Ieq Capital LLC Buys Shares of 15,787 Appian Corporation $APPN

Key Points

• Ieq Capital LLC has acquired a new stake in Appian Corporation, purchasing 15,787 shares valued at approximately $455,000 in the first quarter.
• Appian reported a Q2 earnings loss of ($0.14) per share, missing expectations but achieving revenue growth of 16.5% year-over-year.
• Institutional investors now own 52.70% of Appian's stock, highlighting increasing interest from major financial entities.

Ieq Capital LLC acquired a new stake 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 & Exchange Commission. The institutional investor acquired 15,787 shares of the company's stock, valued at approximately $455,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of APPN. Voloridge Investment Management LLC raised its stake in 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 in the last quarter. Nuveen Asset Management LLC raised its position in shares of Appian by 110.0% during the 4th quarter. Nuveen Asset Management LLC now owns 222,748 shares of the company's stock worth $7,346,000 after purchasing an additional 116,656 shares during the period. D. E. Shaw & Co. Inc. raised its position in shares of Appian by 19.2% during the 4th 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 period. Nuveen LLC acquired a new stake in shares of Appian during the 1st quarter worth approximately $3,007,000. Finally, Russell Investments Group Ltd. raised its position in shares of Appian by 2,173.1% during the 1st quarter. Russell Investments Group Ltd. now owns 85,899 shares of the company's stock worth $2,476,000 after purchasing an additional 82,120 shares during the period. Institutional investors and hedge funds own 52.70% of the company's stock.

Appian Stock Down 2.9%

NASDAQ APPN traded down $0.97 on Wednesday, reaching $31.76. 78,035 shares of the stock traded hands, compared to its average volume of 688,284. The company has a market cap of $2.35 billion, a price-to-earnings ratio of -138.17 and a beta of 1.71. The firm's fifty day simple moving average is $29.57 and its 200 day simple moving average is $29.99. 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 released 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 analyst estimates of $160.01 million. The firm's quarterly revenue was up 16.5% on a year-over-year basis. During the same period in the previous year, the company posted ($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 forecast that Appian Corporation will post -0.28 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on APPN. DA Davidson began coverage on Appian in a research report on Friday, August 8th. They set a "neutral" rating and a $30.00 price target on the stock. Zacks Research upgraded Appian to a "strong-buy" rating in a research report on Monday, August 11th. Finally, Citigroup increased their price target on Appian from $40.00 to $41.00 and gave the stock a "buy" rating in a research report on Tuesday, May 13th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $33.40.

About Appian

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.