Georgetown University Invests $389,000 in Appian Corp (APPN) Stock

Georgetown University bought a new position in shares of Appian Corp (NASDAQ:APPN) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 14,574 shares of the company’s stock, valued at approximately $389,000. Appian comprises approximately 0.7% of Georgetown University’s investment portfolio, making the stock its 3rd largest position.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in APPN. BlackRock Inc. lifted its stake in shares of Appian by 25.6% in the 2nd quarter. BlackRock Inc. now owns 202,733 shares of the company’s stock valued at $7,331,000 after acquiring an additional 41,348 shares during the last quarter. Vanguard Group Inc lifted its stake in shares of Appian by 78.1% in the 3rd quarter. Vanguard Group Inc now owns 1,930,924 shares of the company’s stock valued at $63,914,000 after acquiring an additional 847,007 shares during the last quarter. Fox Run Management L.L.C. bought a new position in shares of Appian in the 4th quarter valued at $210,000. Jupiter Asset Management Ltd. bought a new position in shares of Appian in the 3rd quarter valued at $13,801,000. Finally, Jane Street Group LLC bought a new position in shares of Appian in the 3rd quarter valued at $301,000. Hedge funds and other institutional investors own 21.63% of the company’s stock.

APPN has been the subject of a number of research reports. BidaskClub upgraded Appian from a “hold” rating to a “buy” rating in a research note on Saturday, December 1st. Barclays upgraded Appian from an “underweight” rating to an “equal weight” rating and set a $29.00 price target for the company in a research note on Monday, October 15th. Finally, Goldman Sachs Group initiated coverage on Appian in a research note on Friday, February 1st. They issued a “sell” rating and a $26.00 price target for the company. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $29.17.

In related news, VP Edward L. Hughes sold 3,489 shares of the stock in a transaction on Friday, November 9th. The stock was sold at an average price of $26.08, for a total value of $90,993.12. Following the completion of the sale, the vice president now directly owns 114,794 shares in the company, valued at $2,993,827.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Qualified Master Fund L. Abdiel acquired 4,945 shares of the firm’s stock in a transaction that occurred on Wednesday, January 2nd. The stock was bought at an average price of $26.21 per share, with a total value of $129,608.45. The disclosure for this purchase can be found here. Insiders bought a total of 816,419 shares of company stock valued at $20,793,475 over the last quarter. 64.00% of the stock is owned by corporate insiders.

Shares of APPN opened at $32.42 on Wednesday. Appian Corp has a 52 week low of $22.61 and a 52 week high of $43.61.

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Appian Company Profile

Appian Corporation provides low-code software development 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 or configured.

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Institutional Ownership by Quarter for Appian (NASDAQ:APPN)

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