Graham Capital Management L.P. Has $1.03 Million Stock Holdings in Appian Corporation $APPN

Key Points

• Graham Capital Management L.P. increased its stake in Appian Corporation by 33.3% during the first quarter, raising their holdings to 35,781 shares valued at over $1 million.
• Major shareholder Abdiel Capital Advisors sold 10,450 shares of Appian stock, retaining a significant ownership of approximately 7.74 million shares, valued at over $243 million.
• Appian Corporation reported quarterly earnings showing a revenue increase of 16.5% year-over-year, but missed earnings per share estimates, posting ($0.14) against an expected ($0.13).

Graham Capital Management L.P. lifted its holdings in Appian Corporation (NASDAQ:APPN - Free Report) by 33.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,781 shares of the company's stock after purchasing an additional 8,935 shares during the period. Graham Capital Management L.P.'s holdings in Appian were worth $1,031,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in APPN. Trexquant Investment LP increased its holdings in shares of Appian by 87.5% in the first quarter. Trexquant Investment LP now owns 311,753 shares of the company's stock valued at $8,982,000 after purchasing an additional 145,450 shares during the last quarter. Voloridge Investment Management LLC boosted its position in shares of Appian by 222.6% during the fourth quarter. Voloridge Investment Management LLC now owns 182,965 shares of the company's stock valued at $6,034,000 after buying an additional 126,256 shares during the last quarter. Nuveen Asset Management LLC raised its stake in Appian by 110.0% during the 4th quarter. Nuveen Asset Management LLC now owns 222,748 shares of the company's stock valued at $7,346,000 after purchasing an additional 116,656 shares during the period. Harber Asset Management LLC lifted its holdings in shares of Appian by 46.2% in the 1st quarter. Harber Asset Management LLC now owns 340,297 shares of the company's stock worth $9,804,000 after buying an additional 107,602 shares during the period. Finally, D. E. Shaw & Co. Inc. grew its stake in Appian by 19.2% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 658,654 shares of the company's stock valued at $21,722,000 after purchasing an additional 106,023 shares during the last quarter. Institutional investors and hedge funds own 52.70% of the company's stock.

Insider Buying and Selling

In other news, major shareholder Abdiel Capital Advisors, Lp sold 50,000 shares of the company's stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $31.59, for a total transaction of $1,579,500.00. Following the completion of the sale, the insider owned 7,746,941 shares of the company's stock, valued at $244,725,866.19. This represents a 0.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 44.00% of the company's stock.

Wall Street Analyst Weigh In

APPN has been the topic of a number of recent analyst reports. Zacks Research raised Appian to a "strong-buy" rating in a research note on Monday, August 11th. Citigroup raised 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. Finally, DA Davidson assumed coverage on shares of Appian in a report on Friday, August 8th. They set a "neutral" rating and a $30.00 target price on the stock. One 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. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $33.40.

Appian Stock Up 5.0%

NASDAQ APPN traded up $1.52 on Monday, reaching $32.09. 926,318 shares of the stock traded hands, compared to its average volume of 686,693. The company has a market cap of $2.38 billion, a price-to-earnings ratio of -138.73 and a beta of 1.71. Appian Corporation has a 12 month low of $24.00 and a 12 month high of $43.33. The firm's fifty day simple moving average is $29.48 and its 200 day simple moving average is $29.98.

Appian (NASDAQ:APPN - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.01). The firm had revenue of $170.64 million during the quarter, compared to the consensus estimate of $160.01 million. Appian's quarterly revenue was up 16.5% compared to the same quarter last year. During the same period last year, the firm earned ($0.26) EPS. 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 forecast that Appian Corporation will post -0.28 EPS for the current fiscal year.

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.