Appian Co. (NASDAQ:APPN) Shares Purchased by Vanguard Group Inc.

Vanguard Group Inc. increased its holdings in shares of Appian Co. (NASDAQ:APPN - Free Report) by 0.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 5,028,472 shares of the company's stock after acquiring an additional 23,890 shares during the period. Vanguard Group Inc. owned approximately 5.89% of Appian worth $165,839,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Barclays PLC grew its stake in Appian by 285.9% in the 3rd quarter. Barclays PLC now owns 71,771 shares of the company's stock valued at $2,451,000 after acquiring an additional 53,172 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Appian in the fourth quarter valued at about $1,688,000. Handelsbanken Fonder AB increased its stake in shares of Appian by 14.7% during the fourth quarter. Handelsbanken Fonder AB now owns 8,600 shares of the company's stock worth $284,000 after purchasing an additional 1,100 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Appian by 0.6% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 80,242 shares of the company's stock worth $2,739,000 after purchasing an additional 491 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in Appian by 0.6% in the 3rd quarter. Geode Capital Management LLC now owns 957,493 shares of the company's stock valued at $32,695,000 after buying an additional 5,772 shares in the last quarter. Hedge funds and other institutional investors own 52.70% of the company's stock.

Insider Transactions at Appian

In other news, major shareholder Abdiel Capital Advisors, Lp sold 29,971 shares of the company's stock in a transaction that occurred on Friday, April 11th. The shares were sold at an average price of $27.04, for a total value of $810,415.84. Following the transaction, the insider now directly owns 9,835,219 shares in the company, valued at approximately $265,944,321.76. This represents a 0.30 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Albert G.W. Biddle III sold 990 shares of Appian stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $33.21, for a total transaction of $32,877.90. Following the completion of the sale, the director now owns 29,348 shares of the company's stock, valued at $974,647.08. This trade represents a 3.26 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 202,407 shares of company stock worth $5,616,122. 44.00% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on APPN. KeyCorp reiterated a "sector weight" rating on shares of Appian in a research report on Tuesday, January 14th. Scotiabank began coverage on shares of Appian in a report on Monday, January 6th. They issued a "sector perform" rating and a $37.00 price objective for the company. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $37.80.

Appian Trading Down 0.8 %

APPN stock traded down $0.23 during trading on Friday, reaching $27.02. 345,180 shares of the stock were exchanged, compared to its average volume of 551,754. The firm has a market capitalization of $2.00 billion, a price-to-earnings ratio of -21.44 and a beta of 1.78. The business has a 50 day moving average price of $30.90 and a 200-day moving average price of $33.75. Appian Co. has a 1 year low of $24.00 and a 1 year high of $43.33.

Appian (NASDAQ:APPN - Get Free Report) last released its quarterly earnings results on Wednesday, February 19th. The company reported ($0.12) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.11). The firm had revenue of $166.70 million for the quarter, compared to analysts' expectations of $164.31 million. Appian had a negative net margin of 14.95% and a negative return on equity of 532.05%. The firm's quarterly revenue was up 14.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.06 EPS. On average, research analysts anticipate that Appian Co. will post -0.28 EPS 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.