticipate that Appian Corporation will post -0.28 earnings per share for the current year.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at Appian

In other news, major shareholder Abdiel Capital Advisors, Lp sold 10,450 shares of the firm's stock in a transaction on Wednesday, June 11th. The stock was sold at an average price of $31.45, for a total value of $328,652.50. Following the completion of the sale, the insider owned 7,736,491 shares of the company's stock, valued at $243,312,641.95. This trade represents a 0.13% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Over the last ninety days, insiders sold 1,389,344 shares of company stock valued at $44,228,743. 44.00% of the stock is owned by company insiders.

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.