EntryPoint Capital LLC Takes $482,000 Position in Appian Corporation $APPN

Key Points

• EntryPoint Capital LLC has purchased 16,736 shares of Appian Corporation, valued at approximately $482,000, marking a significant investment in the company during the first quarter.
• Several institutional investors have also increased their holdings in Appian, with total institutional ownership currently at 52.70% of the company's stock.
• Appian's latest earnings report showed a revenue increase of 16.5% year-over-year, despite a slight earnings per share miss, alongside projected EPS guidance for FY 2025.

EntryPoint Capital LLC acquired a new position in shares of Appian Corporation (NASDAQ:APPN - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 16,736 shares of the company's stock, valued at approximately $482,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of APPN. Point72 Hong Kong Ltd acquired a new stake in Appian during the 4th quarter worth about $35,000. Concord Wealth Partners increased 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 valued at $74,000 after purchasing an additional 461 shares during the period. Canada Pension Plan Investment Board increased 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 valued at $76,000 after purchasing an additional 500 shares during the period. Headlands Technologies LLC increased its holdings in shares of Appian by 2,052.0% in the 1st quarter. Headlands Technologies LLC now owns 4,218 shares of the company's stock valued at $122,000 after purchasing an additional 4,022 shares during the period. Finally, Russell Investments Group Ltd. increased its holdings in shares of Appian by 1,244.8% in the 4th quarter. Russell Investments Group Ltd. now owns 3,779 shares of the company's stock valued at $125,000 after purchasing an additional 3,498 shares during the period. Institutional investors and hedge funds own 52.70% of the company's stock.

Insider Transactions at Appian

In other Appian news, major shareholder Abdiel Capital Advisors, Lp sold 10,450 shares of the company's stock in a transaction that occurred on Wednesday, June 11th. The stock was 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 of the company's stock, valued at $243,312,641.95. This represents a 0.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 1,389,344 shares of company stock worth $44,228,743 over the last three months. 44.00% of the stock is owned by corporate insiders.

Appian Trading Down 0.5%

Appian stock traded down $0.16 during trading hours on Tuesday, reaching $28.95. 104,271 shares of the company were exchanged, compared to its average volume of 665,190. The firm has a market cap of $2.14 billion, a price-to-earnings ratio of -125.69 and a beta of 1.75. The stock has a 50-day moving average of $29.26 and a 200 day moving average of $30.19. Appian Corporation has a 12 month low of $24.00 and a 12 month 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 business had revenue of $170.64 million during the quarter, compared to analysts' expectations of $160.01 million. The firm's revenue for the quarter was up 16.5% on a year-over-year basis. During the same period in the prior 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, research analysts forecast that Appian Corporation will post -0.28 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Citigroup upped their target price on Appian from $40.00 to $41.00 and gave the company a "buy" rating in a report on Tuesday, May 13th. Morgan Stanley upped their target price on Appian from $27.00 to $29.00 and gave the company an "equal weight" rating in a report on Friday, May 9th. DA Davidson began coverage on Appian in a report on Friday, August 8th. They issued a "neutral" rating and a $30.00 target price on the stock. Zacks Research raised Appian to a "strong-buy" rating in a research note on Monday, August 11th. Finally, Barclays boosted their price target on Appian from $28.00 to $33.00 and gave the company an "underweight" rating in a research note on Friday, May 9th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Appian has a consensus rating of "Hold" and a consensus price target of $33.40.

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.