Y Intercept Hong Kong Ltd Sells 59,362 Shares of Appian Corporation $APPN

Y Intercept Hong Kong Ltd lessened its holdings in shares of Appian Corporation (NASDAQ:APPN) by 87.1% in the first quarter, HoldingsChannel.com reports. The fund owned 8,826 shares of the company’s stock after selling 59,362 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Appian were worth $213,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of APPN. Arrowstreet Capital Limited Partnership raised its stake in Appian by 86.9% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,291,124 shares of the company’s stock valued at $39,470,000 after purchasing an additional 600,336 shares in the last quarter. Bank of America Corp DE grew its stake in Appian by 182.7% in the 2nd quarter. Bank of America Corp DE now owns 237,421 shares of the company’s stock worth $7,089,000 after buying an additional 524,420 shares in the last quarter. Caption Management LLC increased its holdings in shares of Appian by 127.3% in the 2nd quarter. Caption Management LLC now owns 80,472 shares of the company’s stock worth $2,403,000 after buying an additional 375,758 shares during the last quarter. Millennium Management LLC increased its holdings in shares of Appian by 475.9% in the 3rd quarter. Millennium Management LLC now owns 402,958 shares of the company’s stock worth $12,318,000 after buying an additional 332,992 shares during the last quarter. Finally, Squarepoint Ops LLC raised its position in shares of Appian by 269.9% during the 3rd quarter. Squarepoint Ops LLC now owns 346,550 shares of the company’s stock valued at $10,594,000 after buying an additional 252,850 shares in the last quarter. 52.70% of the stock is currently owned by institutional investors.

Appian Stock Performance

APPN stock opened at $25.33 on Thursday. The company has a market capitalization of $1.86 billion, a PE ratio of 2,535.54 and a beta of 0.85. Appian Corporation has a one year low of $18.63 and a one year high of $46.06. The company’s 50 day moving average price is $22.80 and its two-hundred day moving average price is $25.06.

Appian (NASDAQ:APPN) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.08. Appian had a net margin of 0.12% and a negative return on equity of 26.12%. The company had revenue of $202.18 million during the quarter, compared to analysts’ expectations of $191.56 million. During the same quarter in the prior year, the company earned $0.13 EPS. The firm’s revenue was up 21.5% on a year-over-year basis. 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, research analysts predict that Appian Corporation will post 0.25 EPS for the current year.

Insider Buying and Selling at Appian

In other Appian news, CRO Mark Dorsey purchased 5,227 shares of the business’s stock in a transaction on Wednesday, May 13th. The stock was acquired at an average cost of $19.13 per share, for a total transaction of $99,992.51. Following the completion of the transaction, the executive directly owned 13,993 shares in the company, valued at approximately $267,686.09. This represents a 59.63% increase in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Matthew W. Calkins sold 50,000 shares of the company’s stock in a transaction dated Tuesday, July 7th. The shares were sold at an average price of $24.72, for a total transaction of $1,236,000.00. Following the sale, the chief executive officer owned 1,719,144 shares of the company’s stock, valued at approximately $42,497,239.68. The trade was a 2.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 42.81% of the company’s stock.

Analysts Set New Price Targets

APPN has been the subject of a number of research analyst reports. TD Cowen dropped their price objective 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. UBS Group set a $25.00 target price on Appian in a research note on Thursday, April 30th. Barclays raised their price target on Appian from $21.00 to $23.00 and gave the company an “underweight” rating in a research report on Friday, May 8th. Zacks Research lowered Appian from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 21st. Finally, Citigroup cut their price objective on Appian from $38.00 to $37.00 and set a “buy” rating for the company in a report on Friday, May 8th. One research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Appian presently has an average rating of “Reduce” and an average price target of $26.00.

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.