18,608 Shares in Appian Corporation $APPN Acquired by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Appian Corporation (NASDAQ:APPN) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 18,608 shares of the company’s stock, valued at approximately $556,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Acadian Asset Management LLC purchased a new position in shares of Appian in the first quarter worth approximately $2,300,000. AQR Capital Management LLC lifted its holdings in Appian by 368.8% during the first quarter. AQR Capital Management LLC now owns 199,869 shares of the company’s stock valued at $5,758,000 after purchasing an additional 157,233 shares in the last quarter. Jacobs Levy Equity Management Inc. purchased a new position in Appian during the first quarter valued at approximately $7,166,000. Petrus Trust Company LTA purchased a new position in Appian during the first quarter valued at approximately $227,000. Finally, Teacher Retirement System of Texas purchased a new position in Appian during the first quarter valued at approximately $373,000. Hedge funds and other institutional investors own 52.70% of the company’s stock.

Wall Street Analysts Forecast Growth

APPN has been the topic of several analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Appian in a report on Wednesday, October 8th. Zacks Research raised shares of Appian from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 8th. Finally, DA Davidson initiated coverage on shares of Appian in a report on Friday, August 8th. They set a “neutral” rating and a $30.00 price target on the stock. One equities research 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 given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $33.40.

Appian Price Performance

Appian stock opened at $31.62 on Friday. The stock has a market cap of $2.34 billion, a P/E ratio of -137.47 and a beta of 1.76. Appian Corporation has a 1 year low of $24.00 and a 1 year high of $43.33. The firm’s 50 day moving average price is $30.41 and its 200-day moving average price is $30.03.

Appian (NASDAQ:APPN) last released its quarterly earnings data on Thursday, August 7th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($0.01). The firm had revenue of $170.64 million for the quarter, compared to analysts’ expectations of $160.01 million. Appian’s revenue was up 16.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.26) EPS. 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, equities analysts expect that Appian Corporation will post -0.28 EPS 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.