Appian (NASDAQ:APPN) Updates Q3 2026 Earnings Guidance

Key Points

• Appian raised its Q3 2026 guidance to EPS of $0.31–$0.35 and revenue of $214 million–$218 million, both above analyst estimates of $0.29 EPS and $208.3 million revenue. Full-year 2026 EPS guidance is $1.04–$1.12.
• Analyst sentiment remains cautious, with an average “Reduce” rating and a $26 target price; one analyst rates the stock Buy, four Hold, and two Sell.
• Appian shares fell 1.9% to $29.39 during Thursday trading. The company’s latest quarter beat expectations with $0.13 EPS and $203.26 million in revenue, up 19.1% year over year.

Appian (NASDAQ:APPN - Get Free Report) updated its third quarter 2026 earnings guidance on Thursday morning. The company provided earnings per share guidance of 0.310-0.350 for the period, compared to the consensus earnings per share estimate of 0.290. The company issued revenue guidance of $214.0 million-$218.0 million, compared to the consensus revenue estimate of $208.3 million. Appian also updated its FY 2026 guidance to 1.040-1.120 EPS.

Wall Street Analyst Weigh In

A number of research firms have issued reports on APPN. TD Cowen cut their target price on shares of Appian from $27.00 to $24.00 and set a "hold" rating on the stock in a research report on Friday, May 15th. DA Davidson lowered their target price on shares of Appian from $25.00 to $22.00 and set a "neutral" rating for the company in a report on Friday, May 15th. Barclays increased their price target on Appian from $21.00 to $23.00 and gave the company an "underweight" rating in a research note on Friday, May 8th. Weiss Ratings restated a "sell (d)" rating on shares of Appian in a research report on Wednesday, May 20th. Finally, UBS Group set a $25.00 price target on shares of Appian in a research report on Thursday, April 30th. One research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Reduce" and an average target price of $26.00.

Appian Stock Down 1.9%

Shares of NASDAQ:APPN traded down $0.57 during midday trading on Thursday, hitting $29.39. The stock had a trading volume of 602,695 shares, compared to its average volume of 973,346. The company has a market cap of $2.16 billion, a P/E ratio of 2,953.45 and a beta of 0.85. Appian has a 12 month low of $18.63 and a 12 month high of $46.06. The business's 50-day simple moving average is $24.35 and its 200-day simple moving average is $24.25.

Appian (NASDAQ:APPN - Get Free Report) last announced its quarterly earnings results 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 net margin of 0.12% and a negative return on equity of 26.12%. 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. As a group, equities analysts predict that Appian will post 0.34 earnings per share for the current year.

Insider Buying and Selling

In other news, CEO Matthew W. Calkins sold 50,000 shares of the stock in a transaction dated Tuesday, July 7th. The shares were sold at an average price of $24.72, for a total value of $1,236,000.00. Following the transaction, the chief executive officer directly owned 1,719,144 shares of the company's stock, valued at $42,497,239.68. This represents a 2.83% 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 this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CRO Mark Dorsey bought 5,227 shares of the business's stock in a transaction dated Wednesday, May 13th. The shares were bought at an average price of $19.13 per share, with a total value of $99,992.51. Following the purchase, the executive owned 13,993 shares in the company, valued at $267,686.09. The trade was a 59.63% increase in their position. The SEC filing for this purchase provides additional information. 42.81% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Appian

A number of institutional investors and hedge funds have recently bought and sold shares of APPN. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Appian by 693.4% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 968 shares of the company's stock valued at $30,000 after purchasing an additional 846 shares in the last quarter. Aster Capital Management DIFC Ltd bought a new stake in Appian during the 4th quarter worth approximately $30,000. Kestra Advisory Services LLC acquired a new position in Appian in the 4th quarter valued at approximately $34,000. State of Wyoming raised its stake in shares of Appian by 55.0% during the fourth quarter. State of Wyoming now owns 1,462 shares of the company's stock valued at $52,000 after acquiring an additional 519 shares during the last quarter. Finally, Aquatic Capital Management LLC acquired a new position in shares of Appian during the third quarter worth $75,000. Institutional investors and hedge funds own 52.70% of the company's stock.

About Appian

Appian Corporation is a global technology company specializing in low-code automation platforms designed to streamline business processes. Founded in 1999 by Matt Calkins, the company provides an integrated suite of tools that enables organizations to build enterprise applications and workflows rapidly with minimal hand coding. The platform combines process management, robotic process automation (RPA), artificial intelligence (AI) capabilities and data integration into a single environment, allowing businesses to accelerate digital transformation initiatives.

The core offering, the Appian Low-Code Platform, empowers users—ranging from professional developers to business analysts—to visually model, design and deploy applications that can automate complex operations, orchestrate tasks across systems, and deliver real-time analytics.

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