Appian Corporation $APPN Shares Purchased by AlphaQuest LLC

AlphaQuest LLC increased its position in shares of Appian Corporation (NASDAQ:APPN) by 107.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,540 shares of the company’s stock after purchasing an additional 7,543 shares during the period. AlphaQuest LLC’s holdings in Appian were worth $434,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Concord Wealth Partners boosted its stake in shares of Appian by 21.7% in the first quarter. Concord Wealth Partners now owns 2,581 shares of the company’s stock valued at $74,000 after purchasing an additional 461 shares during the period. Headlands Technologies LLC lifted its stake in Appian by 2,052.0% in 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 during the last quarter. US Bancorp DE lifted its stake in Appian by 215.4% in 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 during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in Appian by 7.4% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,386 shares of the company’s stock worth $221,000 after acquiring an additional 507 shares during the last quarter. Finally, CWM LLC lifted its stake in Appian by 685.9% in 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 during the last quarter. Hedge funds and other institutional investors own 52.70% of the company’s stock.

Analysts Set New Price Targets

APPN has been the subject of a number of recent research reports. Zacks Research upgraded shares of Appian from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 8th. DA Davidson assumed coverage on shares of Appian in a research note on Friday, August 8th. They issued a “neutral” rating and a $30.00 price target for the company. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Appian in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $33.40.

Appian Trading Down 2.7%

APPN stock opened at $29.84 on Thursday. Appian Corporation has a twelve month low of $24.00 and a twelve month high of $43.33. The company’s 50 day moving average is $30.47 and its two-hundred day moving average is $30.14. The stock has a market cap of $2.21 billion, a P/E ratio of -129.73 and a beta of 1.76.

Appian (NASDAQ:APPN) last released its quarterly earnings data 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 business had revenue of $170.64 million for the quarter, compared to the consensus estimate of $160.01 million. During the same quarter in the prior year, the firm posted ($0.26) earnings per share. The company’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. On average, equities research analysts predict that Appian Corporation will post -0.28 earnings per share for the current year.

Appian 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.