Appian Corporation $APPN Shares Sold by Abdiel Capital Advisors LP

Abdiel Capital Advisors LP trimmed its holdings in Appian Corporation (NASDAQ:APPN) by 81.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 248,450 shares of the company’s stock after selling 1,075,738 shares during the period. Appian accounts for about 12.4% of Abdiel Capital Advisors LP’s holdings, making the stock its 4th biggest holding. Abdiel Capital Advisors LP’s holdings in Appian were worth $8,800,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. State of Wyoming raised its position in shares of Appian by 55.0% in the fourth quarter. State of Wyoming now owns 1,462 shares of the company’s stock valued at $52,000 after buying an additional 519 shares during the last quarter. ProShare Advisors LLC raised its position in shares of Appian by 7.8% in the fourth quarter. ProShare Advisors LLC now owns 7,481 shares of the company’s stock valued at $265,000 after buying an additional 543 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Appian by 282.5% in the third quarter. EverSource Wealth Advisors LLC now owns 811 shares of the company’s stock valued at $25,000 after buying an additional 599 shares during the last quarter. Legal & General Group Plc grew its holdings in shares of Appian by 1.7% in the third quarter. Legal & General Group Plc now owns 37,730 shares of the company’s stock valued at $1,153,000 after purchasing an additional 632 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Appian by 4.7% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 15,214 shares of the company’s stock valued at $539,000 after purchasing an additional 681 shares during the period. 52.70% of the stock is currently owned by institutional investors and hedge funds.

Appian Price Performance

Shares of APPN stock opened at $21.56 on Thursday. The firm has a market cap of $1.58 billion, a PE ratio of 2,158.16 and a beta of 0.90. The company has a 50-day moving average of $22.23 and a two-hundred day moving average of $27.25. Appian Corporation has a 1-year low of $18.63 and a 1-year high of $46.06.

Appian (NASDAQ:APPN) last announced its earnings results on Thursday, May 7th. The company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.08. The company had revenue of $202.18 million during the quarter, compared to analyst estimates of $191.57 million. Appian had a net margin of 0.12% and a negative return on equity of 26.12%. Appian’s revenue was up 21.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.13 earnings per share. Appian has set its FY 2026 guidance at 0.940-1.050 EPS and its Q2 2026 guidance at -0.020-0.020 EPS. Sell-side analysts anticipate that Appian Corporation will post 0.25 EPS for the current fiscal year.

Insider Activity at Appian

In other Appian news, CRO Mark Dorsey acquired 5,227 shares of the stock in a transaction dated Wednesday, May 13th. The stock was acquired at an average price of $19.13 per share, with a total value of $99,992.51. Following the completion of the purchase, the executive owned 13,993 shares in the company, valued at $267,686.09. This trade represents a 59.63% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 43.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Barclays lifted their target price on shares of Appian from $21.00 to $23.00 and gave the stock an “underweight” rating in a research note on Friday, May 8th. DA Davidson dropped their price target on shares of Appian from $25.00 to $22.00 and set a “neutral” rating for the company in a research note on Friday, May 15th. Weiss Ratings reissued a “sell (d)” rating on shares of Appian in a research note on Wednesday, May 20th. UBS Group set a $25.00 price target on shares of Appian in a research note on Thursday, April 30th. Finally, Citigroup dropped their price target on shares of Appian from $38.00 to $37.00 and set a “buy” rating for the company in a research note on Friday, May 8th. One analyst has rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Appian presently has a consensus rating of “Reduce” and an average price target of $26.00.

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.