Stanley Laman Group Ltd. Lowers Stake in Appian Corporation $APPN

Key Points

• Stanley Laman Group Ltd. reduced its stake in Appian Corporation by 9.4% in Q2, now holding 143,832 shares worth approximately $4.3 million.
• Appian's recent quarterly earnings report showed a revenue increase of 16.5% year-over-year, although it missed EPS estimates, reporting ($0.14) against a consensus of ($0.13).
• Institutional investors now own 52.70% of Appian's stock, reflecting significant interest from firms like Jones Financial Companies and AQR Capital Management, which made large adjustments to their holdings in Q1.

Stanley Laman Group Ltd. trimmed its position in Appian Corporation (NASDAQ:APPN - Free Report) by 9.4% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 143,832 shares of the company's stock after selling 14,843 shares during the quarter. Stanley Laman Group Ltd. owned 0.19% of Appian worth $4,295,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of APPN. Jones Financial Companies Lllp increased its position in Appian by 347,121.5% during the 1st quarter. Jones Financial Companies Lllp now owns 1,579,858 shares of the company's stock worth $45,516,000 after purchasing an additional 1,579,403 shares in the last quarter. Hawk Ridge Capital Management LP acquired a new stake in shares of Appian in the first quarter worth $7,557,000. Jacobs Levy Equity Management Inc. purchased a new position in shares of Appian in the 1st quarter valued at $7,166,000. AQR Capital Management LLC boosted its position in Appian by 368.8% during the 1st quarter. AQR Capital Management LLC now owns 199,869 shares of the company's stock worth $5,758,000 after purchasing an additional 157,233 shares during the period. Finally, Trexquant Investment LP increased its holdings in Appian by 87.5% in the 1st 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 in the last quarter. Hedge funds and other institutional investors own 52.70% of the company's stock.

Appian Trading Up 1.3%

APPN stock opened at $28.15 on Friday. The firm has a 50 day simple moving average of $30.27 and a 200-day simple moving average of $29.92. The company has a market capitalization of $2.08 billion, a P/E ratio of -122.39 and a beta of 1.76. Appian Corporation has a twelve month low of $24.00 and a twelve month high of $43.33.

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 business had revenue of $170.64 million for 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 in the prior 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. On average, research analysts predict that Appian Corporation will post -0.28 EPS for the current year.

Wall Street Analyst Weigh In

APPN has been the topic of a number of recent research reports. Weiss Ratings restated a "sell (d-)" rating on shares of Appian in a research note on Wednesday, October 8th. DA Davidson started coverage on shares of Appian in a research report on Friday, August 8th. They set a "neutral" rating and a $30.00 target price on the stock. Finally, Zacks Research upgraded shares of Appian from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, four have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Appian currently has a consensus rating of "Hold" and a consensus price target 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.

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