AppianAPPN
Market Cap: $2.42B
About: Appian is a low-code enterprise platform-as-a-service company focusing on business process management. The Appian platform is an integrated automation platform providing tools for organizations to design, automate, and optimize end-to-end processes and complex business operations. Capabilities include case management, robotic process automation, artificial intelligence, data fabric, and process mining. Most of Appian's revenue is subscription based with the remainder from services, with much of its subscription revenue being derived from its cloud-based platform, Appian Cloud.
Employees: 2,000
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
50% more funds holding in top 10
Funds holding in top 10: 2 [Q1] → 3 (+1) [Q2]
26% more repeat investments, than reductions
Existing positions increased: 58 | Existing positions reduced: 46
8.95% more ownership
Funds ownership: 70.71% [Q1] → 79.66% (+8.95%) [Q2]
5% less funds holding
Funds holding: 203 [Q1] → 193 (-10) [Q2]
15% less capital invested
Capital invested by funds: $1.19B [Q1] → $1.01B (-$182M) [Q2]
20% less first-time investments, than exits
New positions opened: 39 | Existing positions closed: 49
51% less call options, than puts
Call options by funds: $12.4M | Put options by funds: $25.4M
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
4 analyst ratings
Barclays Raimo Lenschow 46% 1-year accuracy 35 / 76 met price target | 13%downside $29 | Underweight Maintained | 5 Aug 2024 |
Goldman Sachs Kevin Kumar 60% 1-year accuracy 6 / 10 met price target | 23%upside $41 | Buy Maintained | 2 Aug 2024 |
DA Davidson Gil Luria 46% 1-year accuracy 18 / 39 met price target | 1%downside $33 | Neutral Downgraded | 30 Jul 2024 |
Keybanc Thomas Blakey 49% 1-year accuracy 20 / 41 met price target | 23%upside $41 | Overweight Maintained | 24 Jul 2024 |
Financial journalist opinion
Based on 3 articles about APPN published over the past 30 days