Appian Corporation (NASDAQ:APPN) Given Average Rating of "Hold" by Analysts

Key Points

• Analysts collectively rate Appian “Hold.” Among seven brokerages, two recommend selling, three rate it a hold, one recommends buying, and one issues a strong-buy rating; the average 12-month price target is $31.
• Recent analyst actions were mixed but included multiple upgrades and higher targets, with Citigroup raising its target to $40 and Zacks Research upgrading the stock to “strong buy.”
• Appian reported quarterly revenue of $203.26 million, up 19.1% year over year and above estimates, while the stock opened at $38.62 and remained unprofitable on a net-margin basis.

Shares of Appian Corporation (NASDAQ:APPN - Get Free Report) have received a consensus rating of "Hold" from the seven brokerages that are covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation, one has given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $31.00.

APPN has been the subject of a number of analyst reports. Citigroup boosted their price objective on Appian from $37.00 to $40.00 and gave the company a "buy" rating in a research report on Friday, August 7th. Zacks Research raised Appian from a "hold" rating to a "strong-buy" 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. Morgan Stanley boosted their price target on shares of Appian from $25.00 to $32.00 and gave the company an "equal weight" rating in a report on Friday, August 7th. Finally, Wall Street Zen upgraded shares of Appian from a "buy" rating to a "strong-buy" rating in a research report on Saturday, September 12th.

Insiders Place Their Bets

In other Appian news, CEO Matthew Calkins sold 45,000 shares of the business's stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $35.19, for a total transaction of $1,583,550.00. Following the completion of the transaction, the chief executive officer directly owned 1,629,144 shares of the company's stock, valued at $57,329,577.36. The trade was a 2.69% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 42.81% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Appian

A number of hedge funds have recently made changes to their positions in APPN. Integrated Wealth Concepts LLC acquired a new position in shares of Appian during the second quarter worth approximately $63,000. IFP Advisors Inc increased its position in Appian by 35.5% in the 2nd quarter. IFP Advisors Inc now owns 1,108 shares of the company's stock valued at $25,000 after acquiring an additional 290 shares during the period. Allworth Financial LP increased its position in Appian by 15.0% in the 2nd quarter. Allworth Financial LP now owns 2,678 shares of the company's stock valued at $61,000 after acquiring an additional 350 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Appian during the 2nd quarter valued at $1,407,000. Finally, AXQ Capital LP raised its stake in Appian by 43.5% during the 2nd quarter. AXQ Capital LP now owns 15,715 shares of the company's stock valued at $360,000 after acquiring an additional 4,761 shares in the last quarter. Institutional investors own 52.70% of the company's stock.

Appian Stock Up 2.9%

APPN opened at $38.62 on Tuesday. The firm has a market cap of $2.77 billion, a price-to-earnings ratio of -257.45 and a beta of 0.94. Appian has a fifty-two week low of $18.63 and a fifty-two week high of $46.06. The company's 50-day moving average price is $33.58 and its 200 day moving average price is $26.81.

Appian (NASDAQ:APPN - Get Free Report) last issued its earnings results on Thursday, August 6th. The company reported $0.13 earnings per share (EPS) for the quarter. The firm had revenue of $203.26 million for the quarter, compared to analysts' expectations of $193.38 million. Appian had a negative net margin of 1.34% and a negative return on equity of 35.20%. The company's quarterly revenue was up 19.1% compared to the same quarter last year. Appian has set its FY 2026 guidance at 1.040-1.120 EPS and its Q3 2026 guidance at 0.310-0.350 EPS. Research analysts anticipate that Appian will post 0.45 earnings per share for the current year.

About Appian

Appian Corporation develops enterprise software designed to help organizations build applications and automate business processes. Its low-code platform enables users to design, deploy and manage applications with limited traditional programming, supporting workflow automation, process orchestration, case management and business process improvement.

The Appian Platform combines application development tools with data management, artificial intelligence, robotic process automation and process-mining capabilities.

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