Appian (APPN)

• Market cap: $2.14B
• 1 day: 0.35%
• 5 days: -9.63%
• 1 month: -8.08%
• 3 months: -12.90%
• 6 months: -12.15%
• Year to date: -12.90%
• 1 year: -23.56%
• 5 years: -19.06%
• 10 years: 92.60%
• Sector: Information Technology
• Industry: Prepackaged Software

About: Appian Corp is a low-code enterprise platform-as-a-service company focusing on business process management. The company's 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. The company also provides maintenance and support as well as consulting services and training related to its platform. The majority of its revenue is subscription-based with the remainder from services, with much of its subscription revenue being derived from its cloud-based platform. Geographically, the company derives maximum revenue from its business in the United States.

Employees: 2,033

Fund manager confidence

Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)

63% more call options, than puts

Call options by funds: $8.38M | Put options by funds: $5.14M

45% more first-time investments, than exits

New positions opened: 45 | Existing positions closed: 31

6% more funds holding

Funds holding: 190 [Q3] → 202 (+12) [Q4]

9% more repeat investments, than reductions

Existing positions increased: 60 | Existing positions reduced: 55

6.57% less ownership

Funds ownership: 82.69% [Q3] → 76.12% (-6.57%) [Q4]

8% less capital invested

Capital invested by funds: $1.16B [Q3] → $1.07B (-$90M) [Q4]

33% less funds holding in top 10

Funds holding in top 10: 3 [Q3] → 2 (-1) [Q4]

Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

• Low target: $37 28% upside
• Avg. target: $37 28% upside
• High target: $37 28% upside

1 analyst rating

• positive: 0 0%
• neutral: 1 100%
• negative: 0 0%

Scotiabank Nick Altmann 13% 1-year accuracy 2 / 15 met price target

28% upside $37

Sector Perform Initiated

6 Jan 2025