Swiss National Bank Boosts Stock Position in Appian Co. (NASDAQ:APPN)

Swiss National Bank lifted its position in Appian Co. (NASDAQ:APPN – Get Rating) by 2.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 84,000 shares of the company’s stock after purchasing an additional 1,700 shares during the quarter. Swiss National Bank’s holdings in Appian were worth $2,735,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Arizona State Retirement System boosted its holdings in shares of Appian by 4.1% in the 4th quarter. Arizona State Retirement System now owns 9,822 shares of the company’s stock worth $320,000 after purchasing an additional 386 shares in the last quarter. Duality Advisers LP boosted its holdings in Appian by 15.8% during the 4th quarter. Duality Advisers LP now owns 34,561 shares of the company’s stock valued at $1,125,000 after acquiring an additional 4,711 shares during the period. Fox Run Management L.L.C. purchased a new stake in Appian during the 4th quarter valued at about $218,000. ProShare Advisors LLC boosted its holdings in Appian by 10.8% during the 4th quarter. ProShare Advisors LLC now owns 6,697 shares of the company’s stock valued at $218,000 after acquiring an additional 652 shares during the period. Finally, Crossmark Global Holdings Inc. boosted its holdings in Appian by 10.5% during the 4th quarter. Crossmark Global Holdings Inc. now owns 8,341 shares of the company’s stock valued at $272,000 after acquiring an additional 791 shares during the period. 50.89% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Appian

In other news, Director Mark Steven Lynch sold 1,393 shares of the stock in a transaction that occurred on Monday, February 27th. The stock was sold at an average price of $43.17, for a total value of $60,135.81. Following the completion of the transaction, the director now owns 36,237 shares of the company’s stock, valued at approximately $1,564,351.29. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, major shareholder Abdiel Capital Advisors, Lp bought 6,444 shares of the firm’s stock in a transaction dated Monday, April 3rd. The stock was purchased at an average price of $43.65 per share, with a total value of $281,280.60. Following the transaction, the insider now owns 10,121,954 shares of the company’s stock, valued at $441,823,292.10. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Mark Steven Lynch sold 1,393 shares of the stock in a transaction that occurred on Monday, February 27th. The stock was sold at an average price of $43.17, for a total value of $60,135.81. Following the completion of the transaction, the director now directly owns 36,237 shares of the company’s stock, valued at approximately $1,564,351.29. The disclosure for this sale can be found here. Corporate insiders own 43.50% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Morgan Stanley increased their target price on Appian from $42.00 to $46.00 and gave the company an “equal weight” rating in a report on Friday, February 17th. KeyCorp increased their target price on Appian from $46.00 to $55.00 and gave the company an “overweight” rating in a report on Friday, February 17th. Barclays increased their target price on Appian from $25.00 to $30.00 in a report on Friday, February 17th. Finally, Truist Financial increased their price objective on Appian from $45.00 to $50.00 and gave the stock a “buy” rating in a report on Friday, February 17th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $45.89.

Appian Trading Down 1.8 %

NASDAQ APPN opened at $40.41 on Wednesday. Appian Co. has a fifty-two week low of $29.80 and a fifty-two week high of $57.47. The stock has a market cap of $2.95 billion, a P/E ratio of -17.80 and a beta of 1.62. The stock has a 50 day simple moving average of $39.40 and a two-hundred day simple moving average of $38.83. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.46 and a current ratio of 1.46.

About Appian

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Appian Corp. engages in the provision of business process management (BPM) solutions. Its products include BPM software, case management, mobile application development, and platform-as-a-service. The company was founded by Matthew Wheeler Calkins, Robert Charles Kramer, Marc Wilson, and Michael Beckley in 1999 and is headquartered in McLean, VA.