What is DA Davidson's Forecast for Appian Q2 Earnings?

Appian Co. (NASDAQ:APPN - Free Report) - Equities researchers at DA Davidson issued their Q2 2025 earnings per share (EPS) estimates for shares of Appian in a research report issued on Friday, May 9th. DA Davidson analyst G. Luria expects that the company will post earnings of ($0.24) per share for the quarter. DA Davidson has a "Neutral" rating and a $35.00 price target on the stock. The consensus estimate for Appian's current full-year earnings is ($0.28) per share.

Several other analysts also recently weighed in on the company. Morgan Stanley boosted their price objective on Appian from $27.00 to $29.00 and gave the company an "equal weight" rating in a research report on Friday, May 9th. Citigroup boosted their price objective on Appian from $40.00 to $41.00 and gave the company a "buy" rating in a research report on Tuesday. Barclays boosted their price objective on Appian from $28.00 to $33.00 and gave the company an "underweight" rating in a research report on Friday, May 9th. Finally, Scotiabank lowered their price objective on Appian from $37.00 to $34.00 and set a "sector perform" rating for the company in a research report on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $36.29.

Appian Stock Performance

NASDAQ:APPN traded down $0.36 during mid-day trading on Monday, reaching $32.77. The stock had a trading volume of 157,959 shares, compared to its average volume of 555,004. Appian has a one year low of $24.00 and a one year high of $43.33. The firm has a 50 day moving average price of $29.51 and a two-hundred day moving average price of $33.34. The stock has a market capitalization of $2.43 billion, a P/E ratio of -26.02 and a beta of 1.83.

Appian (NASDAQ:APPN - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $0.13 earnings per share for the quarter, topping analysts' consensus estimates of $0.03 by $0.10. The company had revenue of $166.43 million during the quarter, compared to the consensus estimate of $163.27 million. Appian had a negative return on equity of 532.05% and a negative net margin of 14.95%. Appian's quarterly revenue was up 11.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.24) EPS.

Institutional Investors Weigh In On Appian

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in Appian by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 5,028,472 shares of the company's stock worth $165,839,000 after purchasing an additional 23,890 shares during the period. Lead Edge Capital Management LLC grew its stake in shares of Appian by 5.7% in the fourth quarter. Lead Edge Capital Management LLC now owns 1,528,085 shares of the company's stock worth $50,396,000 after acquiring an additional 83,000 shares during the last quarter. First Trust Advisors LP grew its stake in shares of Appian by 7.1% in the fourth quarter. First Trust Advisors LP now owns 1,263,405 shares of the company's stock worth $41,667,000 after acquiring an additional 83,708 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Appian by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 972,203 shares of the company's stock worth $32,071,000 after acquiring an additional 14,710 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. grew its stake in shares of Appian by 19.2% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 658,654 shares of the company's stock worth $21,722,000 after acquiring an additional 106,023 shares during the last quarter. 52.70% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Albert G.W. Biddle III sold 990 shares of the company's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $33.21, for a total value of $32,877.90. Following the sale, the director now directly owns 29,348 shares of the company's stock, valued at $974,647.08. This represents a 3.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Abdiel Capital Advisors, Lp sold 57,975 shares of the company's stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $29.52, for a total value of $1,711,422.00. Following the completion of the sale, the insider now directly owns 10,121,563 shares in the company, 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 sold 380,560 shares of company stock valued at $11,124,633 over the last quarter. 43.00% of the stock is owned by company insiders.

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.