Deutsche Bank AG Has $2.45 Million 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 grew its holdings in Appian Corporation (NASDAQ:APPN - Free Report) by 144.6% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 84,975 shares of the company's stock after buying an additional 50,240 shares during the quarter. Deutsche Bank AG owned 0.11% of Appian worth $2,448,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Chicago Partners Investment Group LLC grew its holdings in shares of Appian by 1.2% in the 1st 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 during the last quarter. Concord Wealth Partners grew its holdings in shares of Appian by 21.7% in the 1st quarter. Concord Wealth Partners now owns 2,581 shares of the company's stock worth $74,000 after purchasing an additional 461 shares during the last quarter. Canada Pension Plan Investment Board grew its holdings in shares of Appian by 27.8% in the 4th 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 during the last quarter. Penserra Capital Management LLC grew its holdings in shares of Appian by 6.3% in the 1st quarter. Penserra Capital Management LLC now owns 16,646 shares of the company's stock worth $479,000 after purchasing an additional 989 shares during the last quarter. Finally, Point72 Hong Kong Ltd bought a new stake in shares of Appian in the 4th quarter worth about $35,000. Institutional investors own 52.70% of the company's stock.

Analyst Ratings Changes

APPN has been the topic of several analyst reports. Morgan Stanley upped their target price on shares of Appian from $27.00 to $29.00 and gave the stock an "equal weight" rating in a report on Friday, May 9th. DA Davidson initiated coverage on shares of Appian in a report on Friday, August 8th. They issued a "neutral" rating and a $30.00 target price on the stock. Scotiabank lowered their target price on shares of Appian from $37.00 to $34.00 and set a "sector perform" rating on the stock in a report on Thursday, April 24th. Zacks Research raised shares of Appian to a "strong-buy" rating in a report on Monday, August 11th. Finally, Citigroup increased 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. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $33.40.

Appian Trading Down 2.5%

Shares of NASDAQ APPN opened at $28.99 on Thursday. The firm has a market capitalization of $2.15 billion, a PE ratio of -126.04 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 firm's 50-day moving average is $29.31 and its 200-day moving average is $30.35.

Appian (NASDAQ:APPN - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($0.01). The firm had revenue of $170.64 million for the quarter, compared to the consensus estimate of $160.01 million. The company's revenue was up 16.5% on a year-over-year basis. During the same quarter in the previous year, the business 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, equities research analysts anticipate that Appian Corporation will post -0.28 earnings per share for the current fiscal year.

Insider Buying and Selling at Appian

In related news, major shareholder Abdiel Capital Advisors, Lp sold 10,450 shares of the stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $31.45, for a total value of $328,652.50. Following the sale, the insider directly 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 legal filing with the SEC, which is available at this link. In the last 90 days, insiders have sold 1,462,510 shares of company stock valued at $46,548,837. Company insiders own 43.00% of the company's stock.

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.

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