5,576 Shares in Appian Co. (NASDAQ:APPN) Bought by Quadrature Capital Ltd

Quadrature Capital Ltd purchased a new stake in shares of Appian Co. (NASDAQ:APPN) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 5,576 shares of the company’s stock, valued at approximately $210,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of APPN. Deutsche Bank AG grew its stake in shares of Appian by 13.2% during the third quarter. Deutsche Bank AG now owns 21,129 shares of the company’s stock valued at $964,000 after buying an additional 2,468 shares during the last quarter. Rhumbline Advisers grew its stake in shares of Appian by 0.5% during the third quarter. Rhumbline Advisers now owns 59,692 shares of the company’s stock valued at $2,723,000 after buying an additional 299 shares during the last quarter. Graham Capital Management L.P. bought a new position in shares of Appian during the third quarter valued at about $560,000. Vanguard Group Inc. grew its stake in shares of Appian by 3.4% during the third quarter. Vanguard Group Inc. now owns 4,556,543 shares of the company’s stock valued at $207,824,000 after buying an additional 147,785 shares during the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of Appian in the fourth quarter worth about $308,000. 52.70% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms recently issued reports on APPN. Barclays cut their target price on Appian from $36.00 to $32.00 and set an “underweight” rating on the stock in a research note on Friday, May 3rd. William Blair reissued an “outperform” rating on shares of Appian in a research note on Wednesday, March 20th. Citigroup raised their target price on Appian from $48.00 to $52.00 and gave the stock a “neutral” rating in a research note on Friday, March 22nd. KeyCorp cut their target price on Appian from $50.00 to $37.00 and set an “overweight” rating on the stock in a research note on Friday, May 3rd. Finally, DA Davidson lowered their price objective on shares of Appian from $55.00 to $52.00 and set a “buy” rating for the company in a report on Monday, March 4th. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $46.43.

Appian Stock Performance

Shares of APPN opened at $30.53 on Friday. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.33 and a quick ratio of 1.33. Appian Co. has a one year low of $26.28 and a one year high of $52.99. The company has a 50-day simple moving average of $31.25 and a two-hundred day simple moving average of $34.25. The firm has a market capitalization of $2.21 billion, a PE ratio of -20.77 and a beta of 1.43.

Appian (NASDAQ:APPN) last released its earnings results on Thursday, May 2nd. The company reported ($0.24) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.09). Appian had a negative net margin of 19.20% and a negative return on equity of 204.82%. The business had revenue of $149.80 million for the quarter, compared to analysts’ expectations of $149.78 million. During the same quarter in the previous year, the business posted ($0.42) earnings per share. Appian’s revenue for the quarter was up 10.8% on a year-over-year basis. On average, analysts anticipate that Appian Co. will post -1.38 EPS for the current fiscal year.

Insider Activity

In other Appian news, Director Albert G.W. Biddle III bought 3,225 shares of the stock in a transaction dated Thursday, May 30th. The stock was purchased at an average cost of $28.02 per share, for a total transaction of $90,364.50. Following the completion of the acquisition, the director now owns 19,689 shares of the company’s stock, valued at $551,685.78. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 44.00% of the company’s stock.

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.