Quantinno Capital Management LP Purchases New Stake in Appian Corporation $APPN

Quantinno Capital Management LP acquired a new position in shares of Appian Corporation (NASDAQ:APPN) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 22,441 shares of the company’s stock, valued at approximately $541,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. RPD Fund Management LLC purchased a new stake in Appian in the 1st quarter valued at $94,496,000. Lead Edge Capital Management LLC raised its holdings in shares of Appian by 18.5% during the 1st quarter. Lead Edge Capital Management LLC now owns 1,905,634 shares of the company’s stock worth $45,945,000 after acquiring an additional 296,845 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in shares of Appian by 16.5% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,519,653 shares of the company’s stock valued at $36,639,000 after acquiring an additional 215,183 shares during the last quarter. Sei Investments Co. boosted its position in shares of Appian by 7.7% during the 1st quarter. Sei Investments Co. now owns 85,099 shares of the company’s stock valued at $2,052,000 after acquiring an additional 6,057 shares during the last quarter. Finally, State of Wyoming grew its holdings in shares of Appian by 580.8% in the first quarter. State of Wyoming now owns 9,953 shares of the company’s stock valued at $240,000 after purchasing an additional 8,491 shares during the period. Institutional investors and hedge funds own 52.70% of the company’s stock.

Analysts Set New Price Targets

APPN has been the subject of several recent analyst reports. Barclays raised their price objective on shares of Appian from $21.00 to $23.00 and gave the stock an “underweight” rating in a research report on Friday, May 8th. Morgan Stanley boosted their target price on shares of Appian from $25.00 to $32.00 and gave the company an “equal weight” rating in a report on Friday, August 7th. Citigroup increased their price target on shares of Appian from $37.00 to $40.00 and gave the company a “buy” rating in a research note on Friday, August 7th. TD Cowen cut their price target on shares of Appian from $27.00 to $24.00 and set a “hold” rating for the company in a report on Friday, May 15th. Finally, DA Davidson lifted their price target on shares of Appian from $34.00 to $42.00 and gave the company a “neutral” rating in a research report on Friday, August 14th. One 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’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $31.00.

Insider Buying and Selling

In related news, CEO Matthew W. Calkins sold 50,000 shares of the firm’s stock in a transaction dated 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 position. The sale was disclosed in a legal filing with the SEC, which is available through 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.

Appian Stock Down 0.7%

NASDAQ:APPN opened at $37.28 on Friday. The stock’s fifty day moving average is $26.77 and its two-hundred day moving average is $24.74. Appian Corporation has a 52 week low of $18.63 and a 52 week high of $46.06. The stock has a market capitalization of $2.67 billion, a price-to-earnings ratio of -248.52 and a beta of 0.85.

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

Appian Company Profile

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.