Appian Corporation (APPN) - What Are Researchers Saying About This Stock?

Key Points

• Analyst sentiment is mixed: Eight analysts give Appian a consensus “Hold” rating—two “Buy,” four “Hold,” and two “Sell”—with an average one-year price target of $44.33.
• Appian beat quarterly estimates: It reported EPS of $0.51 versus the $0.33 consensus and revenue of $234.63 million versus $216.94 million; revenue rose 25.5% year over year.
• Insiders have been selling shares: Company insiders sold 120,000 shares worth about $4.83 million over the last three months; CEO Matthew Calkins’s 45,000-share sale was made under a pre-arranged trading plan.

Shares of Appian Corporation (NASDAQ:APPN - Get Free Report) have received an average recommendation of "Hold" from the eight analysts that are covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $44.33.

APPN has been the topic of a number of recent analyst reports. Barclays increased their price target on shares of Appian from $26.00 to $30.00 and gave the company an "underweight" rating in a report on Tuesday, October 13th. Citigroup boosted their price objective on shares of Appian from $40.00 to $69.00 and gave the stock a "buy" rating in a report on Friday, November 6th. Morgan Stanley upped their price objective on Appian from $25.00 to $32.00 and gave the company an "equal weight" rating in a research report on Friday, August 7th. Weiss Ratings upgraded Appian from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Thursday, September 3rd. Finally, TD Cowen increased their target price on Appian from $30.00 to $50.00 and gave the company a "hold" rating in a research note on Tuesday, November 3rd.

Appian Price Performance

Shares of Appian stock opened at $52.35 on Wednesday. The stock has a market cap of $3.75 billion, a price-to-earnings ratio of -654.38 and a beta of 0.83. The firm's 50-day moving average is $41.90 and its 200 day moving average is $29.77. Appian has a 1 year low of $18.63 and a 1 year high of $56.38.

Appian (NASDAQ:APPN - Get Free Report) last announced its quarterly earnings data on Thursday, November 5th. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.33 by $0.18. The company had revenue of $234.63 million for the quarter, compared to the consensus estimate of $216.94 million. Appian had a negative net margin of 0.72% and a negative return on equity of 43.13%. Appian's revenue for the quarter was up 25.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.32 EPS. Appian has set its FY 2026 guidance at 1.200-1.240 EPS and its Q4 2026 guidance at 0.300-0.340 EPS. On average, equities analysts expect that Appian will post 0.51 EPS for the current fiscal year.

Insider Buying and Selling at Appian

In other news, CEO Matthew Calkins sold 45,000 shares of the company's stock in a transaction on Wednesday, October 7th. The stock was sold at an average price of $37.50, for a total transaction of $1,687,500.00. Following the transaction, the chief executive officer directly owned 1,584,144 shares of the company's stock, valued at $59,405,400. This represents a 2.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 120,000 shares of company stock valued at $4,830,450 in the last three months. 42.81% of the stock is owned by insiders.

Hedge Funds Weigh In On Appian

A number of hedge funds have recently bought and sold shares of APPN. RPD Fund Management LLC purchased a new stake in shares of Appian during the 1st quarter valued at about $94,496,000. Lead Edge Capital Management LLC raised its holdings in shares of Appian by 18.5% during the first quarter. Lead Edge Capital Management LLC now owns 1,905,634 shares of the company's stock valued at $45,945,000 after purchasing an additional 296,845 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of Appian during the second quarter valued at approximately $1,407,000. First Trust Advisors LP raised its holdings in shares of Appian by 16.9% during the first quarter. First Trust Advisors LP now owns 1,355,961 shares of the company's stock valued at $32,692,000 after purchasing an additional 196,021 shares during the last quarter. Finally, Calamos Advisors LLC purchased a new position in shares of Appian during the third quarter valued at approximately $2,037,000. Hedge funds and other institutional investors own 52.70% of the company's stock.

Appian Company Profile

Appian Corporation develops a low-code platform that helps organizations build and manage business applications and automate complex processes. Its offerings combine application development tools with capabilities for workflow automation, case management, robotic process automation, and process mining. Founded in 1999 by Matt Calkins, Appian serves businesses and government organizations in a range of industries, including financial services, insurance, healthcare, life sciences, and the public sector.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.