King Luther Capital Management Corp Cuts Stake in Appian Corporation $APPN

King Luther Capital Management Corp reduced its holdings in shares of Appian Corporation (NASDAQ:APPN) by 52.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 48,833 shares of the company’s stock after selling 54,716 shares during the period. King Luther Capital Management Corp owned about 0.07% of Appian worth $1,493,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in APPN. PNC Financial Services Group Inc. grew its stake in shares of Appian by 89.0% during the second quarter. PNC Financial Services Group Inc. now owns 1,198 shares of the company’s stock valued at $36,000 after buying an additional 564 shares during the last quarter. Jones Financial Companies Lllp boosted its holdings in Appian by 115.5% during the 3rd quarter. Jones Financial Companies Lllp now owns 1,653 shares of the company’s stock valued at $51,000 after acquiring an additional 886 shares during the period. SG Americas Securities LLC boosted its holdings in Appian by 6.5% during the 2nd quarter. SG Americas Securities LLC now owns 16,843 shares of the company’s stock valued at $503,000 after acquiring an additional 1,034 shares during the period. Voya Investment Management LLC grew its position in Appian by 17.5% during the 3rd quarter. Voya Investment Management LLC now owns 13,048 shares of the company’s stock worth $399,000 after acquiring an additional 1,940 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Appian by 2.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 90,080 shares of the company’s stock worth $2,595,000 after purchasing an additional 2,244 shares during the period. 52.70% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

APPN has been the subject of a number of recent analyst reports. Wall Street Zen lowered shares of Appian from a “strong-buy” rating to a “buy” rating in a report on Friday, January 23rd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Appian in a research note on Monday, December 29th. Zacks Research cut Appian from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 9th. Citigroup reduced their price target on Appian from $48.00 to $38.00 and set a “buy” rating on the stock in a report on Friday. Finally, Morgan Stanley set a $41.00 price objective on Appian in a report on Friday. Two investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $30.00.

Appian Price Performance

Shares of NASDAQ APPN opened at $25.14 on Friday. Appian Corporation has a 1 year low of $21.77 and a 1 year high of $46.06. The stock has a market capitalization of $1.86 billion, a P/E ratio of 2,514.00 and a beta of 0.90. The company’s 50-day moving average is $30.55 and its 200 day moving average is $32.35.

Appian (NASDAQ:APPN) last issued its quarterly earnings data on Thursday, February 19th. The company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.11 by $0.04. Appian had a net margin of 0.17% and a negative return on equity of 11.98%. The business had revenue of $202.87 million during the quarter, compared to analyst estimates of $189.33 million. Appian’s revenue for the quarter was up 21.7% compared to the same quarter last year. Appian has set its FY 2026 guidance at 0.820-0.960 EPS and its Q1 2026 guidance at 0.160-0.200 EPS. Research analysts anticipate that Appian Corporation will post -0.28 earnings per share for the current year.

Appian News Roundup

Here are the key news stories impacting Appian this week:

• Positive Sentiment: Q4 beat and revenue growth — Appian reported $0.15 EPS vs. consensus ~$0.11 and revenue of $202.9M (≈22% YoY growth), beating estimates. This is the main driver of the rally. Appian Q4 Earnings Surpass Estimates
• Positive Sentiment: Raised guidance — Appian issued Q1 FY2026 EPS guidance of $0.160–0.200 (well above street) and FY2026 EPS of $0.820–0.960, plus higher revenue ranges, which materially improved forward expectations. Press Release / Guidance
• Positive Sentiment: Profitability and buyback — Coverage notes Appian has turned profitable and announced a $50M buyback, supporting EPS trajectory and signaling management confidence. Investors Reacting To Appian Turning Profitable
• Positive Sentiment: Operational highlights — Cloud subscription revenue grew ~18–19% YoY (Q4 and FY cloud subs), and management cited AI-driven upsell momentum and public sector gains in the outlook. Earnings Presentation
• Neutral Sentiment: Supporting materials — Multiple transcripts and deep-dive write-ups (earnings call, slide deck) are available for due diligence; these provide detail but are informational rather than market-moving by themselves. Earnings Call Transcript
• Neutral Sentiment: Short-interest data appears anomalous — Recent short-interest reports show “0” shares (likely a reporting glitch); no clear signal of a meaningful short squeeze or covering pressure. MarketBeat
• Neutral Sentiment: Volume and momentum — Trading volume has picked up versus the stock’s average, consistent with earnings-driven moves; monitor whether volume sustains. Seeking Alpha: Stock Reaction
• Negative Sentiment: Analyst downgrades/target cuts — TD Cowen lowered its target to $30 (hold) and Barclays cut to $21 (underweight); these trims indicate some analysts are taking a more cautious view despite the beat. Benzinga (TD Cowen) Benzinga (Barclays)

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.