VIRGINIA RETIREMENT SYSTEMS ET Al Purchases New Position in Appian Corporation $APPN

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Appian Corporation (NASDAQ:APPN) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 61,458 shares of the company’s stock, valued at approximately $1,407,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. State of Wyoming boosted its position in Appian by 55.0% during the 4th quarter. State of Wyoming now owns 1,462 shares of the company’s stock valued at $52,000 after acquiring an additional 519 shares in the last quarter. ProShare Advisors LLC grew its holdings in shares of Appian by 7.8% during the 4th quarter. ProShare Advisors LLC now owns 7,481 shares of the company’s stock worth $265,000 after acquiring an additional 543 shares during the period. Legal & General Group Plc raised its position in shares of Appian by 1.7% in the 3rd quarter. Legal & General Group Plc now owns 37,730 shares of the company’s stock worth $1,153,000 after acquiring an additional 632 shares in the last quarter. Aster Capital Management DIFC Ltd bought a new position in shares of Appian in the 4th quarter worth approximately $30,000. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in shares of Appian by 693.4% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 968 shares of the company’s stock valued at $30,000 after purchasing an additional 846 shares during the period. 52.70% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

APPN has been the topic of several research reports. Morgan Stanley lifted their price target on Appian from $25.00 to $32.00 and gave the company an “equal weight” rating in a research report on Friday, August 7th. Zacks Research upgraded Appian from a “hold” rating to a “strong-buy” rating in a report on Friday, August 7th. Weiss Ratings raised Appian from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, September 3rd. DA Davidson boosted their target price on shares of Appian from $34.00 to $42.00 and gave the company a “neutral” rating in a report on Friday, August 14th. Finally, Wall Street Zen upgraded shares of Appian from a “buy” rating to a “strong-buy” rating in a research note on Saturday. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $31.00.

Appian Stock Up 2.0%

Shares of APPN opened at $34.76 on Friday. The stock has a market cap of $2.49 billion, a P/E ratio of -231.72 and a beta of 0.94. The business’s 50 day moving average price is $32.02 and its 200-day moving average price is $26.31. Appian Corporation has a 52 week low of $18.63 and a 52 week high of $46.06.

Appian (NASDAQ:APPN) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.13 earnings per share for the quarter. The company had revenue of $203.26 million during the quarter, compared to analyst estimates of $193.38 million. Appian had a negative return on equity of 35.20% and a negative net margin of 1.34%.The business’s revenue for the quarter was up 19.1% on a year-over-year basis. 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 analysts anticipate that Appian Corporation will post 0.45 EPS for the current year.

Insider Buying and Selling at Appian

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

Appian Company Profile

Appian Corporation develops enterprise software designed to help organizations build applications and automate business processes. Its low-code platform enables users to design, deploy and manage applications with limited traditional programming, supporting workflow automation, process orchestration, case management and business process improvement.

The Appian Platform combines application development tools with data management, artificial intelligence, robotic process automation and process-mining capabilities.