DA Davidson Upgrades Appian (NASDAQ:APPN) to "Hold"

Appian (NASDAQ:APPN - Get Free Report) was upgraded by equities researchers at DA Davidson to a "hold" rating in a research note issued to investors on Tuesday,Zacks.com reports. DA Davidson also issued estimates for Appian's Q2 2025 earnings at ($0.27) EPS, FY2025 earnings at ($0.34) EPS and FY2026 earnings at ($0.04) EPS.

Other research analysts have also issued reports about the company. Scotiabank cut their price objective on Appian from $37.00 to $34.00 and set a "sector perform" rating on the stock in a report on Thursday, April 24th. Citigroup increased their price objective on Appian from $40.00 to $41.00 and gave the company a "buy" rating in a report on Tuesday, May 13th. Morgan Stanley boosted their price objective on Appian from $27.00 to $29.00 and gave the company an "equal weight" rating in a report on Friday, May 9th. Finally, Barclays raised their target price on Appian from $28.00 to $33.00 and gave the stock an "underweight" rating in a report on Friday, May 9th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Appian has a consensus rating of "Hold" and a consensus target price of $35.50.

Appian Trading Up 0.3%

Shares of APPN stock traded up $0.09 during mid-day trading on Tuesday, reaching $29.61. The stock had a trading volume of 908,134 shares, compared to its average volume of 694,636. The business's fifty day moving average is $30.29 and its 200-day moving average is $30.97. The firm has a market cap of $2.20 billion, a price-to-earnings ratio of -35.67 and a beta of 1.72. Appian has a 1-year low of $24.00 and a 1-year high of $43.33.

Appian (NASDAQ:APPN - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.13 earnings per share for the quarter, beating analysts' consensus estimates of $0.03 by $0.10. The firm had revenue of $166.43 million during the quarter, compared to analyst estimates of $163.27 million. The firm's revenue for the quarter was up 11.1% on a year-over-year basis. During the same period in the prior year, the company posted ($0.24) earnings per share. On average, analysts forecast that Appian will post -0.28 earnings per share for the current year.

Insider Buying and Selling

In related news, major shareholder Abdiel Capital Advisors, Lp sold 10,450 shares of Appian stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $31.45, for a total value of $328,652.50. Following the completion of the transaction, the insider owned 7,736,491 shares in the company, valued at $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 is available at the SEC website. Insiders sold 2,018,625 shares of company stock worth $64,544,615 over the last quarter. 43.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On Appian

A number of hedge funds have recently bought and sold shares of APPN. Jones Financial Companies Lllp increased its position in shares of Appian by 347,121.5% in the first quarter. Jones Financial Companies Lllp now owns 1,579,858 shares of the company's stock valued at $45,516,000 after buying an additional 1,579,403 shares in the last quarter. Hawk Ridge Capital Management LP purchased a new stake in shares of Appian in the first quarter valued at approximately $7,557,000. Jacobs Levy Equity Management Inc. purchased a new stake in shares of Appian in the first quarter valued at approximately $7,166,000. AQR Capital Management LLC increased its position in shares of Appian by 368.8% in the first quarter. AQR Capital Management LLC now owns 199,869 shares of the company's stock valued at $5,758,000 after buying an additional 157,233 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in shares of Appian in the fourth quarter valued at approximately $4,918,000. 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.