Appian's (APPN) "Sell (D-)" Rating Reiterated at Weiss Ratings

Key Points

• Weiss Ratings has reiterated a "sell (D-)" rating for Appian (APPN), indicating continued negative sentiment about the stock's performance.
• Appian's quarterly earnings report showed a revenue increase of 16.5% year-over-year, but the company missed earnings expectations, reporting ($0.14) compared to the consensus estimate of ($0.13).
• Institutional investors have significantly increased their holdings in Appian, with notable acquisitions leading to 52.70% of the stock now owned by such investors.

Appian (NASDAQ:APPN - Get Free Report)'s stock had its "sell (d-)" rating reiterated by stock analysts at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

Several other research firms have also weighed in on APPN. Zacks Research lowered Appian from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, September 9th. DA Davidson assumed coverage on Appian in a report on Friday, August 8th. They set a "neutral" rating and a $30.00 target price on the stock. One investment analyst has rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Reduce" and an average target price of $33.40.

Appian Trading Up 0.1%

APPN stock traded up $0.04 on Wednesday, hitting $29.55. 335,627 shares of the company's stock traded hands, compared to its average volume of 695,519. The stock has a market cap of $2.19 billion, a price-to-earnings ratio of -128.47 and a beta of 1.76. Appian has a 1-year low of $24.00 and a 1-year high of $43.33. The stock has a fifty day moving average of $30.20 and a 200-day moving average of $30.01.

Appian (NASDAQ:APPN - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.01). The company had revenue of $170.64 million during the quarter, compared to analysts' expectations of $160.01 million. During the same quarter last year, the firm earned ($0.26) earnings per share. The company's revenue for the quarter was up 16.5% compared to the same quarter last year. 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 anticipate that Appian will post -0.28 earnings per share for the current fiscal year.

Institutional Trading of Appian

A number of institutional investors have recently modified their holdings of APPN. Jones Financial Companies Lllp lifted its position in shares of Appian by 347,121.5% during the 1st quarter. Jones Financial Companies Lllp now owns 1,579,858 shares of the company's stock valued at $45,516,000 after acquiring an additional 1,579,403 shares during the period. Bank of America Corp DE lifted its position in shares of Appian by 182.7% during the 2nd quarter. Bank of America Corp DE now owns 237,421 shares of the company's stock valued at $7,089,000 after acquiring an additional 524,420 shares during the period. Arrowstreet Capital Limited Partnership lifted its position in shares of Appian by 211.8% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 690,788 shares of the company's stock valued at $20,627,000 after acquiring an additional 469,259 shares during the period. Caption Management LLC lifted its position in shares of Appian by 127.3% during the 2nd quarter. Caption Management LLC now owns 80,472 shares of the company's stock valued at $2,403,000 after acquiring an additional 375,758 shares during the period. Finally, Marshall Wace LLP lifted its stake in Appian by 150.8% during the second quarter. Marshall Wace LLP now owns 609,354 shares of the company's stock worth $18,195,000 after purchasing an additional 366,349 shares during the last quarter. 52.70% of the stock is currently owned by institutional investors.

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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