Appian (NASDAQ:APPN) Announces Earnings Results

Key Points

• Appian reported a quarterly earnings per share (EPS) of (0.14), missing analysts' expectations by $0.01, while revenue increased 16.5% year-over-year to $170.64 million.
• Insider activity revealed major shareholder Abdiel Capital Advisors sold 300,000 shares for approximately $9.55 million, reducing their stake by 3.44%.
• Analyst ratings for Appian vary, with one sell rating, four hold ratings, and one buy rating, resulting in a consensus price target of $33.40.

Appian (NASDAQ:APPN - Get Free Report) posted its quarterly earnings results on Thursday, August 7th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.01), Zacks reports. The business had revenue of $170.64 million during the quarter, compared to the consensus estimate of $160.01 million. Appian's revenue for the quarter was up 16.5% compared to the same quarter last year. During the same period last year, the business earned ($0.26) EPS. Appian updated its FY 2025 guidance to 0.280-0.360 EPS and its Q3 2025 guidance to 0.030-0.070 EPS.

Appian Stock Performance

Shares of NASDAQ:APPN traded up $0.02 during trading on Thursday, reaching $29.73. 1,004,603 shares of the stock were exchanged, compared to its average volume of 1,243,373. Appian has a 12-month low of $24.00 and a 12-month high of $43.33. The firm has a market cap of $2.21 billion, a price-to-earnings ratio of -129.26 and a beta of 1.75. The firm's 50-day moving average price is $29.47 and its 200 day moving average price is $30.52.

Analyst Upgrades and Downgrades

APPN has been the subject of several recent analyst reports. Barclays lifted their price target on Appian from $28.00 to $33.00 and gave the company an "underweight" rating in a report on Friday, May 9th. Scotiabank lowered their price target on Appian from $37.00 to $34.00 and set a "sector perform" rating for the company in a report on Thursday, April 24th. Morgan Stanley lifted their price target on Appian from $27.00 to $29.00 and gave the company an "equal weight" rating in a report on Friday, May 9th. Citigroup lifted their price target on Appian from $40.00 to $41.00 and gave the company a "buy" rating in a report on Tuesday, May 13th. Finally, DA Davidson initiated coverage on Appian in a report on Friday, August 8th. They issued a "neutral" rating and a $30.00 price target for the company. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $33.40.

Insider Activity

In other news, major shareholder Abdiel Capital Advisors, Lp sold 10,450 shares of the business's stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $31.45, for a total transaction of $328,652.50. Following the completion of the sale, the insider owned 7,736,491 shares in the company, valued at approximately $243,312,641.95. The trade was a 0.13% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In the last three months, insiders sold 1,777,910 shares of company stock worth $56,779,891. 43.00% of the stock is currently owned by insiders.

Institutional Trading of Appian

Institutional investors have recently modified their holdings of the company. Globeflex Capital L P acquired a new position in Appian during the 2nd quarter worth approximately $90,000. Invesco Ltd. boosted its holdings in Appian by 34.7% in the 2nd quarter. Invesco Ltd. now owns 32,343 shares of the company's stock worth $966,000 after acquiring an additional 8,329 shares during the period. Amundi boosted its holdings in Appian by 234.6% in the 2nd quarter. Amundi now owns 33,335 shares of the company's stock worth $1,005,000 after acquiring an additional 23,373 shares during the period. Sei Investments Co. purchased a new position in Appian in the 2nd quarter worth approximately $1,157,000. Finally, Caption Management LLC boosted its holdings in Appian by 127.3% in the 2nd quarter. Caption Management LLC now owns 80,472 shares of the company's stock worth $2,403,000 after acquiring an additional 375,758 shares during the period. Hedge funds and other institutional investors own 52.70% of the company's stock.

About Appian

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.