Rockefeller Capital Management L.P. bought a new position in shares of Appian (NASDAQ:APPN) during the first quarter, HoldingsChannel.com reports. The firm bought 28,537 shares of the company’s stock, valued at approximately $719,000.
A number of other hedge funds have also recently added to or reduced their stakes in APPN. Tower Research Capital LLC TRC lifted its stake in Appian by 79.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 6,133 shares of the company’s stock worth $193,000 after purchasing an additional 2,715 shares during the period. Deutsche Bank AG lifted its stake in Appian by 421.7% during the fourth quarter. Deutsche Bank AG now owns 7,945 shares of the company’s stock worth $250,000 after purchasing an additional 6,422 shares during the period. Citadel Advisors LLC bought a new position in Appian during the fourth quarter worth about $220,000. Engineers Gate Manager LP bought a new position in Appian during the first quarter worth about $273,000. Finally, Roundview Capital LLC lifted its stake in Appian by 14.7% during the fourth quarter. Roundview Capital LLC now owns 103,794 shares of the company’s stock worth $3,267,000 after purchasing an additional 13,270 shares during the period. 17.49% of the stock is currently owned by institutional investors and hedge funds.
Get Appian alerts:Appian opened at $30.44 on Thursday, Marketbeat.com reports. Appian has a 1 year low of $14.60 and a 1 year high of $43.26. The company has a market capitalization of $1.83 billion and a PE ratio of -49.90.
Appian (NASDAQ:APPN) last posted its earnings results on Thursday, May 3rd. The company reported ($0.12) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.06. Appian had a negative net margin of 19.55% and a negative return on equity of 77.57%. The company had revenue of $51.70 million during the quarter, compared to analysts’ expectations of $46.12 million. The business’s revenue for the quarter was up 35.0% compared to the same quarter last year. sell-side analysts forecast that Appian will post -0.75 EPS for the current fiscal year.
In other news, Director Michael J. Mulligan sold 25,000 shares of Appian stock in a transaction that occurred on Friday, May 11th. The shares were sold at an average price of $30.05, for a total value of $751,250.00. Following the completion of the transaction, the director now owns 29,475 shares in the company, valued at $885,723.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Qualified Master Fund L. Abdiel bought 141,486 shares of the business’s stock in a transaction dated Tuesday, March 27th. The stock was purchased at an average price of $26.13 per share, with a total value of $3,697,029.18. The disclosure for this purchase can be found here. In the last quarter, insiders bought 780,553 shares of company stock valued at $20,417,533 and sold 81,220 shares valued at $2,257,672. Insiders own 64.00% of the company’s stock.
A number of brokerages have commented on APPN. BidaskClub cut shares of Appian from a “buy” rating to a “hold” rating in a research note on Tuesday, February 27th. Zacks Investment Research cut shares of Appian from a “hold” rating to a “sell” rating in a research note on Thursday, March 1st. ValuEngine upgraded shares of Appian from a “hold” rating to a “buy” rating in a research note on Wednesday, May 2nd. Barclays raised their price target on shares of Appian to $27.00 and gave the stock an “underweight” rating in a research note on Friday, February 23rd. Finally, BTIG Research began coverage on shares of Appian in a research note on Monday, March 12th. They set a “neutral” rating for the company. Three analysts have rated the stock with a sell rating, six have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $26.14.
About Appian
Appian Corporation provides low-code software development platform that enables organizations to develop various applications in the United States and internationally. The company's platform automates the creation of forms, data flows, records, reports, and other software elements that are needed to be manually coded or configured.
Want to see what other hedge funds are holding APPN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Appian (NASDAQ:APPN).
No comments:
Post a Comment