Baillie Gifford & Co. Grows Holdings in Appian Co. (NASDAQ:APPN)

Baillie Gifford & Co. increased its position in Appian Co. (NASDAQ:APPN) by 5.6% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 1,756,419 shares of the company’s stock after buying an additional 93,251 shares during the period. Baillie Gifford & Co. owned about 2.39% of Appian worth $70,169,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Arizona State Retirement System boosted its stake in Appian by 4.6% in the 4th quarter. Arizona State Retirement System now owns 9,308 shares of the company’s stock worth $351,000 after purchasing an additional 411 shares during the period. Victory Capital Management Inc. raised its stake in shares of Appian by 22.9% in the fourth quarter. Victory Capital Management Inc. now owns 5,509 shares of the company’s stock valued at $207,000 after acquiring an additional 1,027 shares during the period. Headlands Technologies LLC purchased a new stake in Appian in the 4th quarter worth about $47,000. Concord Wealth Partners purchased a new stake in shares of Appian in the first quarter worth approximately $85,000. Finally, Los Angeles Capital Management LLC boosted its holdings in Appian by 14.1% during the 1st quarter. Los Angeles Capital Management LLC now owns 23,285 shares of the company’s stock valued at $930,000 after acquiring an additional 2,881 shares during the period. 52.70% of the stock is owned by institutional investors.

Insider Buying and Selling at Appian

In other Appian news, Director Albert G.W. Biddle III acquired 3,225 shares of the company’s stock in a transaction that occurred on Thursday, May 30th. The stock was bought at an average price of $28.02 per share, with a total value of $90,364.50. Following the purchase, the director now owns 19,689 shares in the company, valued at $551,685.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 44.00% of the company’s stock.

Appian Trading Up 1.0 %

Shares of APPN stock traded up $0.30 during trading hours on Friday, reaching $31.09. 892,238 shares of the company’s stock were exchanged, compared to its average volume of 469,299. Appian Co. has a 1 year low of $26.28 and a 1 year high of $52.99. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.33 and a quick ratio of 1.33. The stock’s fifty day moving average price is $30.62 and its two-hundred day moving average price is $33.99.

Appian (NASDAQ:APPN) last issued its quarterly earnings results on Thursday, May 2nd. The company reported ($0.24) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.09). The business had revenue of $149.80 million during the quarter, compared to analyst estimates of $149.78 million. Appian had a negative return on equity of 204.82% and a negative net margin of 19.20%. Appian’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same quarter last year, the company posted ($0.42) EPS. As a group, equities research analysts expect that Appian Co. will post -1.38 EPS for the current year.

Wall Street Analyst Weigh In

APPN has been the subject of several research analyst reports. Citigroup lifted their target price on Appian from $48.00 to $52.00 and gave the stock a “neutral” rating in a research report on Friday, March 22nd. Barclays decreased their price objective on Appian from $36.00 to $32.00 and set an “underweight” rating for the company in a report on Friday, May 3rd. William Blair reiterated an “outperform” rating on shares of Appian in a report on Wednesday, March 20th. Finally, KeyCorp lowered their price target on shares of Appian from $50.00 to $37.00 and set an “overweight” rating for the company in a research report on Friday, May 3rd. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $46.43.

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.