Appian (NASDAQ:APPN) CEO Sells $1,583,550.00 in Stock

Key Points

• Appian CEO Matthew Calkins sold 45,000 shares at an average price of $35.19, generating $1.58 million. The Rule 10b5-1 transaction reduced his holdings by 2.69%, leaving him with 1.63 million shares.
• Appian reported quarterly revenue of $203.26 million, up 19.1% year over year and above analyst expectations, while posting earnings of $0.13 per share.
• Analysts have a consensus “Hold” rating and a $31 price target, compared with the stock’s recent price of $34.07; institutional investors own 52.7% of the company.

Appian Corporation (NASDAQ:APPN - Get Free Report) CEO Matthew Calkins sold 45,000 shares of the stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $35.19, for a total transaction of $1,583,550.00. Following the transaction, the chief executive officer owned 1,629,144 shares in the company, valued at approximately $57,329,577.36. This trade represents a 2.69% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Appian Price Performance

Shares of APPN stock traded down $0.17 on Thursday, hitting $34.07. The company's stock had a trading volume of 690,327 shares, compared to its average volume of 963,962. Appian Corporation has a fifty-two week low of $18.63 and a fifty-two week high of $46.06. The firm's fifty day moving average price is $31.62 and its 200-day moving average price is $26.19. The stock has a market capitalization of $2.44 billion, a price-to-earnings ratio of -227.12 and a beta of 0.94.

Appian (NASDAQ:APPN - Get Free Report) last posted its earnings results on Thursday, August 6th. The company reported $0.13 EPS for the quarter. Appian had a negative net margin of 1.34% and a negative return on equity of 35.20%. The firm had revenue of $203.26 million for the quarter, compared to the consensus estimate of $193.38 million. Appian's 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. Analysts predict that Appian Corporation will post 0.45 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

APPN has been the subject of several analyst reports. Zacks Research upgraded Appian from a "hold" rating to a "strong-buy" rating in a report on Friday, August 7th. DA Davidson lifted their price target on shares of Appian from $34.00 to $42.00 and gave the company a "neutral" rating in a research report on Friday, August 14th. Weiss Ratings raised shares of Appian from a "sell (e+)" rating to a "sell (d-)" rating in a research report on Thursday, September 3rd. Morgan Stanley boosted their price objective on shares of Appian from $25.00 to $32.00 and gave the stock an "equal weight" rating in a research note on Friday, August 7th. Finally, TD Cowen lowered their target price on shares of Appian from $27.00 to $24.00 and set a "hold" rating on the stock in a research note on Friday, May 15th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Appian has a consensus rating of "Hold" and a consensus price target of $31.00.

Institutional Trading of Appian

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in APPN. IFP Advisors Inc grew its position in Appian by 35.5% in the 2nd quarter. IFP Advisors Inc now owns 1,108 shares of the company's stock worth $25,000 after purchasing an additional 290 shares during the last quarter. Aster Capital Management DIFC Ltd acquired a new position in shares of Appian during the fourth quarter valued at about $30,000. Northwestern Mutual Wealth Management Co. raised its position in shares of Appian by 693.4% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 968 shares of the company's stock valued at $30,000 after buying an additional 846 shares during the last quarter. KBC Group NV bought a new stake in shares of Appian in the first quarter valued at about $31,000. Finally, Kestra Advisory Services LLC acquired a new stake in Appian during the fourth quarter worth about $34,000. Institutional investors and hedge funds own 52.70% of the company's stock.

Appian Company Profile

Appian Corporation is a global technology company specializing in low-code automation platforms designed to streamline business processes. Founded in 1999 by Matt Calkins, the company provides an integrated suite of tools that enables organizations to build enterprise applications and workflows rapidly with minimal hand coding. The platform combines process management, robotic process automation (RPA), artificial intelligence (AI) capabilities and data integration into a single environment, allowing businesses to accelerate digital transformation initiatives.

The core offering, the Appian Low-Code Platform, empowers users—ranging from professional developers to business analysts—to visually model, design and deploy applications that can automate complex operations, orchestrate tasks across systems, and deliver real-time analytics.

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