Jones Financial Companies Lllp Has $45.52 Million Holdings in Appian Corporation $APPN

Key Points

• Jones Financial Companies Lllp significantly increased its stake in Appian Corporation, acquiring an additional 1,579,403 shares, bringing its total ownership to approximately 2.13% valued at $45.5 million.
• In recent analyst updates, Citigroup raised Appian's price target to $41, and Zacks gave the company a "strong-buy" rating, indicating confidence in its future performance.
• Appian reported a revenue increase of 16.5% year-over-year, totaling $170.64 million, though it missed earnings expectations with a loss of $0.14 per share for the latest quarter.

Jones Financial Companies Lllp raised its holdings in Appian Corporation (NASDAQ:APPN - Free Report) by 347,121.5% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,579,858 shares of the company's stock after purchasing an additional 1,579,403 shares during the quarter. Jones Financial Companies Lllp owned 2.13% of Appian worth $45,516,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. D. E. Shaw & Co. Inc. lifted 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 buying an additional 106,023 shares during the last quarter. Northern Trust Corp raised its stake in Appian by 3.5% during the fourth quarter. Northern Trust Corp now owns 363,921 shares of the company's stock worth $12,002,000 after acquiring an additional 12,337 shares in the last quarter. Harber Asset Management LLC raised its stake in Appian by 46.2% during the first quarter. Harber Asset Management LLC now owns 340,297 shares of the company's stock worth $9,804,000 after acquiring an additional 107,602 shares in the last quarter. Trexquant Investment LP lifted 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 worth $8,982,000 after acquiring an additional 145,450 shares during the last quarter. Finally, Millennium Management LLC boosted its stake in shares of Appian by 18.9% in the 1st quarter. Millennium Management LLC now owns 302,720 shares of the company's stock valued at $8,721,000 after purchasing an additional 48,014 shares in the last quarter. Institutional investors own 52.70% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on APPN. Zacks Research cut shares of Appian from a "strong-buy" rating to a "hold" rating in a research report on Tuesday. DA Davidson started coverage on shares of Appian in a research note on Friday, August 8th. They set a "neutral" rating and a $30.00 target price on the stock. One research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $33.40.

Appian Stock Performance

Shares of NASDAQ:APPN traded down $0.74 during mid-day trading on Friday, reaching $30.76. 177,380 shares of the company's stock were exchanged, compared to its average volume of 690,696. Appian Corporation has a twelve month low of $24.00 and a twelve month high of $43.33. The firm has a market capitalization of $2.28 billion, a price-to-earnings ratio of -133.80 and a beta of 1.71. The business's fifty day moving average price is $29.61 and its 200-day moving average price is $29.99.

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 company had revenue of $170.64 million during the quarter, compared to analyst estimates of $160.01 million. The firm's revenue for the quarter 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. Analysts predict that Appian Corporation will post -0.28 EPS for the current fiscal year.

Appian Company 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.