Appian Co. (NASDAQ:APPN) Stake Cut by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL decreased its position in Appian Co. (NASDAQ:APPN - Free Report) by 16.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 84,147 shares of the company's stock after selling 16,098 shares during the quarter. Tudor Investment Corp ET AL owned 0.10% of Appian worth $2,775,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in Appian by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 5,028,472 shares of the company's stock worth $165,839,000 after purchasing an additional 23,890 shares during the period. Lead Edge Capital Management LLC boosted its holdings in shares of Appian by 5.7% in the 4th quarter. Lead Edge Capital Management LLC now owns 1,528,085 shares of the company's stock valued at $50,396,000 after buying an additional 83,000 shares during the period. First Trust Advisors LP grew its position in shares of Appian by 7.1% during the 4th quarter. First Trust Advisors LP now owns 1,263,405 shares of the company's stock valued at $41,667,000 after buying an additional 83,708 shares during the last quarter. Geode Capital Management LLC raised its stake in Appian by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 972,203 shares of the company's stock worth $32,071,000 after acquiring an additional 14,710 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Appian by 4.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 348,932 shares of the company's stock worth $11,508,000 after acquiring an additional 14,085 shares during the last quarter. 52.70% of the stock is currently owned by institutional investors.

Appian Stock Down 0.9 %

Appian stock traded down $0.28 during trading hours on Monday, hitting $30.99. 448,414 shares of the company traded hands, compared to its average volume of 545,558. Appian Co. has a 1-year low of $24.00 and a 1-year high of $43.33. The firm has a market cap of $2.29 billion, a P/E ratio of -24.60 and a beta of 1.83. The firm's 50-day simple moving average is $29.50 and its two-hundred day simple moving average is $33.35.

Appian (NASDAQ:APPN - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The company reported ($0.12) EPS for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.11). The company had revenue of $166.70 million for the quarter, compared to analyst estimates of $164.31 million. Appian had a negative net margin of 14.95% and a negative return on equity of 532.05%. Appian's revenue was up 14.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.06 EPS. On average, equities research analysts predict that Appian Co. will post -0.28 earnings per share for the current year.

Insider Activity

In other Appian news, major shareholder Abdiel Capital Advisors, Lp sold 5,103 shares of the firm's stock in a transaction dated Wednesday, April 16th. The shares were sold at an average price of $27.02, for a total value of $137,883.06. Following the completion of the transaction, the insider now directly owns 9,755,116 shares in the company, valued at $263,583,234.32. This trade represents a 0.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Albert G.W. Biddle III sold 990 shares of the business's stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $33.21, for a total transaction of $32,877.90. Following the sale, the director now owns 29,348 shares in the company, valued at $974,647.08. This represents a 3.26 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 240,510 shares of company stock worth $6,648,635 over the last 90 days. 44.00% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Citigroup dropped their price target on Appian from $53.00 to $40.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. KeyCorp reaffirmed a "sector weight" rating on shares of Appian in a research report on Tuesday, January 14th. Morgan Stanley reduced their price target on shares of Appian from $35.00 to $27.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. Barclays dropped their price objective on shares of Appian from $37.00 to $28.00 and set an "underweight" rating on the stock in a report on Monday, April 21st. Finally, 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. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Appian currently has a consensus rating of "Hold" and an average target price of $34.14.

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.