UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Grows Stake in Appian Co. (NASDAQ:APPN)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Appian Co. (NASDAQ:APPN) by 0.6% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 80,242 shares of the company’s stock after purchasing an additional 491 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.11% of Appian worth $2,739,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Neo Ivy Capital Management purchased a new position in Appian in the 2nd quarter valued at $65,000. Bank of New York Mellon Corp raised its position in shares of Appian by 10.0% in the second quarter. Bank of New York Mellon Corp now owns 143,983 shares of the company’s stock valued at $4,443,000 after buying an additional 13,046 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Appian by 36.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,280 shares of the company’s stock worth $348,000 after buying an additional 2,993 shares in the last quarter. Crossmark Global Holdings Inc. boosted its position in Appian by 3.0% during the second quarter. Crossmark Global Holdings Inc. now owns 9,693 shares of the company’s stock worth $299,000 after acquiring an additional 280 shares during the last quarter. Finally, nVerses Capital LLC purchased a new stake in Appian during the 2nd quarter valued at about $105,000. 52.70% of the stock is owned by hedge funds and other institutional investors.

Appian Price Performance

Shares of APPN stock opened at $36.82 on Friday. The company has a market capitalization of $3.14 billion, a PE ratio of -30.18 and a beta of 1.57. The firm’s 50-day moving average is $36.14 and its two-hundred day moving average is $33.08. Appian Co. has a 12 month low of $26.28 and a 12 month high of $43.33.

Insider Transactions at Appian

In other Appian news, Director William D. Mccarthy sold 700 shares of the company’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $38.78, for a total value of $27,146.00. Following the transaction, the director now owns 7,966 shares of the company’s stock, valued at $308,921.48. This represents a 8.08 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder Abdiel Capital Advisors, Lp bought 11,798 shares of the stock in a transaction on Wednesday, September 18th. The shares were bought at an average cost of $33.25 per share, with a total value of $392,283.50. Following the purchase, the insider now owns 10,111,445 shares of the company’s stock, valued at $336,205,546.25. This trade represents a 0.12 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought 48,770 shares of company stock worth $1,625,495 in the last 90 days. Insiders own 44.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. DA Davidson reissued a “neutral” rating and issued a $33.00 target price on shares of Appian in a research note on Monday, October 14th. Barclays increased their price target on Appian from $34.00 to $37.00 and gave the company an “underweight” rating in a report on Friday, December 6th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, Appian has a consensus rating of “Hold” and an average target price of $40.80.

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.