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0 -0.000187423859057221 0.00103083122481491 0.00131196701340081 -0.000374847718114575 0.0107768718957923 0.00599756348983226 0.00271764595633017
Stock impact report

Activist Fivespan Partners takes 6% stake in Appian [Yahoo! Finance]

Qiagen N.V. Common Shares (QGEN) 
Last qiagen n.v. common shares earnings: 2/4 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: corporate.qiagen.com/investor-relations
Company Research Source: Yahoo! Finance
The San Francisco-based firm revealed a 6.2% stake in the enterprise software provider, according to a 13D filing submitted late Tuesday. The hedge fund now controls 2,630,907 total shares, signaling a significant push into the low-code automation space. "The Reporting Persons acquired the securities of the Issuer reported herein based on their belief that the securities were undervalued and represented an attractive investment opportunity," the filing stated. Fivespan's entry comes as Appian faces increasing pressure to revitalize a stock price that has struggled following a dramatic valuation reset from its pandemic-era heights. The stock reached an all-time high of $235.24 in January 2021 before a broader rotation away from high-multiple, unprofitable tech names triggered an 86% decline over the past 5 years. Fivespan indicated it intends to engage deeply with management on issues ranging from capital allocation to board composition and mergers and acquisitions. According to Show less Read more
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