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 Price Performance

NASDAQ:APPN opened at $53.16 on Wednesday. The stock has a market cap of $3.85 billion, a P/E ratio of -30.91 and a beta of 1.61. Appian has a one year low of $38.78 and a one year high of $115.68. The company has a fifty day moving average price of $49.50 and a 200 day moving average price of $52.55.

Appian (NASDAQ:APPN - Get Rating) last released its earnings results on Thursday, August 4th. The company reported ($0.24) EPS for the quarter, beating the consensus estimate of ($0.40) by $0.16. The firm had revenue of $110.06 million during the quarter, compared to analysts' expectations of $103.97 million. Appian had a negative net margin of 29.34% and a negative return on equity of 39.51%. The business's quarterly revenue was up 32.6% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.31) EPS. As a group, equities research analysts anticipate that Appian will post -1.35 EPS for the current year.

Analysts Set New Price Targets

APPN has been the subject of several recent analyst reports. Berenberg Bank initiated coverage on shares of Appian in a report on Friday, June 10th. They set a "buy" rating and a $63.00 price objective for the company. The Goldman Sachs Group initiated coverage on shares of Appian in a 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 report on Tuesday, April 19th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $78.33.

Insider Buying and Selling

In other Appian news, major shareholder Abdiel Capital Management, Llc bought 39,966 shares of Appian stock in a transaction dated Thursday, May 19th. The shares were bought at an average price of $49.16 per share, with a total value of $1,964,728.56. Following the purchase, the insider now owns 7,940,000 shares of the company's stock, valued at $390,330,400. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, Director Mark Steven Lynch sold 8,870 shares of the stock in a transaction that occurred on Thursday, August 11th. The shares were sold at an average price of $55.79, for a total value of $494,857.30. Following the sale, the director now directly owns 26,333 shares in the company, valued at approximately $1,469,118.07. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Abdiel Capital Management, Llc purchased 39,966 shares of the business's stock in a transaction that occurred on Thursday, May 19th. The stock was purchased at an average price of $49.16 per share, for a total transaction of $1,964,728.56. Following the completion of the transaction, the insider now directly owns 7,940,000 shares in the company, valued at $390,330,400. The disclosure for this purchase can be found here. Insiders bought 308,568 shares of company stock worth $13,728,094 in the last quarter. 43.90% of the stock is owned by corporate insiders.