Appian - APPN Stock Forecast, Price & News

Appian Corporation provides low-code automation platform in the United States and internationally. The company's platform automates the creation of forms, workflows, data structures, reports, user interfaces, and other software elements that are needed to be manually coded. The company also offers professional and customer support services. It serves to financial services, government, life sciences, insurance, manufacturing, energy, healthcare, telecommunications, and transportation industries. The company was incorporated in 1999 and is headquartered in McLean, Virginia.

Appian Stock Down 1.7 %

APPN Stock traded down $0.96 during trading on Friday, reaching $54.46. The stock had a trading volume of 387,758 shares, compared to its average volume of 304,363. The company has a market capitalization of $3.94 billion, a price-to-earnings ratio of -31.66 and a beta of 1.60. The company's 50 day moving average is $48.94 and its two-hundred day moving average is $52.42. Appian has a one year low of $38.78 and a one year high of $115.68.

Appian (NASDAQ:APPN - Get Rating) last announced its quarterly earnings data on Thursday, August 4th. The company reported ($0.24) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.40) by $0.16. The firm had revenue of $110.06 million during the quarter, compared to the consensus estimate of $103.97 million. Appian had a negative return on equity of 37.92% and a negative net margin of 29.34%. The business's revenue for the quarter was up 32.6% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.31) EPS. As a group, research analysts predict that Appian will post -1.07 earnings per share for the current fiscal year.

Analysts Set New Price Targets

APPN has been the subject of several recent research reports. Berenberg Bank initiated coverage on shares of Appian in a research report on Friday, June 10th. They issued a "buy" rating and a $63.00 price target for the company. The Goldman Sachs Group started coverage on shares of Appian in a research report on Wednesday, April 27th. They set a "buy" rating and a $70.00 price objective for the company. Finally, Barclays decreased their price objective on shares of Appian from $47.00 to $42.00 and set an "underweight" rating for the company in a research report on Tuesday, April 19th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $78.33.

Insider Buying and Selling at Appian

In other Appian news, CFO Mark Matheos sold 4,981 shares of the company's stock in a transaction on Tuesday, May 10th. The stock was sold at an average price of $57.13, for a total value of $284,564.53. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, major shareholder Abdiel Capital Management, Llc purchased 100,000 shares of the business's stock in a transaction dated Tuesday, June 21st. The stock was bought at an average price of $43.98 per share, for a total transaction of $4,398,000.00. Following the purchase, the insider now owns 8,323,566 shares of the company's stock, valued at $366,070,432.68. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Mark Matheos sold 4,981 shares of the stock in a transaction on Tuesday, May 10th. The stock was sold at an average price of $57.13, for a total value of $284,564.53. The disclosure for this sale can be found here. In the last quarter, insiders acquired 417,030 shares of company stock worth $18,924,261 and sold 16,082 shares worth $908,684. Corporate insiders own 43.90% of the company's stock.