Appian Corporation (NASDAQ:APPN) Receives $33.40 Average Target Price from Brokerages

Appian Corporation (NASDAQ:APPN - Get Free Report) has earned an average recommendation of "Hold" from the seven brokerages that are presently covering the firm, Marketbeat Ratings 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 assigned a strong buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $33.40.

APPN has been the topic of a number of recent analyst reports. DA Davidson initiated coverage on Appian in a report on Friday, August 8th. They set a "neutral" rating and a $30.00 price target on the stock. Citigroup boosted their target price on Appian from $40.00 to $41.00 and gave the company a "buy" rating in a research note on Tuesday, May 13th. Barclays boosted their target price on Appian from $28.00 to $33.00 and gave the company an "underweight" rating in a research note on Friday, May 9th. Zacks Research upgraded Appian to a "strong-buy" rating in a research note on Monday, August 11th. Finally, Morgan Stanley boosted their target price on Appian from $27.00 to $29.00 and gave the company an "equal weight" rating in a research note on Friday, May 9th.

Appian Price Performance

Shares of APPN stock traded up $0.9650 during trading hours on Monday, reaching $29.9750. The company had a trading volume of 151,236 shares, compared to its average volume of 667,181. Appian has a 12 month low of $24.00 and a 12 month high of $43.33. The business has a fifty day simple moving average of $29.27 and a 200-day simple moving average of $30.31. The company has a market cap of $2.22 billion, a price-to-earnings ratio of -130.21 and a beta of 1.75.

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

Insider Buying and Selling at Appian

In other news, major shareholder Abdiel Capital Advisors, Lp sold 300,000 shares of Appian stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $31.83, for a total value of $9,549,000.00. Following the completion of the transaction, the insider directly owned 8,430,391 shares in the company, valued at approximately $268,339,345.53. The trade was a 3.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 1,462,510 shares of company stock valued at $46,548,837 in the last three months. 43.00% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Appian

Several hedge funds have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. raised its position in Appian by 1,244.8% during the 4th quarter. Russell Investments Group Ltd. now owns 3,779 shares of the company's stock valued at $125,000 after purchasing an additional 3,498 shares during the last quarter. GAMMA Investing LLC raised its position in Appian by 2,716.2% during the 1st quarter. GAMMA Investing LLC now owns 6,252 shares of the company's stock valued at $1,800,000 after purchasing an additional 6,030 shares during the last quarter. Teacher Retirement System of Texas bought a new position in Appian during the 1st quarter valued at approximately $373,000. Raymond James Financial Inc. bought a new position in Appian during the 4th quarter valued at approximately $1,688,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Appian by 9.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 87,836 shares of the company's stock valued at $2,897,000 after purchasing an additional 7,594 shares during the last quarter. Institutional investors own 52.70% of the company's stock.

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.