Tudor Investment Corp ET AL Sells 16,098 Shares of Appian Co. (NASDAQ:APPN)

Tudor Investment Corp ET AL decreased its holdings in shares of Appian Co. (NASDAQ:APPN - Free Report) by 16.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 84,147 shares of the company's stock after selling 16,098 shares during the period. Tudor Investment Corp ET AL owned approximately 0.10% of Appian worth $2,775,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in APPN. Oppenheimer & Co. Inc. lifted its position in Appian by 5.1% during the 4th quarter. Oppenheimer & Co. Inc. now owns 8,200 shares of the company's stock worth $270,000 after buying an additional 400 shares in the last quarter. Canada Pension Plan Investment Board increased its holdings in Appian by 27.8% during the fourth quarter. Canada Pension Plan Investment Board now owns 2,300 shares of the company's stock worth $76,000 after buying an additional 500 shares during the last quarter. Handelsbanken Fonder AB raised its holdings in Appian by 14.7% in the 4th quarter. Handelsbanken Fonder AB now owns 8,600 shares of the company's stock valued at $284,000 after buying an additional 1,100 shares during the last quarter. MetLife Investment Management LLC lifted its holdings in shares of Appian by 8.0% during the fourth quarter. MetLife Investment Management LLC now owns 24,325 shares of the company's stock worth $802,000 after purchasing an additional 1,809 shares during the period. Finally, Barclays PLC grew its position in shares of Appian by 4.5% in the 4th quarter. Barclays PLC now owns 75,023 shares of the company's stock valued at $2,474,000 after buying an additional 3,252 shares during the last quarter. 52.70% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on APPN shares. DA Davidson decreased their target price on shares of Appian from $40.00 to $28.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. Morgan Stanley cut their price target on shares of Appian from $35.00 to $27.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. Citigroup decreased their price target on shares of Appian from $53.00 to $40.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Barclays dropped their price target on Appian from $37.00 to $28.00 and set an "underweight" rating on the stock in a research report on Monday, April 21st. Finally, KeyCorp reaffirmed a "sector weight" rating on shares of Appian in a report on Tuesday, January 14th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $34.14.

Insider Buying and Selling

In other Appian news, major shareholder Abdiel Capital Advisors, Lp sold 5,103 shares of the business's stock in a transaction on Wednesday, April 16th. The shares were sold at an average price of $27.02, for a total value of $137,883.06. Following the sale, the insider now owns 9,755,116 shares in the company, valued at $263,583,234.32. The trade was a 0.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Albert G.W. Biddle III sold 990 shares of the firm's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $33.21, for a total value of $32,877.90. Following the transaction, the director now owns 29,348 shares of the company's stock, valued at approximately $974,647.08. The trade was a 3.26 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 240,510 shares of company stock valued at $6,648,635. 43.00% of the stock is owned by corporate insiders.

Appian Trading Up 5.1 %

Appian stock traded up $1.56 during mid-day trading on Thursday, hitting $31.97. The company had a trading volume of 626,022 shares, compared to its average volume of 546,954. The company has a market capitalization of $2.37 billion, a PE ratio of -25.37 and a beta of 1.83. The stock's 50 day moving average price is $29.39 and its two-hundred day moving average price is $33.31. Appian Co. has a 12 month low of $24.00 and a 12 month high of $43.33.

Appian (NASDAQ:APPN - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.12. Appian had a negative return on equity of 532.05% and a negative net margin of 14.95%. During the same period in the previous year, the company earned ($0.24) earnings per share. The firm's revenue for the quarter was up 11.1% compared to the same quarter last year. Equities research analysts anticipate that Appian Co. will post -0.28 EPS for the current year.

Appian 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.