Appian Corporation (NASDAQ:APPN) Stock Has Consensus Target Price of $32.17 According to Brokerages

Key Points

• Analyst sentiment is cautious: Seven brokerages give Appian a consensus “Reduce” rating, comprising two sells, four holds and one buy. Their average 12-month price target is $32.17, below the stock’s recent price of $41.17.
• Appian reported solid quarterly growth: The company posted adjusted EPS of $0.13 and revenue of $203.26 million, exceeding analyst estimates, while revenue increased 19.1% year over year. However, it continued to report a negative net margin and return on equity.
• Insider and institutional ownership remain significant: CEO Matthew Calkins sold 45,000 shares for approximately $1.69 million under a pre-arranged trading plan, while insiders own 42.81% and institutional investors own 52.70% of the company.

Appian Corporation (NASDAQ:APPN - Get Free Report) has received a consensus recommendation of "Reduce" from the seven research firms that are presently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $32.17.

A number of brokerages have recently issued reports on APPN. Citigroup boosted their price objective on Appian from $37.00 to $40.00 and gave the stock a "buy" rating in a 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. DA Davidson increased their target price on Appian from $34.00 to $42.00 and gave the stock a "neutral" rating in a research note on Friday, August 14th. Zacks Research cut Appian from a "strong-buy" rating to a "hold" rating in a report on Tuesday, October 6th. Finally, Morgan Stanley boosted their price target on Appian from $25.00 to $32.00 and gave the company an "equal weight" rating in a research note on Friday, August 7th.

Appian Stock Performance

Shares of APPN stock traded down $2.65 during midday trading on Friday, hitting $41.17. 1,884,576 shares of the company were exchanged, compared to its average volume of 818,856. The firm has a market capitalization of $2.95 billion, a P/E ratio of -274.45 and a beta of 0.92. The firm's 50 day moving average price is $37.84 and its two-hundred day moving average price is $28.47. Appian has a 52 week low of $18.63 and a 52 week high of $46.06.

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 business had revenue of $203.26 million for the quarter, compared to analyst estimates of $193.38 million. Appian had a negative net margin of 1.34% and a negative return on equity of 35.20%. The business's revenue for the quarter 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. Analysts expect that Appian will post 0.45 EPS for the current year.

Insider Buying and Selling at Appian

In other news, CEO Matthew Calkins sold 45,000 shares of the business's stock in a transaction dated Wednesday, October 7th. The shares were sold at an average price of $37.50, for a total value of $1,687,500.00. Following the completion of the sale, the chief executive officer owned 1,584,144 shares of the company's stock, valued at approximately $59,405,400. The trade was a 2.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 42.81% of the company's stock.

Hedge Funds Weigh In On Appian

A number of hedge funds have recently bought and sold shares of the business. IFP Advisors Inc boosted its holdings 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 purchasing an additional 290 shares during the period. KBC Group NV bought a new position in shares of Appian during the first quarter worth approximately $31,000. Allworth Financial LP increased its holdings in shares of Appian by 15.0% during the second quarter. Allworth Financial LP now owns 2,678 shares of the company's stock worth $61,000 after purchasing an additional 350 shares during the period. Integrated Wealth Concepts LLC bought a new position in shares of Appian during the second quarter worth approximately $63,000. Finally, Globeflex Capital L P acquired a new stake in shares of Appian in the second quarter valued at approximately $69,000. 52.70% of the stock is owned by institutional investors.

Appian Company Profile

Appian Corporation develops a low-code platform designed to help organizations build, manage and automate business applications and workflows. Its platform combines process orchestration, data management, artificial intelligence, robotic process automation and case management capabilities, enabling businesses to connect information from multiple systems and coordinate complex operational processes.

Appian provides cloud-based and self-managed deployment options, along with consulting, implementation, training and support services.

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