Lead Edge Capital Management LLC Has $45.95 Million Holdings in Appian Corporation $APPN

Lead Edge Capital Management LLC increased its holdings in shares of Appian Corporation (NASDAQ:APPN) by 18.5% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,905,634 shares of the company’s stock after purchasing an additional 296,845 shares during the quarter. Appian accounts for 11.3% of Lead Edge Capital Management LLC’s holdings, making the stock its 3rd biggest position. Lead Edge Capital Management LLC’s holdings in Appian were worth $45,945,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership lifted 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 buying an additional 600,336 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of Appian by 182.7% during the second quarter. Bank of America Corp DE now owns 237,421 shares of the company’s stock worth $7,089,000 after acquiring an additional 524,420 shares during the period. Caption Management LLC lifted its position in Appian by 127.3% in the 2nd quarter. Caption Management LLC now owns 80,472 shares of the company’s stock valued at $2,403,000 after acquiring an additional 375,758 shares in the last quarter. Millennium Management LLC boosted its stake in 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 purchasing an additional 332,992 shares during the period. Finally, Squarepoint Ops LLC boosted its stake in Appian by 269.9% in the 3rd quarter. Squarepoint Ops LLC now owns 346,550 shares of the company’s stock worth $10,594,000 after purchasing an additional 252,850 shares during the period. 52.70% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have issued reports on APPN shares. TD Cowen dropped their price target on Appian from $27.00 to $24.00 and set a “hold” rating on the stock in a research note on Friday, May 15th. Citigroup reduced their price objective on Appian from $38.00 to $37.00 and set a “buy” rating for the company in a research report on Friday, May 8th. Weiss Ratings reiterated a “sell (d)” rating on shares of Appian in a report on Wednesday, May 20th. Morgan Stanley reissued an “equal weight” rating and issued a $25.00 target price (down from $41.00) on shares of Appian in a research report on Thursday, April 30th. Finally, Barclays boosted their target price on Appian from $21.00 to $23.00 and gave the company an “underweight” rating in a research note on Friday, May 8th. One investment analyst has rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Reduce” and a consensus target price of $26.00.

Appian Price Performance

Appian stock opened at $23.75 on Friday. The company has a market cap of $1.74 billion, a price-to-earnings ratio of 2,377.38 and a beta of 0.85. The firm has a 50-day moving average of $23.36 and a 200-day moving average of $24.60. Appian Corporation has a one year low of $18.63 and a one year high of $46.06.

Appian (NASDAQ:APPN) last released its earnings results 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 negative return on equity of 26.12% and a net margin of 0.12%.The business had revenue of $202.18 million for the quarter, compared to the consensus estimate of $191.56 million. During the same quarter in the previous year, the business earned $0.13 earnings per share. Appian’s quarterly 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. As a group, sell-side analysts expect that Appian Corporation will post 0.34 earnings per share for the current year.

Insider Buying and Selling

In other news, CRO Mark Dorsey bought 5,227 shares of the stock in a transaction that occurred on Wednesday, May 13th. The shares were acquired at an average cost of $19.13 per share, for a total transaction of $99,992.51. Following the completion of the acquisition, the executive owned 13,993 shares in the company, valued at approximately $267,686.09. This represents a 59.63% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Matthew W. Calkins sold 50,000 shares of the stock in a transaction on 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 completion of the sale, the chief executive officer owned 1,719,144 shares of the company’s stock, 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. Corporate insiders own 42.81% of the company’s stock.

Appian 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.