What is DA Davidson's Forecast for Appian FY2025 Earnings?

Appian Co. (NASDAQ:APPN - Free Report) - Research analysts at DA Davidson dropped their FY2025 earnings estimates for shares of Appian in a report issued on Tuesday, April 15th. DA Davidson analyst G. Luria now anticipates that the company will post earnings per share of ($0.27) for the year, down from their prior forecast of ($0.25). DA Davidson currently has a "Neutral" rating and a $28.00 target price on the stock. The consensus estimate for Appian's current full-year earnings is ($0.28) per share.

A number of other equities research analysts also recently commented on the stock. Barclays dropped their price objective on shares of Appian from $37.00 to $28.00 and set an "underweight" rating on the stock in a research report on Monday. KeyCorp restated a "sector weight" rating on shares of Appian in a research note on Tuesday, January 14th. Morgan Stanley lowered their price objective on shares of Appian from $35.00 to $27.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. Finally, Scotiabank started coverage on Appian in a report on Monday, January 6th. They issued a "sector perform" rating and a $37.00 price target for the company. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat, Appian currently has a consensus rating of "Hold" and an average price target of $33.67.

Appian Stock Performance

Shares of NASDAQ:APPN traded up $0.96 during trading on Thursday, hitting $26.79. The company's stock had a trading volume of 254,045 shares, compared to its average volume of 547,578. The business has a 50 day moving average price of $30.03 and a two-hundred day moving average price of $33.43. The company has a market capitalization of $1.98 billion, a PE ratio of -21.25 and a beta of 1.78. Appian has a fifty-two week low of $24.00 and a fifty-two week high of $43.33.

Appian (NASDAQ:APPN - Get Free Report) last announced its earnings results on Wednesday, February 19th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.11). The firm had revenue of $166.70 million during the quarter, compared to analysts' expectations of $164.31 million. Appian had a negative net margin of 14.95% and a negative return on equity of 532.05%. The firm's revenue for the quarter was up 14.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.06 EPS.

Insider Activity

In other Appian news, Director Albert G.W. Biddle III sold 990 shares of Appian stock in a transaction on Monday, February 24th. The shares were sold at an average price of $33.21, for a total value of $32,877.90. Following the completion of the transaction, the director now owns 29,348 shares of the company's stock, valued at $974,647.08. The trade was a 3.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, major shareholder Abdiel Capital Advisors, Lp sold 57,975 shares of Appian stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $29.52, for a total value of $1,711,422.00. Following the completion of the transaction, the insider now owns 10,121,563 shares of the company's stock, valued at approximately $298,788,539.76. The trade was a 0.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 240,510 shares of company stock valued at $6,648,635 in the last three months. Corporate insiders own 44.00% of the company's stock.

Hedge Funds Weigh In On Appian

Hedge funds and other institutional investors have recently made changes to their positions in the business. Point72 Hong Kong Ltd bought a new position in Appian during the fourth quarter valued at about $35,000. Canada Pension Plan Investment Board raised its holdings in shares of Appian by 27.8% during the fourth quarter. Canada Pension Plan Investment Board now owns 2,300 shares of the company's stock worth $76,000 after acquiring an additional 500 shares in the last quarter. Russell Investments Group Ltd. raised its position in Appian by 1,244.8% during the fourth quarter. Russell Investments Group Ltd. now owns 3,779 shares of the company's stock valued at $125,000 after acquiring an additional 3,498 shares in the last quarter. KLP Kapitalforvaltning AS bought a new stake in Appian in the fourth quarter worth $181,000. Finally, FMR LLC raised its stake in shares of Appian by 199.4% in the 3rd quarter. FMR LLC now owns 5,935 shares of the company's stock valued at $203,000 after acquiring an additional 3,953 shares in the last quarter. 52.70% of the stock is currently owned by institutional investors and hedge funds.

Appian Company Profile

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.