18,003 Shares of Appian Corporation $APPN Bought by Inspire Investing LLC

Inspire Investing LLC acquired a new position in Appian Corporation (NASDAQ:APPN) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 18,003 shares of the company’s stock, valued at approximately $635,000.

Several other institutional investors have also recently bought and sold shares of APPN. RPD Fund Management LLC bought a new stake in shares of Appian during the first quarter worth approximately $94,496,000. Lead Edge Capital Management LLC boosted its stake in Appian by 18.5% in the 1st quarter. Lead Edge Capital Management LLC now owns 1,905,634 shares of the company’s stock worth $45,945,000 after purchasing an additional 296,845 shares during the period. Arrowstreet Capital Limited Partnership lifted its stake in Appian by 16.5% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,519,653 shares of the company’s stock valued at $36,639,000 after acquiring an additional 215,183 shares in the last quarter. First Trust Advisors LP grew its position in Appian by 16.9% in the first quarter. First Trust Advisors LP now owns 1,355,961 shares of the company’s stock valued at $32,692,000 after purchasing an additional 196,021 shares in the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Appian during the second quarter valued at approximately $1,407,000. Institutional investors own 52.70% of the company’s stock.

Appian Stock Down 2.9%

APPN stock opened at $50.47 on Friday. The firm has a market cap of $3.62 billion, a PE ratio of -336.44 and a beta of 0.92. Appian Corporation has a 12-month low of $18.63 and a 12-month high of $54.12. The business has a 50 day moving average of $40.19 and a 200-day moving average of $28.94.

Appian (NASDAQ:APPN) last posted its earnings results on Thursday, August 6th. The company reported $0.13 earnings per share for the quarter. Appian had a negative net margin of 1.34% and a negative return on equity of 35.20%. The firm had revenue of $203.26 million during the quarter, compared to the consensus estimate of $193.38 million. The company’s revenue was up 19.1% compared to the same quarter last year. Appian has set its FY 2026 guidance at 1.040-1.120 EPS and its Q3 2026 guidance at 0.310-0.350 EPS. On average, research analysts expect that Appian Corporation will post 0.46 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have recently commented on APPN. Citigroup lifted their target price on Appian from $37.00 to $40.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Weiss Ratings upgraded Appian from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, September 3rd. Barclays upped their target price on Appian from $26.00 to $30.00 and gave the stock an “underweight” rating in a research note on Tuesday, October 13th. Zacks Research cut shares of Appian from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 6th. Finally, DA Davidson upped their price target on shares of Appian from $34.00 to $42.00 and gave the company a “neutral” rating in a research report on Friday, August 14th. One analyst has rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Appian presently has an average rating of “Reduce” and an average target price of $32.17.

Insider Activity at Appian

In other Appian news, CEO Matthew Calkins sold 45,000 shares of Appian stock in a transaction that occurred on Wednesday, October 7th. The shares were sold at an average price of $37.50, for a total transaction of $1,687,500.00. Following the transaction, the chief executive officer directly owned 1,584,144 shares of the company’s stock, valued at approximately $59,405,400. This trade represents a 2.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 42.81% of the company’s stock.

About Appian

Appian Corporation (NASDAQ: APPN) develops and provides a low-code platform designed to help organizations build, manage and automate business applications and processes. Its platform combines process orchestration, workflow automation, artificial intelligence, robotic process automation, case management and data management capabilities in a unified environment.

Appian’s software is used to improve operational efficiency, connect data and systems, and support applications such as customer service, compliance, supply chain management and government services.