GSA Capital Partners LLP Raises Position in Appian Co. (NASDAQ:APPN)

GSA Capital Partners LLP raised its holdings in Appian Co. (NASDAQ:APPN - Free Report) by 354.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 57,630 shares of the company's stock after buying an additional 44,957 shares during the quarter. GSA Capital Partners LLP owned 0.08% of Appian worth $1,967,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Chicago Partners Investment Group LLC raised its holdings in shares of Appian by 9.7% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 26,314 shares of the company's stock worth $898,000 after acquiring an additional 2,337 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new position in Appian during the third quarter worth about $29,000. Creative Planning raised its holdings in shares of Appian by 22.3% in the 3rd quarter. Creative Planning now owns 8,197 shares of the company's stock valued at $280,000 after acquiring an additional 1,493 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of Appian during the 3rd quarter valued at about $398,000. Finally, Point72 Asia Singapore Pte. Ltd. grew its holdings in shares of Appian by 35.8% during the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,126 shares of the company's stock worth $127,000 after purchasing an additional 1,088 shares in the last quarter. Institutional investors and hedge funds own 52.70% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on APPN shares. William Blair downgraded shares of Appian from an "outperform" rating to a "market perform" rating in a report on Thursday, August 1st. Barclays lifted their price target on shares of Appian from $29.00 to $34.00 and gave the company an "underweight" rating in a report on Friday, November 8th. KeyCorp downgraded shares of Appian from an "overweight" rating to a "sector weight" rating in a report on Friday, August 2nd. The Goldman Sachs Group lowered their price target on Appian from $47.00 to $41.00 and set a "buy" rating on the stock in a report on Friday, August 2nd. Finally, DA Davidson reissued a "neutral" rating and set a $33.00 price target on shares of Appian in a research note on Monday, October 14th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, Appian currently has a consensus rating of "Hold" and an average price target of $40.20.

Insiders Place Their Bets

In other Appian news, major shareholder Abdiel Capital Advisors, Lp purchased 266,976 shares of the firm's stock in a transaction dated Friday, August 16th. The shares were purchased at an average cost of $30.50 per share, with a total value of $8,142,768.00. Following the completion of the purchase, the insider now owns 9,644,390 shares in the company, valued at approximately $294,153,895. This represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Insiders have acquired a total of 491,693 shares of company stock valued at $15,257,122 in the last 90 days. 44.00% of the stock is owned by insiders.

Appian Trading Down 0.0 %

NASDAQ:APPN traded down $0.01 during trading hours on Wednesday, hitting $39.95. 636,834 shares of the stock were exchanged, compared to its average volume of 552,174. Appian Co. has a 52-week low of $26.28 and a 52-week high of $43.33. The company has a market cap of $2.89 billion, a P/E ratio of -32.75 and a beta of 1.57. The firm's fifty day moving average price is $33.68 and its 200 day moving average price is $32.22.

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.