Appian (NASDAQ:APPN) Raised to Strong-Buy at Wall Street Zen

Key Points

• Wall Street Zen upgraded Appian to “strong buy” from “buy,” while other analysts remain mixed; MarketBeat reports an overall “hold” consensus and an average price target of $31.
• Appian reported quarterly EPS of $0.13 and revenue of $203.26 million, exceeding the $193.38 million consensus estimate; revenue increased 19.1% year over year.
• Appian shares opened at $34.76, up 2.0%, with a market capitalization of $2.49 billion. CEO Matthew Calkins sold 45,000 shares for about $1.58 million under a pre-arranged trading plan, while insiders collectively own 42.81% of the company.

Appian (NASDAQ:APPN - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a research note issued on Saturday, Wall Street Zen reports.

Several other equities research analysts also recently issued reports on APPN. Citigroup increased their target price on Appian from $37.00 to $40.00 and gave the stock a "buy" rating in a research report on Friday, August 7th. TD Cowen reduced their price target on Appian from $27.00 to $24.00 and set a "hold" rating for the company in a research report on Friday, May 15th. Zacks Research upgraded Appian from a "hold" rating to a "strong-buy" rating in a research report on Friday, August 7th. Weiss Ratings upgraded Appian from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Thursday, September 3rd. Finally, DA Davidson increased their price objective on Appian from $34.00 to $42.00 and gave the stock a "neutral" rating in a report on Friday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $31.00.

Appian Stock Up 2.0%

NASDAQ APPN opened at $34.76 on Friday. The company has a market cap of $2.49 billion, a PE ratio of -231.72 and a beta of 0.94. Appian has a 52 week low of $18.63 and a 52 week high of $46.06. The firm's 50-day simple moving average is $32.02 and its two-hundred day simple moving average is $26.31.

Appian (NASDAQ:APPN - Get Free Report) last posted its earnings results on Thursday, August 6th. The company reported $0.13 earnings per share for the quarter. The firm had revenue of $203.26 million during the quarter, compared to the consensus estimate of $193.38 million. Appian had a negative net margin of 1.34% and a negative return on equity of 35.20%. The company's revenue was up 19.1% compared to the same quarter last year. Appian has set its FY 2026 guidance at 1.040-1.120 EPS and its Q3 2026 guidance at 0.310-0.350 EPS. As a group, equities research analysts anticipate that Appian will post 0.45 EPS for the current year.

Insiders Place Their Bets

In other Appian news, CEO Matthew Calkins sold 45,000 shares of the stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $35.19, for a total value of $1,583,550.00. Following the sale, the chief executive officer directly owned 1,629,144 shares in the company, valued at $57,329,577.36. This represents a 2.69% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 42.81% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in APPN. IFP Advisors Inc lifted its stake in Appian by 35.5% in the second quarter. IFP Advisors Inc now owns 1,108 shares of the company's stock worth $25,000 after acquiring an additional 290 shares during the period. Allworth Financial LP boosted its holdings in Appian by 15.0% in the second quarter. Allworth Financial LP now owns 2,678 shares of the company's stock valued at $61,000 after acquiring an additional 350 shares in the last quarter. State of Wyoming increased its position in Appian by 55.0% during the 4th quarter. State of Wyoming now owns 1,462 shares of the company's stock valued at $52,000 after purchasing an additional 519 shares during the period. ProShare Advisors LLC increased its position in Appian by 7.8% during the 4th quarter. ProShare Advisors LLC now owns 7,481 shares of the company's stock valued at $265,000 after purchasing an additional 543 shares during the period. Finally, Legal & General Group Plc raised its holdings in Appian by 1.7% in the 3rd quarter. Legal & General Group Plc now owns 37,730 shares of the company's stock worth $1,153,000 after purchasing an additional 632 shares in the last quarter. 52.70% of the stock is currently owned by hedge funds and other institutional investors.

Appian Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.