Nebula Research & Development LLC Buys New Stake in Appian Corporation $APPN

Nebula Research & Development LLC purchased a new position in Appian Corporation (NASDAQ:APPN) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 67,731 shares of the company’s stock, valued at approximately $2,022,000.

Several other institutional investors have also bought and sold shares of APPN. Jones Financial Companies Lllp increased its holdings in shares of Appian by 347,121.5% in the 1st quarter. Jones Financial Companies Lllp now owns 1,579,858 shares of the company’s stock worth $45,516,000 after buying an additional 1,579,403 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in Appian by 211.8% in the second quarter. Arrowstreet Capital Limited Partnership now owns 690,788 shares of the company’s stock worth $20,627,000 after acquiring an additional 469,259 shares in the last quarter. Marshall Wace LLP grew its position in Appian by 150.8% in the second quarter. Marshall Wace LLP now owns 609,354 shares of the company’s stock worth $18,195,000 after acquiring an additional 366,349 shares in the last quarter. Acadian Asset Management LLC increased its stake in Appian by 378.0% during the second quarter. Acadian Asset Management LLC now owns 382,103 shares of the company’s stock worth $11,397,000 after acquiring an additional 302,170 shares during the last quarter. Finally, Hawk Ridge Capital Management LP purchased a new stake in Appian during the first quarter valued at approximately $7,557,000. Institutional investors own 52.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Appian in a report on Monday. Cowen reaffirmed a “hold” rating on shares of Appian in a research note on Thursday, November 6th. DA Davidson initiated coverage on shares of Appian in a research report on Friday, November 7th. They set a “hold” rating and a $38.00 price objective on the stock. Wall Street Zen upgraded shares of Appian from a “buy” rating to a “strong-buy” rating in a report on Saturday, December 6th. Finally, Zacks Research upgraded shares of Appian from a “hold” rating to a “strong-buy” rating in a report on Friday, December 5th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, Appian currently has an average rating of “Hold” and a consensus target price of $39.00.

Appian Trading Down 7.0%

Shares of APPN opened at $38.07 on Friday. The firm has a fifty day moving average price of $35.71 and a 200-day moving average price of $32.10. The firm has a market capitalization of $2.81 billion, a P/E ratio of -380.66 and a beta of 0.84. Appian Corporation has a 12-month low of $24.00 and a 12-month high of $46.06.

Appian (NASDAQ:APPN) last announced its quarterly earnings data on Thursday, November 6th. The company reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.27. The company had revenue of $187.00 million for the quarter, compared to the consensus estimate of $174.11 million. The company’s quarterly revenue was up 21.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.15 EPS. Analysts predict that Appian Corporation will post -0.28 earnings per share for the current year.

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.