Appian Co. (NASDAQ:APPN) Shares Purchased by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Appian Co. (NASDAQ:APPN) by 0.6% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 80,242 shares of the company’s stock after acquiring an additional 491 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Appian were worth $2,739,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Empyrean Capital Partners LP purchased a new position in Appian in the second quarter valued at $7,715,000. Edgestream Partners L.P. acquired a new stake in Appian in the 2nd quarter valued at about $4,657,000. BNP Paribas Financial Markets raised its position in Appian by 282.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 134,274 shares of the company’s stock valued at $4,584,000 after purchasing an additional 99,198 shares in the last quarter. 272 Capital LP purchased a new position in shares of Appian in the 2nd quarter valued at about $2,179,000. Finally, GSA Capital Partners LLP grew its position in shares of Appian by 354.7% during the third quarter. GSA Capital Partners LLP now owns 57,630 shares of the company’s stock worth $1,967,000 after buying an additional 44,957 shares in the last quarter. 52.70% of the stock is currently owned by hedge funds and other institutional investors.

Appian Stock Down 4.3 %

APPN stock opened at $36.82 on Friday. The business has a 50 day moving average price of $36.14 and a 200 day moving average price of $33.08. The stock has a market cap of $3.14 billion, a price-to-earnings ratio of -30.18 and a beta of 1.57. Appian Co. has a fifty-two week low of $26.28 and a fifty-two week high of $43.33.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Barclays raised their target price on shares of Appian from $34.00 to $37.00 and gave the company an “underweight” rating in a report on Friday, December 6th. DA Davidson reaffirmed a “neutral” rating and set a $33.00 price objective on shares of Appian in a research report on Monday, October 14th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $40.80.

Insiders Place Their Bets

In other news, major shareholder Abdiel Capital Advisors, Lp bought 15,552 shares of the business’s stock in a transaction dated Monday, September 23rd. The shares were acquired at an average price of $33.08 per share, for a total transaction of $514,460.16. Following the completion of the transaction, the insider now owns 10,142,000 shares of the company’s stock, valued at approximately $335,497,360. This trade represents a 0.15 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director William D. Mccarthy sold 700 shares of the business’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $38.78, for a total value of $27,146.00. Following the completion of the sale, the director now directly owns 7,966 shares of the company’s stock, valued at $308,921.48. The trade was a 8.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have purchased 48,770 shares of company stock valued at $1,625,495. 44.00% of the stock is owned by corporate insiders.

Appian Profile

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.