RPD Fund Management LLC Takes Position in Appian Corporation $APPN

RPD Fund Management LLC purchased a new stake in Appian Corporation (NASDAQ:APPN) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 3,919,356 shares of the company’s stock, valued at approximately $94,496,000. Appian comprises about 30.9% of RPD Fund Management LLC’s investment portfolio, making the stock its 2nd biggest position. RPD Fund Management LLC owned about 0.05% of Appian at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Lead Edge Capital Management LLC boosted its stake in 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 purchasing an additional 296,845 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in Appian by 16.5% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,519,653 shares of the company’s stock valued at $36,639,000 after purchasing an additional 215,183 shares during the period. Sei Investments Co. increased its stake in Appian by 7.7% in the first quarter. Sei Investments Co. now owns 85,099 shares of the company’s stock valued at $2,052,000 after purchasing an additional 6,057 shares during the period. State of Wyoming raised 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 buying an additional 8,491 shares during the last quarter. Finally, First Trust Advisors LP raised its holdings in shares of Appian by 16.9% in the first quarter. First Trust Advisors LP now owns 1,355,961 shares of the company’s stock valued at $32,692,000 after buying an additional 196,021 shares during the last quarter. Institutional investors and hedge funds own 52.70% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on APPN shares. Zacks Research lowered Appian from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 21st. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Appian in a research note on Wednesday, May 20th. Barclays upped their price objective on Appian from $21.00 to $23.00 and gave the company an “underweight” rating in a research note on Friday, May 8th. UBS Group set a $25.00 target price on Appian in a research note on Thursday, April 30th. Finally, DA Davidson dropped their target price on Appian from $25.00 to $22.00 and set a “neutral” rating on the stock in a report on Friday, May 15th. One analyst has rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus price target of $26.00.

Appian Stock Performance

NASDAQ:APPN opened at $23.75 on Monday. The stock has a fifty day moving average price of $23.36 and a two-hundred day moving average price of $24.54. The stock has a market capitalization of $1.74 billion, a price-to-earnings ratio of 2,377.38 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 released its earnings results on Thursday, May 7th. The company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.08. The company had revenue of $202.18 million during the quarter, compared to the consensus estimate of $191.56 million. Appian had a negative return on equity of 26.12% and a net margin of 0.12%.Appian’s quarterly revenue was up 21.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.13 earnings per share. Appian has set its FY 2026 guidance at 0.940-1.050 EPS and its Q2 2026 guidance at -0.020-0.020 EPS. On average, analysts predict that Appian Corporation will post 0.34 EPS for the current year.

Insider Activity

In related news, CRO Mark Dorsey acquired 5,227 shares of Appian stock in a transaction that occurred on Wednesday, May 13th. The stock was purchased at an average price of $19.13 per share, for a total transaction of $99,992.51. Following the completion of the purchase, the executive directly owned 13,993 shares of the company’s stock, valued at approximately $267,686.09. This trade represents a 59.63% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Matthew W. Calkins sold 50,000 shares of the business’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 sale, the chief executive officer directly owned 1,719,144 shares in the company, valued at approximately $42,497,239.68. This represents a 2.83% decrease in their position. The SEC filing for this sale provides additional information. 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.