Algert Global LLC Increases Stock Holdings in Appian Corporation $APPN

Algert Global LLC boosted its holdings in Appian Corporation (NASDAQ:APPN) by 482.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 429,512 shares of the company’s stock after purchasing an additional 355,828 shares during the quarter. Algert Global LLC owned approximately 0.58% of Appian worth $13,130,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in Appian by 13.0% in the 3rd quarter. Vanguard Group Inc. now owns 5,935,948 shares of the company’s stock valued at $181,462,000 after buying an additional 681,643 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in shares of Appian by 86.9% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,291,124 shares of the company’s stock worth $39,470,000 after acquiring an additional 600,336 shares during the last quarter. Wolf Hill Capital Management LP boosted its position in shares of Appian by 298.1% in the third quarter. Wolf Hill Capital Management LP now owns 995,210 shares of the company’s stock worth $30,424,000 after acquiring an additional 745,210 shares during the last quarter. Marshall Wace LLP grew its holdings in Appian by 150.8% in the second quarter. Marshall Wace LLP now owns 609,354 shares of the company’s stock valued at $18,195,000 after purchasing an additional 366,349 shares during the period. Finally, Qube Research & Technologies Ltd grew its holdings in Appian by 70.2% in the second quarter. Qube Research & Technologies Ltd now owns 496,741 shares of the company’s stock valued at $14,833,000 after purchasing an additional 204,925 shares during the period. 52.70% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on APPN shares. Wall Street Zen downgraded shares of Appian from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 23rd. Zacks Research upgraded Appian from a “hold” rating to a “strong-buy” rating in a report on Monday, February 23rd. DA Davidson set a $25.00 target price on Appian in a research report on Friday, February 20th. UBS Group set a $21.00 target price on Appian in a report on Friday, February 20th. Finally, Citigroup lowered their price target on Appian from $48.00 to $38.00 and set a “buy” rating for the company in a research report on Friday, February 20th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $30.00.

Appian Stock Up 1.7%

Appian stock opened at $25.59 on Monday. The firm has a fifty day moving average of $27.53 and a 200-day moving average of $32.10. Appian Corporation has a 52-week low of $21.77 and a 52-week high of $46.06. The firm has a market capitalization of $1.89 billion, a P/E ratio of 2,559.00 and a beta of 0.92.

Appian (NASDAQ:APPN) last announced its quarterly earnings results on Thursday, February 19th. The company reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.04. Appian had a net margin of 0.17% and a negative return on equity of 11.83%. The firm had revenue of $202.87 million during the quarter, compared to analysts’ expectations of $189.33 million. Appian’s revenue for the quarter 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 expect that Appian Corporation will post -0.28 EPS for the current fiscal year.

Appian 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.