Amundi Has $346,000 Holdings in Appian Co. (NASDAQ:APPN)

Amundi lessened its holdings in shares of Appian Co. (NASDAQ:APPN) by 19.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,962 shares of the company’s stock after selling 2,429 shares during the quarter. Amundi’s holdings in Appian were worth $346,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Oppenheimer & Co. Inc. boosted its holdings in shares of Appian by 5.1% during the fourth quarter. Oppenheimer & Co. Inc. now owns 8,200 shares of the company’s stock worth $270,000 after acquiring an additional 400 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Appian by 0.6% during the third 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 acquiring an additional 491 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in shares of Appian by 3.3% during the third quarter. The Manufacturers Life Insurance Company now owns 21,688 shares of the company’s stock worth $740,000 after acquiring an additional 686 shares during the period. Handelsbanken Fonder AB boosted its holdings 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 acquiring an additional 1,100 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Appian by 1.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 334,847 shares of the company’s stock worth $11,432,000 after acquiring an additional 3,817 shares during the period. Institutional investors and hedge funds own 52.70% of the company’s stock.

Analyst Upgrades and Downgrades

APPN has been the subject of a number of research analyst reports. Scotiabank initiated coverage on Appian in a report on Monday, January 6th. They set a “sector perform” rating and a $37.00 price objective for the company. Barclays boosted their price target on Appian from $34.00 to $37.00 and gave the company an “underweight” rating in a research note on Friday, December 6th. Finally, KeyCorp reiterated a “sector weight” rating on shares of Appian in a research note on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $40.17.

Appian Trading Up 3.7 %

Shares of APPN stock opened at $30.79 on Friday. The stock has a market cap of $2.28 billion, a P/E ratio of -24.44 and a beta of 1.65. The stock has a 50 day simple moving average of $32.78 and a 200 day simple moving average of $34.19. Appian Co. has a 1 year low of $26.28 and a 1 year high of $43.33.

Appian (NASDAQ:APPN) last released its earnings results on Wednesday, February 19th. The company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.11). Appian had a negative return on equity of 532.05% and a negative net margin of 14.95%. The business had revenue of $166.70 million for the quarter, compared to the consensus estimate of $164.31 million. During the same quarter in the previous year, the company earned $0.06 earnings per share. The firm’s revenue for the quarter was up 14.7% on a year-over-year basis. Analysts forecast that Appian Co. will post -0.28 EPS for the current year.

Insiders Place Their Bets

In other Appian news, Director Albert G.W. Biddle III sold 990 shares of the company’s stock in a transaction on Monday, February 24th. The stock was 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 directly owns 29,348 shares in the company, valued at $974,647.08. This represents a 3.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 44.00% of the company’s stock.

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.