Cinctive Capital Management LP Takes $5.68 Million Position in Appian Corporation $APPN

Cinctive Capital Management LP purchased a new stake in Appian Corporation (NASDAQ:APPN) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 185,921 shares of the company’s stock, valued at approximately $5,684,000. Cinctive Capital Management LP owned about 0.25% of Appian as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Millennium Management LLC increased its position in Appian by 18.9% in the 1st quarter. Millennium Management LLC now owns 302,720 shares of the company’s stock valued at $8,721,000 after acquiring an additional 48,014 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Appian by 2.2% during the first quarter. Goldman Sachs Group Inc. now owns 385,731 shares of the company’s stock worth $11,113,000 after purchasing an additional 8,319 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Appian by 2.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 90,080 shares of the company’s stock valued at $2,595,000 after purchasing an additional 2,244 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Appian by 89.0% in the second quarter. PNC Financial Services Group Inc. now owns 1,198 shares of the company’s stock valued at $36,000 after purchasing an additional 564 shares in the last quarter. Finally, SG Americas Securities LLC increased its holdings in shares of Appian by 6.5% in the second quarter. SG Americas Securities LLC now owns 16,843 shares of the company’s stock valued at $503,000 after purchasing an additional 1,034 shares in the last quarter. Institutional investors and hedge funds own 52.70% of the company’s stock.

Appian Stock Up 1.7%

Shares of NASDAQ APPN opened at $25.59 on Monday. Appian Corporation has a twelve month low of $21.77 and a twelve month high of $46.06. The stock has a market cap of $1.89 billion, a price-to-earnings ratio of 2,559.00 and a beta of 0.92. The company’s fifty day moving average is $27.53 and its 200-day moving average is $32.10.

Appian (NASDAQ:APPN) last released its quarterly earnings data on Thursday, February 19th. The company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.04. The business had revenue of $202.87 million during the quarter, compared to analysts’ expectations of $189.33 million. Appian had a net margin of 0.17% and a negative return on equity of 11.83%. The company’s quarterly revenue was up 21.7% on a year-over-year basis. Appian has set its FY 2026 guidance at 0.820-0.960 EPS and its Q1 2026 guidance at 0.160-0.200 EPS. On average, research analysts anticipate that Appian Corporation will post -0.28 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have issued reports on APPN shares. Zacks Research raised Appian from a “hold” rating to a “strong-buy” rating in a report on Monday, February 23rd. UBS Group set a $21.00 target price on Appian in a research note on Friday, February 20th. Wall Street Zen downgraded Appian from a “strong-buy” rating to a “buy” rating in a research report on Friday, January 23rd. Citigroup cut their price target on Appian from $48.00 to $38.00 and set a “buy” rating on the stock in a research note on Friday, February 20th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Appian in a report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $30.00.

Appian Company Profile

Appian Corporation is a global technology company specializing in low-code automation platforms designed to streamline business processes. Founded in 1999 by Matt Calkins, the company provides an integrated suite of tools that enables organizations to build enterprise applications and workflows rapidly with minimal hand coding. The platform combines process management, robotic process automation (RPA), artificial intelligence (AI) capabilities and data integration into a single environment, allowing businesses to accelerate digital transformation initiatives.

The core offering, the Appian Low-Code Platform, empowers users—ranging from professional developers to business analysts—to visually model, design and deploy applications that can automate complex operations, orchestrate tasks across systems, and deliver real-time analytics.