Wolf Hill Capital Management LP Has $30.42 Million Stock Holdings in Appian Corporation $APPN

Wolf Hill Capital Management LP boosted its position in Appian Corporation (NASDAQ:APPN) by 298.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 995,210 shares of the company’s stock after buying an additional 745,210 shares during the period. Appian makes up approximately 2.8% of Wolf Hill Capital Management LP’s portfolio, making the stock its 14th biggest position. Wolf Hill Capital Management LP’s holdings in Appian were worth $30,424,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership grew its stake in Appian by 211.8% in the second quarter. Arrowstreet Capital Limited Partnership now owns 690,788 shares of the company’s stock valued at $20,627,000 after acquiring an additional 469,259 shares during the period. Dynamic Technology Lab Private Ltd acquired a new position in shares of Appian during the second quarter worth approximately $874,000. Citigroup Inc. raised its position in shares of Appian by 313.5% during the third quarter. Citigroup Inc. now owns 200,851 shares of the company’s stock worth $6,140,000 after purchasing an additional 152,275 shares during the period. Campbell & CO Investment Adviser LLC bought a new position in shares of Appian in the 3rd quarter worth $1,084,000. Finally, Squarepoint Ops LLC lifted its holdings in shares of Appian by 202.6% in the 2nd quarter. Squarepoint Ops LLC now owns 93,700 shares of the company’s stock worth $2,798,000 after purchasing an additional 62,733 shares in the last quarter. 52.70% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on APPN. Barclays decreased their price target on shares of Appian from $34.00 to $21.00 and set an “underweight” rating for the company in a research note on Friday, February 20th. Morgan Stanley set a $41.00 price objective on shares of Appian in a research note on Friday, February 20th. Weiss Ratings reissued a “sell (d-)” rating on shares of Appian in a research report on Monday, December 29th. Citigroup lowered their target price on shares of Appian from $48.00 to $38.00 and set a “buy” rating on the stock in a report on Friday, February 20th. Finally, TD Cowen dropped their price target on shares of Appian from $35.00 to $30.00 and set a “hold” rating on the stock in a research report on Friday, February 20th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $30.00.

Appian Stock Performance

APPN traded up $0.36 during mid-day trading on Friday, reaching $25.51. 169,525 shares of the stock were exchanged, compared to its average volume of 1,130,161. Appian Corporation has a 1 year low of $21.77 and a 1 year high of $46.06. The stock has a market capitalization of $1.89 billion, a PE ratio of 2,546.50 and a beta of 0.92. The company has a 50 day moving average price of $27.70 and a two-hundred day moving average price of $32.08.

Appian (NASDAQ:APPN) last announced its earnings results on Thursday, February 19th. The company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.11 by $0.04. Appian had a net margin of 0.17% and a negative return on equity of 11.83%. The company had revenue of $202.87 million during the quarter, compared to the consensus estimate of $189.33 million. The company’s quarterly revenue was up 21.7% on a year-over-year basis. Appian has set its FY 2026 guidance at 0.820-0.960 EPS and its Q1 2026 guidance at 0.160-0.200 EPS. Sell-side analysts expect that Appian Corporation will post -0.28 EPS for the current fiscal year.

About Appian

Appian Corporation is a global technology company specializing in low-code automation platforms designed to streamline business processes. Founded in 1999 by Matt Calkins, the company provides an integrated suite of tools that enables organizations to build enterprise applications and workflows rapidly with minimal hand coding. The platform combines process management, robotic process automation (RPA), artificial intelligence (AI) capabilities and data integration into a single environment, allowing businesses to accelerate digital transformation initiatives.

The core offering, the Appian Low-Code Platform, empowers users—ranging from professional developers to business analysts—to visually model, design and deploy applications that can automate complex operations, orchestrate tasks across systems, and deliver real-time analytics.