Appian Corporation $APPN Stock Holdings Increased by Jones Financial Companies Lllp

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 grew its position in shares of Appian Corporation (NASDAQ:APPN - Free Report) by 347,121.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,579,858 shares of the company's stock after acquiring an additional 1,579,403 shares during the quarter. Jones Financial Companies Lllp owned about 2.13% of Appian worth $45,516,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Northern Trust Corp raised its holdings in Appian by 3.5% in the fourth quarter. Northern Trust Corp now owns 363,921 shares of the company's stock valued at $12,002,000 after buying an additional 12,337 shares during the period. Schonfeld Strategic Advisors LLC purchased a new position in shares of Appian in the 4th quarter valued at $320,000. Ameriprise Financial Inc. acquired a new position in shares of Appian during the 4th quarter valued at $268,000. Benjamin Edwards Inc. boosted its position in Appian by 16.0% during the 4th quarter. Benjamin Edwards Inc. now owns 14,500 shares of the company's stock worth $478,000 after purchasing an additional 2,000 shares during the period. Finally, Cubist Systematic Strategies LLC acquired a new stake in Appian in the 4th quarter valued at $2,571,000. 52.70% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Appian news, major shareholder Abdiel Capital Advisors, Lp sold 10,450 shares of the stock in a transaction on Wednesday, June 11th. The stock was 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 of the company's stock, valued at $243,312,641.95. This trade represents a 0.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 44.00% of the company's stock.

Wall Street Analysts Forecast Growth

APPN has been the subject of several analyst reports. Citigroup upped their target price on Appian from $40.00 to $41.00 and gave the stock a "buy" rating in a research report on Tuesday, May 13th. DA Davidson started coverage on Appian in a report on Friday, August 8th. They issued a "neutral" rating and a $30.00 price target for the company. Finally, Zacks Research upgraded shares of Appian to a "strong-buy" rating in a research note on Monday, August 11th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Appian currently has an average rating of "Hold" and a consensus target price of $33.40.

Appian Stock Performance

Shares of APPN stock traded up $0.67 during mid-day trading on Tuesday, reaching $32.72. 1,252,968 shares of the company were exchanged, compared to its average volume of 966,557. The business's 50 day simple moving average is $29.57 and its 200 day simple moving average is $29.99. The company has a market capitalization of $2.42 billion, a P/E ratio of -142.25 and a beta of 1.71. Appian Corporation has a fifty-two week low of $24.00 and a fifty-two week high of $43.33.

Appian (NASDAQ:APPN - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported ($0.14) EPS for the quarter, missing analysts' consensus estimates of ($0.13) by ($0.01). The business had revenue of $170.64 million for the quarter, compared to analysts' expectations of $160.01 million. During the same quarter last year, the business earned ($0.26) EPS. Appian's revenue was up 16.5% compared to the same quarter last year. Appian has set its FY 2025 guidance at 0.280-0.360 EPS. Q3 2025 guidance at 0.030-0.070 EPS. On average, analysts forecast that Appian Corporation will post -0.28 EPS for the current year.

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.