EntryPoint Capital LLC Acquires Shares of 16,736 Appian Corporation $APPN

EntryPoint Capital LLC acquired a new stake in Appian Corporation (NASDAQ:APPN) in the 1st quarter, HoldingsChannel.com reports. The institutional investor acquired 16,736 shares of the company’s stock, valued at approximately $482,000.

Other large investors also recently added to or reduced their stakes in the company. Point72 Hong Kong Ltd purchased a new stake in Appian in the 4th quarter valued at about $35,000. Canada Pension Plan Investment Board boosted its position in Appian by 27.8% in the 4th quarter. Canada Pension Plan Investment Board now owns 2,300 shares of the company’s stock valued at $76,000 after buying an additional 500 shares during the period. Concord Wealth Partners lifted its position in shares of Appian by 21.7% in the 1st quarter. Concord Wealth Partners now owns 2,581 shares of the company’s stock worth $74,000 after purchasing an additional 461 shares during the period. Russell Investments Group Ltd. lifted its position in shares of Appian by 1,244.8% in the 4th quarter. Russell Investments Group Ltd. now owns 3,779 shares of the company’s stock worth $125,000 after purchasing an additional 3,498 shares during the period. Finally, Headlands Technologies LLC lifted its position in shares of Appian by 2,052.0% in the 1st quarter. Headlands Technologies LLC now owns 4,218 shares of the company’s stock worth $122,000 after purchasing an additional 4,022 shares during the period. 52.70% of the stock is owned by hedge funds and other institutional investors.

Appian Stock Down 2.5%

NASDAQ:APPN opened at $28.99 on Thursday. Appian Corporation has a 52 week low of $24.00 and a 52 week high of $43.33. The firm has a 50 day moving average of $29.31 and a 200 day moving average of $30.35. The stock has a market capitalization of $2.15 billion, a price-to-earnings ratio of -126.04 and a beta of 1.75.

Appian (NASDAQ:APPN) last posted its earnings results on Thursday, August 7th. The company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.01). The company had revenue of $170.64 million for the quarter, compared to the consensus estimate of $160.01 million. During the same period last year, the firm earned ($0.26) earnings per share. The firm’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 expect that Appian Corporation will post -0.28 EPS for the current year.

Insider Buying and Selling

In related news, major shareholder Abdiel Capital Advisors, Lp sold 10,450 shares of the stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $31.45, for a total transaction of $328,652.50. Following the completion of the sale, the insider owned 7,736,491 shares of the company’s stock, valued at $243,312,641.95. This represents a 0.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders have sold a total of 1,462,510 shares of company stock worth $46,548,837 over the last three months. Corporate insiders own 43.00% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Morgan Stanley upped their price target on shares of Appian from $27.00 to $29.00 and gave the stock an “equal weight” rating in a research report on Friday, May 9th. Citigroup upped their price target on shares of Appian from $40.00 to $41.00 and gave the stock a “buy” rating in a research report on Tuesday, May 13th. DA Davidson assumed coverage on shares of Appian in a research report on Friday, August 8th. They issued a “neutral” rating and a $30.00 price target for the company. Zacks Research raised shares of Appian to a “strong-buy” rating in a research report on Monday, August 11th. Finally, Barclays upped their price target on shares of Appian from $28.00 to $33.00 and gave the stock an “underweight” rating in a research report on Friday, May 9th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $33.40.

Appian Company Profile

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.