Appian (NASDAQ:APPN) Releases Quarterly Earnings Results, Misses Estimates By $0.01 EPS

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) issued its quarterly earnings data on Thursday. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($0.01), Zacks reports. The company had revenue of $170.64 million during the quarter, compared to analyst estimates of $160.01 million. During the same period in the previous year, the company earned ($0.26) EPS. The business's revenue for the quarter was up 16.5% compared to the same quarter last year. 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 Down 0.3%

Shares of NASDAQ APPN traded down $0.09 during midday trading on Friday, hitting $29.09. 2,181,162 shares of the company's stock were exchanged, compared to its average volume of 985,603. Appian has a 12 month low of $24.00 and a 12 month high of $43.33. The company's 50 day moving average price is $29.70 and its 200 day moving average price is $30.65. The firm has a market capitalization of $2.16 billion, a PE ratio of -126.47 and a beta of 1.75.

Insider Activity at Appian

In other news, major shareholder Abdiel Capital Advisors, Lp sold 300,000 shares of Appian stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $31.83, for a total transaction 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 position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last ninety days, insiders sold 1,878,575 shares of company stock worth $60,068,617. Insiders own 43.00% of the company's stock.

Hedge Funds Weigh In On Appian

A number of hedge funds have recently added to or reduced their stakes in APPN. Goldman Sachs Group Inc. boosted its holdings in shares of Appian by 2.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 385,731 shares of the company's stock valued at $11,113,000 after acquiring an additional 8,319 shares in the last quarter. Millennium Management LLC boosted its holdings in shares of Appian by 18.9% during the 1st quarter. Millennium Management LLC now owns 302,720 shares of the company's stock valued at $8,721,000 after acquiring an additional 48,014 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Appian by 2.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 90,080 shares of the company's stock worth $2,595,000 after purchasing an additional 2,244 shares during the last quarter. Institutional investors own 52.70% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on APPN. Scotiabank decreased their price objective on Appian from $37.00 to $34.00 and set a "sector perform" rating for the company in a research report on Thursday, April 24th. 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. DA Davidson started coverage on Appian in a research note on Friday. They issued a "neutral" rating and a $30.00 target price on the stock. 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. Finally, 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. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $33.40.

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.

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