Chicago Partners Investment Group LLC Grows Holdings in Appian Corporation $APPN

Chicago Partners Investment Group LLC grew its stake in Appian Corporation (NASDAQ:APPN) by 7.6% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 33,878 shares of the company’s stock after acquiring an additional 2,383 shares during the period. Chicago Partners Investment Group LLC’s holdings in Appian were worth $1,027,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in Appian during the 2nd quarter worth approximately $556,000. KLP Kapitalforvaltning AS increased its stake in Appian by 40.0% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 7,700 shares of the company’s stock worth $230,000 after buying an additional 2,200 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its stake in Appian by 7.4% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,386 shares of the company’s stock worth $221,000 after buying an additional 507 shares during the period. Rhumbline Advisers increased its stake in Appian by 4.4% during the 1st quarter. Rhumbline Advisers now owns 60,088 shares of the company’s stock worth $1,731,000 after buying an additional 2,528 shares during the period. Finally, Acadian Asset Management LLC purchased a new stake in Appian during the 1st quarter worth approximately $2,300,000. 52.70% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. DA Davidson assumed coverage on shares of Appian in a report on Friday, August 8th. They set a “neutral” rating and a $30.00 price target for the company. Zacks Research upgraded shares of Appian from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 8th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Appian in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Appian currently has a consensus rating of “Hold” and an average price target of $33.40.

Appian Price Performance

APPN stock opened at $29.21 on Tuesday. The company has a fifty day moving average price of $30.29 and a 200 day moving average price of $29.95. Appian Corporation has a 12 month low of $24.00 and a 12 month high of $43.33. The company has a market cap of $2.16 billion, a price-to-earnings ratio of -126.99 and a beta of 1.76.

Appian (NASDAQ:APPN) last released its quarterly earnings results on Thursday, August 7th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.01). The company had revenue of $170.64 million for the quarter, compared to analysts’ expectations of $160.01 million. During the same period last year, the business posted ($0.26) EPS. Appian’s revenue was up 16.5% compared to the same quarter last year. Appian has set its FY 2025 guidance at 0.280-0.360 EPS. Q3 2025 guidance at 0.030-0.070 EPS. As a group, analysts anticipate that Appian Corporation will post -0.28 earnings per share for the current year.

About Appian

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.