Trexquant Investment LP Has $332,000 Stock Holdings in Appian Co. (NASDAQ:APPN)

Trexquant Investment LP lowered its position in shares of Appian Co. (NASDAQ:APPNFree Report) by 43.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,805 shares of the company’s stock after selling 6,720 shares during the quarter. Trexquant Investment LP’s holdings in Appian were worth $332,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Headlands Technologies LLC bought a new stake in shares of Appian in the 4th quarter valued at $47,000. Victory Capital Management Inc. grew its position in shares of Appian by 22.9% in the 4th quarter. Victory Capital Management Inc. now owns 5,509 shares of the company’s stock valued at $207,000 after purchasing an additional 1,027 shares during the period. Atria Wealth Solutions Inc. bought a new stake in Appian during the 3rd quarter worth approximately $213,000. Rathbones Group PLC acquired a new stake in Appian during the 3rd quarter worth approximately $283,000. Finally, SG Americas Securities LLC bought a new position in Appian in the fourth quarter valued at approximately $308,000. Institutional investors own 52.70% of the company’s stock.

Analysts Set New Price Targets

APPN has been the topic of several research reports. Citigroup boosted their price objective on shares of Appian from $48.00 to $52.00 and gave the company a “neutral” rating in a research report on Friday, March 22nd. KeyCorp decreased their price objective on Appian from $50.00 to $37.00 and set an “overweight” rating for the company in a report on Friday, May 3rd. DA Davidson cut their target price on Appian from $55.00 to $52.00 and set a “buy” rating on the stock in a research note on Monday, March 4th. Barclays decreased their price target on shares of Appian from $36.00 to $32.00 and set an “underweight” rating for the company in a research note on Friday, May 3rd. Finally, William Blair reissued an “outperform” rating on shares of Appian in a research report on Wednesday, March 20th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, Appian has an average rating of “Moderate Buy” and an average target price of $46.43.

Check Out Our Latest Stock Report on Appian

Appian Price Performance

Shares of APPN opened at $28.75 on Tuesday. The company has a market cap of $2.08 billion, a price-to-earnings ratio of -19.56 and a beta of 1.44. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 2.68. The company’s fifty day simple moving average is $34.87 and its 200 day simple moving average is $35.30. Appian Co. has a 1-year low of $27.81 and a 1-year high of $54.26.

Appian (NASDAQ:APPNGet Free Report) last issued its earnings results on Thursday, May 2nd. The company reported ($0.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.09). Appian had a negative net margin of 19.20% and a negative return on equity of 204.82%. The firm had revenue of $149.80 million during the quarter, compared to the consensus estimate of $149.78 million. During the same period in the previous year, the company posted ($0.42) earnings per share. The firm’s revenue for the quarter was up 10.8% compared to the same quarter last year. On average, research analysts forecast that Appian Co. will post -1.38 earnings per share for the current fiscal year.

Insider Activity at Appian

In related news, Director Albert G.W. Biddle III acquired 3,225 shares of the firm’s stock in a transaction on Thursday, May 30th. The shares were purchased at an average cost of $28.02 per share, for a total transaction of $90,364.50. Following the completion of the acquisition, the director now directly owns 19,689 shares in the company, valued at $551,685.78. The purchase was disclosed in a filing with the SEC, which is available at this link. 44.00% of the stock is owned by company insiders.

Appian Profile

(Free Report)

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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Institutional Ownership by Quarter for Appian (NASDAQ:APPN)

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