US Bancorp DE Has $131,000 Holdings in Appian Co. (NASDAQ:APPN)

US Bancorp DE decreased its stake in Appian Co. (NASDAQ:APPN) by 16.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,847 shares of the company’s stock after selling 737 shares during the quarter. US Bancorp DE’s holdings in Appian were worth $131,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in shares of Appian by 8.4% during the first quarter. Vanguard Group Inc. now owns 5,081,560 shares of the company’s stock valued at $203,008,000 after acquiring an additional 392,190 shares during the period. CANADA LIFE ASSURANCE Co lifted its holdings in Appian by 70.7% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 474,100 shares of the company’s stock valued at $18,922,000 after purchasing an additional 196,435 shares during the last quarter. Empyrean Capital Partners LP bought a new position in Appian during the 2nd quarter valued at about $7,715,000. Edgestream Partners L.P. acquired a new position in Appian in the second quarter valued at about $4,657,000. Finally, Bank of New York Mellon Corp grew its stake in Appian by 10.0% during the second quarter. Bank of New York Mellon Corp now owns 143,983 shares of the company’s stock worth $4,443,000 after buying an additional 13,046 shares during the last quarter. 52.70% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on APPN shares. The Goldman Sachs Group reduced their target price on Appian from $47.00 to $41.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. William Blair lowered Appian from an “outperform” rating to a “market perform” rating in a research note on Thursday, August 1st. KeyCorp lowered Appian from an “overweight” rating to a “sector weight” rating in a research note on Friday, August 2nd. Barclays lifted their price target on Appian from $29.00 to $34.00 and gave the company an “underweight” rating in a report on Friday, November 8th. Finally, DA Davidson reissued a “neutral” rating and set a $33.00 price objective on shares of Appian in a report on Monday, October 14th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $40.20.

Appian Price Performance

APPN stock opened at $36.43 on Friday. The business’s fifty day moving average price is $33.98 and its two-hundred day moving average price is $32.31. The stock has a market capitalization of $2.64 billion, a price-to-earnings ratio of -29.58 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.

Insider Buying and Selling at Appian

In other Appian news, major shareholder Abdiel Capital Advisors, Lp bought 25,000 shares of the stock in a transaction on Wednesday, August 21st. The stock was purchased at an average price of $31.17 per share, with a total value of $779,250.00. Following the completion of the purchase, the insider now owns 9,711,434 shares in the company, valued at $302,705,397.78. The trade was a 0.26 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Insiders purchased 224,717 shares of company stock valued at $7,114,354 in the last three months. Corporate insiders own 44.00% of the company’s stock.

About Appian

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.