Creative Financial Designs Inc. ADV Acquires 830 Shares of Appian Co. (NASDAQ:APPN)
Creative Financial Designs Inc. ADV grew its position in Appian Co. (NASDAQ:APPN) by 1,037.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 910 shares of the company’s stock after acquiring an additional 830 shares during the quarter. Creative Financial Designs Inc. ADV’s holdings in Appian were worth $148,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also recently added to or reduced their stakes in the business. Evolution Wealth Advisors LLC purchased a new position in shares of Appian in the 3rd quarter worth approximately $25,000. Macquarie Group Ltd. acquired a new position in Appian during the 2nd quarter valued at about $33,000. Freestone Capital Holdings LLC acquired a new position in Appian during the 3rd quarter valued at about $42,000. Clearstead Advisors LLC purchased a new stake in Appian during the 3rd quarter valued at about $43,000. Finally, Point72 Hong Kong Ltd grew its stake in Appian by 277.2% during the 3rd quarter. Point72 Hong Kong Ltd now owns 713 shares of the company’s stock valued at $46,000 after purchasing an additional 524 shares during the last quarter. 44.34% of the stock is currently owned by institutional investors and hedge funds.
APPN opened at $152.01 on Friday. The firm has a market cap of $10.65 billion, a price-to-earnings ratio of -276.38 and a beta of 2.00. Appian Co. has a fifty-two week low of $29.07 and a fifty-two week high of $216.41. The company’s 50-day moving average price is $152.72 and its 200 day moving average price is $84.86.
Appian (NASDAQ:APPN) last announced its quarterly earnings results on Thursday, November 5th. The company reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.17) by $0.12. The company had revenue of $77.30 million for the quarter, compared to analyst estimates of $70.86 million. Appian had a negative net margin of 13.00% and a negative return on equity of 15.16%. Appian’s revenue was up 16.9% compared to the same quarter last year. During the same quarter last year, the business earned ($0.18) earnings per share. Equities analysts anticipate that Appian Co. will post -0.6 EPS for the current year.
In other Appian news, Director Albert G.W. Biddle III sold 8,814 shares of the firm’s stock in a transaction on Tuesday, December 8th. The shares were sold at an average price of $156.94, for a total value of $1,383,269.16. Following the sale, the director now directly owns 8,443 shares in the company, valued at approximately $1,325,044.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Abdiel Capital Management, Llc sold 172,366 shares of the firm’s stock in a transaction on Tuesday, December 1st. The stock was sold at an average price of $140.85, for a total transaction of $24,277,751.10. The disclosure for this sale can be found here. Insiders sold a total of 452,697 shares of company stock valued at $57,584,361 in the last ninety days. Company insiders own 50.00% of the company’s stock.
A number of equities analysts have commented on APPN shares. ValuEngine cut Appian from a “buy” rating to a “hold” rating in a report on Tuesday, December 1st. Morgan Stanley raised their price target on Appian from $38.00 to $41.00 and gave the company an “underweight” rating in a research note on Friday, November 6th. Barclays cut Appian from an “equal weight” rating to an “underweight” rating and set a $76.00 price target on the stock. in a research report on Tuesday, December 1st. Zacks Investment Research downgraded Appian from a “hold” rating to a “sell” rating in a research report on Monday, January 4th. Finally, Needham & Company LLC upgraded Appian from a “hold” rating to a “buy” rating and set a $94.00 price target for the company in a report on Friday, November 6th. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $64.10.
Appian Company Profile
Appian Corporation provides low-code automation 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.
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