Barclays PLC Purchases 53,172 Shares of Appian Co. (NASDAQ:APPN)

Barclays PLC raised its position in shares of Appian Co. (NASDAQ:APPN) by 285.9% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 71,771 shares of the company’s stock after purchasing an additional 53,172 shares during the quarter. Barclays PLC owned 0.08% of Appian worth $2,451,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Bank of New York Mellon Corp increased its position in shares of Appian by 10.0% during the second quarter. Bank of New York Mellon Corp now owns 143,983 shares of the company’s stock valued at $4,443,000 after acquiring an additional 13,046 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Appian by 36.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,280 shares of the company’s stock worth $348,000 after purchasing an additional 2,993 shares in the last quarter. Crossmark Global Holdings Inc. raised its stake in shares of Appian by 3.0% in the second quarter. Crossmark Global Holdings Inc. now owns 9,693 shares of the company’s stock worth $299,000 after purchasing an additional 280 shares during the last quarter. nVerses Capital LLC bought a new position in shares of Appian during the second quarter valued at $105,000. Finally, Rhumbline Advisers boosted its position in shares of Appian by 2.4% during the second quarter. Rhumbline Advisers now owns 59,779 shares of the company’s stock valued at $1,845,000 after buying an additional 1,386 shares during the last quarter. 52.70% of the stock is owned by hedge funds and other institutional investors.

Appian Stock Performance

Shares of NASDAQ:APPN opened at $34.51 on Thursday. Appian Co. has a 52-week low of $26.28 and a 52-week high of $43.33. The stock has a market capitalization of $2.95 billion, a price-to-earnings ratio of -28.29 and a beta of 1.57. The stock’s 50-day simple moving average is $36.64 and its two-hundred day simple moving average is $33.47.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. DA Davidson reissued a “neutral” rating and issued a $33.00 target price on shares of Appian in a research report on Monday, October 14th. Barclays boosted their price objective on shares of Appian from $34.00 to $37.00 and gave the company an “underweight” rating in a report on Friday, December 6th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $40.80.

Insider Activity at Appian

In related news, major shareholder Abdiel Capital Advisors, Lp purchased 10,265 shares of the business’s stock in a transaction on Tuesday, October 1st. The stock was acquired at an average price of $33.75 per share, with a total value of $346,443.75. Following the completion of the acquisition, the insider now owns 10,179,538 shares of the company’s stock, valued at approximately $343,559,407.50. This trade represents a 0.10 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director William D. Mccarthy sold 700 shares of the firm’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $38.78, for a total value of $27,146.00. Following the completion of the transaction, the director now directly owns 7,966 shares in the company, valued at $308,921.48. This trade represents a 8.08 % decrease in their position. The disclosure for this sale can be found here. 44.00% of the stock is currently owned by company insiders.

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.