Invesco Ltd. Buys 5,129 Shares of Appian Corporation $APPN

Invesco Ltd. boosted its holdings in Appian Corporation (NASDAQ:APPN) by 27.2% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 24,014 shares of the company’s stock after acquiring an additional 5,129 shares during the quarter. Invesco Ltd.’s holdings in Appian were worth $692,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. GAMMA Investing LLC lifted its holdings in shares of Appian by 2,716.2% in the first quarter. GAMMA Investing LLC now owns 6,252 shares of the company’s stock valued at $1,800,000 after purchasing an additional 6,030 shares in the last quarter. Teacher Retirement System of Texas bought a new position in shares of Appian in the first quarter valued at approximately $373,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Appian by 9.5% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 87,836 shares of the company’s stock valued at $2,897,000 after purchasing an additional 7,594 shares in the last quarter. Deutsche Bank AG lifted its holdings in shares of Appian by 144.6% in the first quarter. Deutsche Bank AG now owns 84,975 shares of the company’s stock valued at $2,448,000 after purchasing an additional 50,240 shares in the last quarter. Finally, Millennium Management LLC lifted its holdings in shares of Appian by 28.5% in the fourth quarter. Millennium Management LLC now owns 254,706 shares of the company’s stock valued at $8,400,000 after purchasing an additional 56,420 shares in the last quarter. Institutional investors own 52.70% of the company’s stock.

Appian Price Performance

NASDAQ:APPN opened at $29.92 on Friday. The business has a fifty day simple moving average of $29.45 and a two-hundred day simple moving average of $30.07. Appian Corporation has a 1 year low of $24.00 and a 1 year high of $43.33. The company has a market capitalization of $2.21 billion, a P/E ratio of -130.08 and a beta of 1.71.

Appian (NASDAQ:APPN) last released its earnings results on Thursday, August 7th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.01). The business had revenue of $170.64 million during the quarter, compared to analyst estimates of $160.01 million. During the same period in the prior year, the company earned ($0.26) earnings per share. Appian’s revenue was up 16.5% on a year-over-year basis. Appian has set its FY 2025 guidance at 0.280-0.360 EPS. Q3 2025 guidance at 0.030-0.070 EPS. As a group, analysts anticipate that Appian Corporation will post -0.28 earnings per share for the current year.

Insider Transactions at Appian

In other Appian news, major shareholder Abdiel Capital Advisors, Lp sold 10,450 shares of the business’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 sale, the insider owned 7,736,491 shares of the company’s stock, valued at $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 available through this link. Over the last quarter, insiders have sold 116,950 shares of company stock worth $3,718,978. Insiders own 43.00% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on APPN. Citigroup raised their target price on Appian from $40.00 to $41.00 and gave the company a “buy” rating in a report on Tuesday, May 13th. Barclays raised their target price on Appian from $28.00 to $33.00 and gave the company an “underweight” rating in a report on Friday, May 9th. DA Davidson assumed coverage on shares of Appian in a research report on Friday, August 8th. They set a “neutral” rating and a $30.00 target price on the stock. Morgan Stanley lifted their target price on shares of Appian from $27.00 to $29.00 and gave the stock an “equal weight” rating in a research report on Friday, May 9th. Finally, Zacks Research raised shares of Appian to a “strong-buy” rating in a research report on Monday, August 11th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Appian presently has an average rating of “Hold” and an average target price of $33.40.

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.