Appian (NASDAQ:APPN) Stock Gets Downgrade from Wall Street Zen

Key Points

• Wall Street Zen downgraded Appian from “strong-buy” to “buy,” while the broader analyst consensus remains “Reduce” with an average price target of $32.17.
• Appian shares were down 6.0%, opening at $41.17, compared with a 52-week range of $18.63 to $46.06; the stock’s market capitalization is approximately $2.95 billion.
• The company reported quarterly revenue of $203.26 million, up 19.1% year over year and above analyst expectations, but continues to post negative net margins and return on equity. CEO Matthew Calkins also sold 45,000 shares under a pre-arranged trading plan.

Appian (NASDAQ:APPN - Get Free Report) was downgraded by investment analysts at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

Other research analysts also recently issued reports about the company. Morgan Stanley upped their price objective on Appian from $25.00 to $32.00 and gave the stock an "equal weight" rating in a research note on Friday, August 7th. Citigroup increased their price objective on Appian from $37.00 to $40.00 and gave the stock a "buy" rating in a report on Friday, August 7th. Barclays lifted their target price on Appian from $26.00 to $30.00 and gave the company an "underweight" rating in a research note on Tuesday. Zacks Research downgraded shares of Appian from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, October 6th. Finally, Weiss Ratings raised Appian from a "sell (e+)" rating to a "sell (d-)" rating in a report on Thursday, September 3rd. One equities research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Appian presently has a consensus rating of "Reduce" and a consensus price target of $32.17.

Appian Stock Down 6.0%

NASDAQ APPN opened at $41.17 on Friday. The stock has a market capitalization of $2.95 billion, a P/E ratio of -274.45 and a beta of 0.92. Appian has a 52-week low of $18.63 and a 52-week high of $46.06. The firm has a 50-day moving average price of $37.84 and a 200 day moving average price of $28.47.

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

Insider Buying and Selling

In other news, CEO Matthew Calkins sold 45,000 shares of the company's stock in a transaction dated Wednesday, October 7th. The shares were sold at an average price of $37.50, for a total value of $1,687,500.00. Following the sale, the chief executive officer owned 1,584,144 shares of the company's stock, valued at approximately $59,405,400. This represents a 2.76% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 42.81% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in APPN. IFP Advisors Inc increased its position in Appian by 35.5% during 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. KBC Group NV bought a new position in Appian during the 1st quarter worth approximately $31,000. State of Alaska Department of Revenue bought a new stake in Appian during the third quarter valued at $73,000. Allworth Financial LP lifted its stake 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 buying an additional 350 shares during the period. Finally, Integrated Wealth Concepts LLC bought a new stake in Appian in the second quarter valued at $63,000. Institutional investors and hedge funds own 52.70% of the company's stock.

About Appian

Appian Corporation develops a low-code platform designed to help organizations build, manage and automate business applications and workflows. Its platform combines process orchestration, data management, artificial intelligence, robotic process automation and case management capabilities, enabling businesses to connect information from multiple systems and coordinate complex operational processes.

Appian provides cloud-based and self-managed deployment options, along with consulting, implementation, training and support services.

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