Hussman Strategic Advisors Inc. Acquires Shares of 105,000 Appian Corporation $APPN

by · The Markets Daily

Hussman Strategic Advisors Inc. bought a new position in shares of Appian Corporation (NASDAQ:APPN – Free Report) during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund bought 105,000 shares of the company’s stock, valued at approximately $3,135,000.

Several other hedge funds have also modified their holdings of the business. Concord Wealth Partners boosted its stake in shares of Appian by 21.7% in the first quarter. Concord Wealth Partners now owns 2,581 shares of the company’s stock valued at $74,000 after buying an additional 461 shares in the last quarter. Headlands Technologies LLC lifted its holdings in Appian by 2,052.0% in the first quarter. Headlands Technologies LLC now owns 4,218 shares of the company’s stock valued at $122,000 after acquiring an additional 4,022 shares during the period. US Bancorp DE boosted its position in shares of Appian by 215.4% during the 1st quarter. US Bancorp DE now owns 6,506 shares of the company’s stock worth $187,000 after purchasing an additional 4,443 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Appian by 7.4% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,386 shares of the company’s stock worth $221,000 after purchasing an additional 507 shares during the period. Finally, CWM LLC grew its stake in shares of Appian by 685.9% during the 1st quarter. CWM LLC now owns 7,788 shares of the company’s stock worth $224,000 after purchasing an additional 6,797 shares during the period. 52.70% of the stock is owned by institutional investors and hedge funds.

Appian Stock Up 1.2%

Appian stock opened at $30.30 on Tuesday. The firm has a market capitalization of $2.24 billion, a PE ratio of -131.73 and a beta of 1.77. Appian Corporation has a 52 week low of $24.00 and a 52 week high of $43.33. The firm’s 50-day simple moving average is $30.51 and its 200 day simple moving average is $30.22.

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

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. DA Davidson began coverage on shares of Appian in a research note on Friday, August 8th. They issued a “neutral” rating and a $30.00 price objective for the company. Zacks Research upgraded shares of Appian from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 8th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Appian in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $33.40.

View Our Latest Report on APPN

Appian Company Profile

(Free Report)

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.

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