Appian (NASDAQ:APPN) Stock: Insider Matthew Calkins Sells 45,000 Shares

Key Points

• CEO Matthew Calkins sold 45,000 Appian shares at an average price of $37.50, totaling $1.69 million. The transaction was conducted under a pre-arranged Rule 10b5-1 plan and reduced his holdings by 2.76%.
• Appian shares rose 2.4% to $38.66, while the company reported quarterly revenue of $203.26 million, up 19.1% year over year and above analyst estimates.
• Analyst sentiment remains cautious, with a consensus rating of “Reduce” and an average price target of $31, below the current share price; institutional investors own 52.7% of the company.

Appian Corporation (NASDAQ:APPN - Get Free Report) CEO Matthew Calkins sold 45,000 shares of the company's stock in a transaction dated Wednesday, October 7th. The stock was sold at an average price of $37.50, for a total value of $1,687,500.00. Following the completion of the transaction, the chief executive officer directly owned 1,584,144 shares of the company's stock, valued at approximately $59,405,400. This trade represents a 2.76% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Appian Trading Up 2.4%

APPN traded up $0.90 on Thursday, hitting $38.66. 1,015,671 shares of the company's stock traded hands, compared to its average volume of 953,988. The company's 50 day simple moving average is $36.33 and its 200-day simple moving average is $27.73. Appian Corporation has a one year low of $18.63 and a one year high of $46.06. The firm has a market cap of $2.77 billion, a price-to-earnings ratio of -257.72 and a beta of 0.92.

Appian (NASDAQ:APPN - Get Free Report) last released 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. The company's revenue for the quarter 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. As a group, equities analysts anticipate that Appian Corporation will post 0.45 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on APPN. DA Davidson lifted their target price on Appian from $34.00 to $42.00 and gave the stock a "neutral" rating in a report on Friday, August 14th. Citigroup raised their price target on Appian from $37.00 to $40.00 and gave the company a "buy" rating in a report on Friday, August 7th. Morgan Stanley upped their price objective on Appian from $25.00 to $32.00 and gave the stock an "equal weight" rating in a report on Friday, August 7th. Wall Street Zen upgraded Appian from a "buy" rating to a "strong-buy" rating in a research report on Saturday, September 12th. Finally, Zacks Research lowered shares of Appian from a "strong-buy" rating to a "hold" rating in a report on Tuesday. One research analyst has rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Reduce" and an average price target of $31.00.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. IFP Advisors Inc lifted its stake in shares of 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 last quarter. KBC Group NV bought a new position in Appian during the first quarter valued at $31,000. Allworth Financial LP raised its stake in shares of Appian by 15.0% in the second 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. Integrated Wealth Concepts LLC purchased a new position in shares of Appian during the 2nd quarter worth about $63,000. Finally, Globeflex Capital L P purchased a new stake in Appian in the 2nd quarter worth about $69,000. Hedge funds and other institutional investors own 52.70% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.