Voya Investment Management LLC Has $317,000 Stock Holdings in Appian Corporation $APPN

Voya Investment Management LLC lessened its holdings in Appian Corporation (NASDAQ:APPN) by 9.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,015 shares of the company’s stock after selling 1,165 shares during the period. Voya Investment Management LLC’s holdings in Appian were worth $317,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Concord Wealth Partners boosted its position in shares of Appian by 21.7% in the first quarter. Concord Wealth Partners now owns 2,581 shares of the company’s stock worth $74,000 after buying an additional 461 shares during the period. Headlands Technologies LLC raised its holdings in shares of Appian by 2,052.0% during the first quarter. Headlands Technologies LLC now owns 4,218 shares of the company’s stock worth $122,000 after acquiring an additional 4,022 shares in the last quarter. US Bancorp DE raised its holdings in shares of Appian by 215.4% during the first quarter. US Bancorp DE now owns 6,506 shares of the company’s stock worth $187,000 after acquiring an additional 4,443 shares in the last quarter. CWM LLC raised its holdings in shares of Appian by 685.9% during the first quarter. CWM LLC now owns 7,788 shares of the company’s stock worth $224,000 after acquiring an additional 6,797 shares in the last quarter. Finally, Petrus Trust Company LTA purchased a new stake in shares of Appian during the first quarter worth $227,000. Institutional investors and hedge funds own 52.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Zacks Research lowered Appian from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 9th. DA Davidson assumed coverage on Appian in a report on Friday, August 8th. They set a “neutral” rating and a $30.00 price objective for the company. One analyst has rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $33.40.

Appian Stock Performance

Appian stock opened at $30.98 on Monday. Appian Corporation has a 52 week low of $24.00 and a 52 week high of $43.33. The firm has a market capitalization of $2.29 billion, a PE ratio of -134.69 and a beta of 1.71. The business’s 50-day simple moving average is $30.10 and its 200-day simple moving average is $30.00.

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

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.