23,594 Shares of Appian Corporation $APPN Purchased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Appian Corporation (NASDAQ:APPN) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 23,594 shares of the company’s stock, valued at approximately $832,000.

Other hedge funds have also made changes to their positions in the company. IFP Advisors Inc lifted its holdings in Appian by 35.5% in the 2nd quarter. IFP Advisors Inc now owns 1,108 shares of the company’s stock worth $25,000 after purchasing an additional 290 shares during the last quarter. KBC Group NV bought a new stake in Appian during the first quarter worth approximately $31,000. Sterling Capital Management LLC grew its holdings in Appian by 820.0% during the third quarter. Sterling Capital Management LLC now owns 1,288 shares of the company’s stock valued at $45,000 after purchasing an additional 1,148 shares during the last quarter. State of Alaska Department of Revenue acquired a new position in Appian during the third quarter valued at approximately $73,000. Finally, Allworth Financial LP grew its holdings in Appian by 15.0% during the second quarter. Allworth Financial LP now owns 2,678 shares of the company’s stock valued at $61,000 after purchasing an additional 350 shares during the last quarter. Institutional investors and hedge funds own 52.70% of the company’s stock.

Insider Transactions at Appian

In related news, CEO Matthew Calkins sold 45,000 shares of the business’s stock in a transaction dated Wednesday, October 7th. The stock was sold at an average price of $37.50, for a total transaction of $1,687,500.00. Following the transaction, the chief executive officer directly owned 1,584,144 shares in the company, valued at $59,405,400. The trade was a 2.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 42.81% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Weiss Ratings raised shares of Appian from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, September 3rd. William Blair upgraded shares of Appian from a “hold” rating to an “outperform” rating in a research note on Thursday. Wall Street Zen downgraded shares of Appian from a “strong-buy” rating to a “buy” rating in a report on Saturday, October 17th. Citigroup raised their target price on shares of Appian from $40.00 to $69.00 and gave the company a “buy” rating in a research note on Friday. Finally, Barclays raised their target price on shares of Appian from $26.00 to $30.00 and gave the company an “underweight” rating in a research note on Tuesday, October 13th. Two investment analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $44.33.

Key Headlines Impacting Appian

Here are the key news stories impacting Appian this week:

• Positive Sentiment: Q3 results beat expectations: Appian reported adjusted EPS of $0.51 versus a $0.33 consensus and revenue of $234.6 million versus $216.9 million expected. Revenue grew 25.5% year over year, supported by subscription growth. Appian Q3 earnings beat estimates
• Positive Sentiment: Raised 2026 outlook: Full-year revenue guidance of $873 million–$877 million and EPS guidance of $1.20–$1.24 are above consensus estimates. Management also highlighted accelerating AI demand. Appian Q3 call highlights
• Positive Sentiment: Analyst sentiment improved: Citigroup raised its price target to $69 and assigned a Buy rating; TD Cowen lifted its target to $58, while William Blair upgraded APPN to Outperform. TD Cowen raises Appian price target William Blair upgrades Appian
• Negative Sentiment: Cash flow remains a risk: Reports flag operating cash outflows, while Appian’s net margin remains negative. The stock’s retreat may also reflect profit-taking after its prior post-earnings surge.

Appian Price Performance

NASDAQ APPN opened at $51.60 on Monday. The company’s fifty day moving average is $41.54 and its two-hundred day moving average is $29.54. Appian Corporation has a 52-week low of $18.63 and a 52-week high of $56.38. The firm has a market capitalization of $3.70 billion, a price-to-earnings ratio of -645.00 and a beta of 0.83.

Appian (NASDAQ:APPN) last announced its quarterly earnings data on Thursday, November 5th. The company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.18. The business had revenue of $234.63 million during the quarter, compared to analyst estimates of $216.94 million. Appian had a negative net margin of 0.72% and a negative return on equity of 47.34%. The firm’s revenue for the quarter was up 25.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.32 earnings per share. Appian has set its FY 2026 guidance at 1.200-1.240 EPS and its Q4 2026 guidance at 0.300-0.340 EPS. As a group, sell-side analysts expect that Appian Corporation will post 0.46 earnings per share for the current fiscal year.

Appian Company Profile

Appian Corporation (NASDAQ: APPN) develops and provides a low-code platform designed to help organizations build, manage and automate business applications and processes. Its platform combines process orchestration, workflow automation, artificial intelligence, robotic process automation, case management and data management capabilities in a unified environment.

Appian’s software is used to improve operational efficiency, connect data and systems, and support applications such as customer service, compliance, supply chain management and government services.