US Bancorp DE Has $131,000 Position in Appian Co. (NASDAQ:APPN)

US Bancorp DE cut its stake in Appian Co. (NASDAQ:APPN) by 16.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,847 shares of the company’s stock after selling 737 shares during the quarter. US Bancorp DE’s holdings in Appian were worth $131,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of Appian by 8.4% during the 1st quarter. Vanguard Group Inc. now owns 5,081,560 shares of the company’s stock worth $203,008,000 after purchasing an additional 392,190 shares during the last quarter. Empyrean Capital Partners LP bought a new stake in Appian in the second quarter worth $7,715,000. CANADA LIFE ASSURANCE Co increased its position in Appian by 70.7% during the first quarter. CANADA LIFE ASSURANCE Co now owns 474,100 shares of the company’s stock worth $18,922,000 after buying an additional 196,435 shares during the last quarter. Edgestream Partners L.P. bought a new position in Appian during the second quarter valued at about $4,657,000. Finally, 272 Capital LP acquired a new stake in shares of Appian in the second quarter worth about $2,179,000. Institutional investors and hedge funds own 52.70% of the company’s stock.

Analyst Ratings Changes

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

Insider Activity at Appian

In other news, major shareholder Abdiel Capital Advisors, Lp bought 10,265 shares of the business’s stock in a transaction that occurred on Tuesday, October 1st. The stock was acquired at an average cost of $33.75 per share, for a total transaction of $346,443.75. Following the completion of the purchase, the insider now owns 10,179,538 shares of the company’s stock, valued at $343,559,407.50. This trade represents a 0.10 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last 90 days, insiders purchased 224,717 shares of company stock worth $7,114,354. Company insiders own 44.00% of the company’s stock.

Appian Trading Down 3.1 %

Shares of APPN stock opened at $36.43 on Friday. The firm has a market capitalization of $2.64 billion, a P/E ratio of -29.58 and a beta of 1.57. Appian Co. has a 1 year low of $26.28 and a 1 year high of $43.33. The firm’s fifty day simple moving average is $33.98 and its 200 day simple moving average is $32.31.

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.