Trexquant Investment LP Has $8.98 Million Stock Position in Appian Corporation $APPN

Key Points

• Trexquant Investment LP has increased its holdings in Appian Corporation by 87.5% during the 1st quarter, now owning approximately 311,753 shares valued at $8.98 million.
• Several other large investors have made substantial increases in their Appian stakes, indicating strong interest in the company as 52.70% of its stock is owned by institutional investors.
• Appian's stock has a recent trading price of $30.78, with an average target price of $33.40, and has shown significant year-over-year revenue growth of 16.5%.

Trexquant Investment LP lifted its holdings in shares of Appian Corporation (NASDAQ:APPN - Free Report) by 87.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 311,753 shares of the company's stock after buying an additional 145,450 shares during the period. Trexquant Investment LP owned about 0.42% of Appian worth $8,982,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. GAMMA Investing LLC grew its holdings in Appian by 2,716.2% in the 1st quarter. GAMMA Investing LLC now owns 6,252 shares of the company's stock valued at $1,800,000 after buying an additional 6,030 shares during the period. Teacher Retirement System of Texas purchased a new position in shares of Appian in the first quarter valued at $373,000. Raymond James Financial Inc. acquired a new stake in Appian during the 4th quarter valued at $1,688,000. Hsbc Holdings PLC purchased a new stake in Appian during the 1st quarter worth $533,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Appian by 9.5% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 87,836 shares of the company's stock worth $2,897,000 after buying an additional 7,594 shares in the last quarter. Institutional investors and hedge funds own 52.70% of the company's stock.

Appian Stock Performance

Shares of NASDAQ APPN traded down $0.59 during mid-day trading on Thursday, reaching $30.18. The company had a trading volume of 162,191 shares, compared to its average volume of 678,881. Appian Corporation has a 12-month low of $24.00 and a 12-month high of $43.33. The stock has a fifty day moving average of $29.42 and a two-hundred day moving average of $30.09. The company has a market capitalization of $2.23 billion, a price-to-earnings ratio of -131.17 and a beta of 1.71.

Appian (NASDAQ:APPN - Get Free Report) last posted its earnings results 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 company had revenue of $170.64 million during the quarter, compared to analysts' expectations of $160.01 million. The business's revenue was up 16.5% on a year-over-year basis. During the same period in the prior year, the business posted ($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. Sell-side analysts forecast that Appian Corporation will post -0.28 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. DA Davidson initiated coverage on Appian in a research note on Friday, August 8th. They set a "neutral" rating and a $30.00 target price for the company. Zacks Research raised Appian to a "strong-buy" rating in a research report on Monday, August 11th. Morgan Stanley raised their price objective on shares of Appian from $27.00 to $29.00 and gave the stock an "equal weight" rating in a report on Friday, May 9th. Barclays increased their target price on Appian from $28.00 to $33.00 and gave the stock an "underweight" rating in a research report on Friday, May 9th. Finally, Citigroup raised their target price on Appian from $40.00 to $41.00 and gave the company a "buy" rating in a research report on Tuesday, May 13th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $33.40.

Insider Activity at Appian

In other Appian news, major shareholder Abdiel Capital Advisors, Lp sold 10,450 shares of the company's stock in a transaction on Wednesday, June 11th. The shares were sold at an average price of $31.45, for a total transaction of $328,652.50. Following the completion of the sale, the insider owned 7,736,491 shares in the company, valued at approximately $243,312,641.95. The trade was a 0.13% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In the last ninety days, insiders have sold 342,670 shares of company stock worth $10,989,419. 44.00% of the stock is owned by insiders.

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.