Appian Corporation (NASDAQ:APPN) Receives Consensus Rating of "Hold" from Analysts

Appian Corporation (NASDAQ:APPN - Get Free Report) has earned a consensus rating of "Hold" from the seven brokerages that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation, one has assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $33.40.

Several research firms have recently weighed in on APPN. Citigroup lifted their target price on shares of Appian from $40.00 to $41.00 and gave the stock a "buy" rating in a research report on Tuesday, May 13th. Scotiabank reduced their target price on shares of Appian from $37.00 to $34.00 and set a "sector perform" rating for the company in a research note on Thursday, April 24th. Morgan Stanley lifted their target price on shares of Appian from $27.00 to $29.00 and gave the company an "equal weight" rating in a research note on Friday, May 9th. DA Davidson began coverage on shares of Appian in a research note on Friday, August 8th. They issued a "neutral" rating and a $30.00 price objective for the company. Finally, Barclays boosted their price objective on shares of Appian from $28.00 to $33.00 and gave the stock an "underweight" rating in a research note on Friday, May 9th.

Appian Stock Down 2.5%

Shares of Appian stock traded down $0.74 during trading on Monday, hitting $28.99. The stock had a trading volume of 662,058 shares, compared to its average volume of 671,346. The stock has a 50 day simple moving average of $29.35 and a 200 day simple moving average of $30.36. The company has a market capitalization of $2.15 billion, a PE ratio of -126.04 and a beta of 1.75. Appian has a 1 year low of $24.00 and a 1 year high of $43.33.

Appian (NASDAQ:APPN - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.01). The firm had revenue of $170.64 million for the quarter, compared to analyst estimates of $160.01 million. Appian's quarterly revenue was up 16.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.26) earnings per share. Appian has set its FY 2025 guidance at 0.280-0.360 EPS. Q3 2025 guidance at 0.030-0.070 EPS. As a group, equities analysts expect that Appian will post -0.28 earnings per share for the current fiscal year.

Insider Buying and Selling at Appian

In other news, major shareholder Abdiel Capital Advisors, Lp sold 10,450 shares of the business's stock in a transaction on Wednesday, June 11th. The shares were sold at an average price of $31.45, for a total value of $328,652.50. Following the completion of the sale, the insider directly owned 7,736,491 shares in the company, valued at approximately $243,312,641.95. The trade was a 0.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold 1,462,510 shares of company stock valued at $46,548,837 in the last ninety days. 44.00% of the stock is currently owned by insiders.

Institutional Trading of Appian

Institutional investors and hedge funds have recently modified their holdings of the company. Chicago Partners Investment Group LLC raised its stake in Appian by 1.2% during the 1st quarter. Chicago Partners Investment Group LLC now owns 31,495 shares of the company's stock valued at $958,000 after purchasing an additional 368 shares during the last quarter. Concord Wealth Partners raised its stake in Appian by 21.7% during the 1st quarter. Concord Wealth Partners now owns 2,581 shares of the company's stock valued at $74,000 after purchasing an additional 461 shares during the last quarter. Canada Pension Plan Investment Board raised its stake in Appian by 27.8% during the 4th quarter. Canada Pension Plan Investment Board now owns 2,300 shares of the company's stock valued at $76,000 after purchasing an additional 500 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in Appian by 7.4% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,386 shares of the company's stock valued at $221,000 after purchasing an additional 507 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its stake in Appian by 89.0% during the 2nd quarter. PNC Financial Services Group Inc. now owns 1,198 shares of the company's stock valued at $36,000 after purchasing an additional 564 shares during the last quarter. 52.70% of the stock is currently owned by institutional investors and hedge funds.

Appian Company Profile

Appian Corporation, a software company that provides low-code design platform in the United States, Mexico, Portugal, and internationally. The company's platform offers artificial intelligence, process automation, data fabric, and process mining. It provides The Appian Platform, an integrated automation platform that enables organizations to design, automate, and optimize mission-critical business processes.