Appian (APPN) Set to Announce Quarterly Earnings on Thursday

Appian (NASDAQ:APPN - Get Free Report) is scheduled to issue its quarterly earnings data before the market opens on Thursday, May 2nd. Analysts expect the company to announce earnings of ($0.15) per share for the quarter.

Appian (NASDAQ:APPN - Get Free Report) last posted its earnings results on Thursday, February 15th. The company reported ($0.07) EPS for the quarter, beating analysts' consensus estimates of ($0.40) by $0.33. Appian had a negative net margin of 20.43% and a negative return on equity of 127.40%. The company had revenue of $145.32 million during the quarter, compared to analysts' expectations of $140.41 million. On average, analysts expect Appian to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Appian Stock Down 1.3 %

NASDAQ:APPN traded down $0.46 during midday trading on Thursday, reaching $36.20. 512,207 shares of the stock traded hands, compared to its average volume of 493,379. Appian has a 12-month low of $30.87 and a 12-month high of $54.26. The business has a 50-day moving average of $36.64 and a two-hundred day moving average of $36.79. The company has a debt-to-equity ratio of 2.68, a quick ratio of 1.12 and a current ratio of 1.12. The stock has a market capitalization of $2.66 billion, a PE ratio of -23.33 and a beta of 1.46.

Analysts Set New Price Targets

A number of research firms have issued reports on APPN. KeyCorp raised their price target on shares of Appian from $45.00 to $50.00 and gave the stock an "overweight" rating in a report on Friday, February 16th. DA Davidson decreased their price target on shares of Appian from $55.00 to $52.00 and set a "buy" rating for the company in a report on Monday, March 4th. Barclays raised their price target on shares of Appian from $35.00 to $36.00 and gave the stock an "underweight" rating in a report on Monday, April 15th. Citigroup raised their price target on shares of Appian from $48.00 to $52.00 and gave the stock a "neutral" rating in a report on Friday, March 22nd. Finally, William Blair reaffirmed an "outperform" rating on shares of Appian in a report on Wednesday, March 20th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $48.86.

Insider Buying and Selling

In related news, major shareholder Abdiel Capital Advisors, Lp sold 400,000 shares of the firm's stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $32.44, for a total transaction of $12,976,000.00. Following the completion of the transaction, the insider now owns 5,890,304 shares of the company's stock, valued at $191,081,461.76. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 43.60% of the stock is currently owned by corporate 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.