VIRGINIA RETIREMENT SYSTEMS ET Al Acquires New Stake in Appian Corporation $APPN

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Appian Corporation (NASDAQ:APPN) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 61,458 shares of the company’s stock, valued at approximately $1,407,000. VIRGINIA RETIREMENT SYSTEMS ET Al owned 0.09% of Appian at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in APPN. RPD Fund Management LLC bought a new stake in shares of Appian during the 1st quarter valued at $94,496,000. Lead Edge Capital Management LLC boosted its stake in Appian by 18.5% in the 1st quarter. Lead Edge Capital Management LLC now owns 1,905,634 shares of the company’s stock worth $45,945,000 after purchasing an additional 296,845 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in Appian by 16.5% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,519,653 shares of the company’s stock valued at $36,639,000 after buying an additional 215,183 shares in the last quarter. First Trust Advisors LP grew its holdings in Appian by 16.9% during the 1st quarter. First Trust Advisors LP now owns 1,355,961 shares of the company’s stock valued at $32,692,000 after buying an additional 196,021 shares in the last quarter. Finally, California State Teachers Retirement System increased its position in shares of Appian by 2,204.5% during the second quarter. California State Teachers Retirement System now owns 838,071 shares of the company’s stock valued at $19,192,000 after buying an additional 801,704 shares during the period. Hedge funds and other institutional investors own 52.70% of the company’s stock.

Appian Stock Up 2.0%

Appian stock opened at $34.76 on Friday. The firm has a fifty day simple moving average of $32.02 and a two-hundred day simple moving average of $26.31. Appian Corporation has a twelve month low of $18.63 and a twelve month high of $46.06. The company has a market capitalization of $2.49 billion, a PE ratio of -231.72 and a beta of 0.94.

Appian (NASDAQ:APPN) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.13 earnings per share for the quarter. The firm had revenue of $203.26 million during the quarter, compared to analyst estimates of $193.38 million. Appian had a negative return on equity of 35.20% and a negative net margin of 1.34%.The business’s revenue for the quarter was up 19.1% on a year-over-year basis. Appian has set its FY 2026 guidance at 1.040-1.120 EPS and its Q3 2026 guidance at 0.310-0.350 EPS. As a group, equities analysts expect that Appian Corporation will post 0.45 earnings per share for the current fiscal year.

Analysts Set New Price Targets

APPN has been the topic of a number of analyst reports. Citigroup upped their target price on shares of Appian from $37.00 to $40.00 and gave the stock a “buy” rating in a report on Friday, August 7th. Zacks Research upgraded shares of Appian from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 7th. Morgan Stanley upped their price target on shares of Appian from $25.00 to $32.00 and gave the stock an “equal weight” rating in a report on Friday, August 7th. DA Davidson increased their price objective on Appian from $34.00 to $42.00 and gave the stock a “neutral” rating in a research report on Friday, August 14th. Finally, Wall Street Zen raised Appian from a “buy” rating to a “strong-buy” rating in a research note on Saturday. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Appian currently has a consensus rating of “Hold” and an average target price of $31.00.

Insider Activity

In related news, CEO Matthew Calkins sold 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 7th. The stock was sold at an average price of $24.72, for a total transaction of $1,236,000.00. Following the completion of the transaction, the chief executive officer owned 1,719,144 shares in the company, valued at $42,497,239.68. This represents a 2.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 42.81% of the company’s stock.

Appian Company Profile

Appian Corporation develops enterprise software designed to help organizations build applications and automate business processes. Its low-code platform enables users to design, deploy and manage applications with limited traditional programming, supporting workflow automation, process orchestration, case management and business process improvement.

The Appian Platform combines application development tools with data management, artificial intelligence, robotic process automation and process-mining capabilities.