22,441 Shares in Appian Corporation $APPN Bought by Quantinno Capital Management LP

Quantinno Capital Management LP bought a new stake in shares of Appian Corporation (NASDAQ:APPN) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 22,441 shares of the company’s stock, valued at approximately $541,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Aster Capital Management DIFC Ltd acquired a new stake in Appian in the fourth quarter worth about $30,000. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Appian by 693.4% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 968 shares of the company’s stock valued at $30,000 after acquiring an additional 846 shares in the last quarter. KBC Group NV purchased a new position in shares of Appian in the 1st quarter valued at approximately $31,000. Kestra Advisory Services LLC purchased a new position in shares of Appian in the 4th quarter valued at approximately $34,000. Finally, State of Wyoming raised its position in shares of Appian by 55.0% in the 4th quarter. State of Wyoming now owns 1,462 shares of the company’s stock valued at $52,000 after purchasing an additional 519 shares during the last quarter. 52.70% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have weighed in on APPN shares. DA Davidson boosted their target price on shares of Appian from $34.00 to $42.00 and gave the stock a “neutral” rating in a research report on Friday, August 14th. Weiss Ratings raised shares of Appian from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, August 6th. TD Cowen lowered their price objective on shares of Appian from $27.00 to $24.00 and set a “hold” rating for the company in a research note on Friday, May 15th. Morgan Stanley lifted their price objective on shares of Appian from $25.00 to $32.00 and gave the stock an “equal weight” rating in a research note on Friday, August 7th. Finally, Zacks Research raised shares of Appian from a “hold” rating to a “strong-buy” rating in a report on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $31.00.

Appian Price Performance

NASDAQ APPN opened at $37.28 on Friday. The stock’s 50 day simple moving average is $26.77 and its 200-day simple moving average is $24.74. The company has a market cap of $2.67 billion, a PE ratio of -248.52 and a beta of 0.85. Appian Corporation has a 1-year low of $18.63 and a 1-year high of $46.06.

Appian (NASDAQ:APPN) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.13 EPS for the quarter. The firm had revenue of $203.26 million during the quarter, compared to analysts’ expectations of $193.38 million. Appian had a negative return on equity of 35.20% and a negative net margin of 1.34%.The firm’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, equities research analysts anticipate that Appian Corporation will post 0.45 EPS for the current fiscal year.

Insider Activity at Appian

In other news, CEO Matthew W. Calkins sold 50,000 shares of the firm’s stock in a transaction dated Tuesday, July 7th. The shares were sold at an average price of $24.72, for a total value of $1,236,000.00. Following the transaction, the chief executive officer directly owned 1,719,144 shares of the company’s stock, valued at approximately $42,497,239.68. This trade represents a 2.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 42.81% of the stock is owned by company insiders.

About Appian

Appian Corporation is a global technology company specializing in low-code automation platforms designed to streamline business processes. Founded in 1999 by Matt Calkins, the company provides an integrated suite of tools that enables organizations to build enterprise applications and workflows rapidly with minimal hand coding. The platform combines process management, robotic process automation (RPA), artificial intelligence (AI) capabilities and data integration into a single environment, allowing businesses to accelerate digital transformation initiatives.

The core offering, the Appian Low-Code Platform, empowers users—ranging from professional developers to business analysts—to visually model, design and deploy applications that can automate complex operations, orchestrate tasks across systems, and deliver real-time analytics.