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.

Analysts Set New Price Targets

Several equities research analysts have commented on APPN shares. The Goldman Sachs Group assumed coverage on Appian in a research note on Wednesday, April 27th. They issued a "buy" rating and a $70.00 target price on the stock. Berenberg Bank initiated coverage on shares of Appian in a report on Friday, June 10th. They issued a "buy" rating and a $63.00 price target on the stock. Finally, Barclays lowered their price target on shares of Appian from $47.00 to $42.00 and set an "underweight" rating for the company in a research note 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 stock. According to data from MarketBeat.com, Appian has a consensus rating of "Moderate Buy" and a consensus target price of $78.33.

Appian Stock Performance

APPN Stock traded up $0.92 during trading on Friday, hitting $54.12. The stock had a trading volume of 201,859 shares, compared to its average volume of 311,303. Appian has a 1-year low of $38.78 and a 1-year high of $115.68. The stock has a market cap of $3.92 billion, a price-to-earnings ratio of -31.46 and a beta of 1.60. The company's 50 day moving average price is $49.40 and its two-hundred day moving average price is $52.49.

Appian (NASDAQ:APPN - Get Rating) last released its earnings results on Thursday, August 4th. The company reported ($0.24) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.40) by $0.16. Appian had a negative return on equity of 39.51% and a negative net margin of 29.34%. The firm had revenue of $110.06 million for the quarter, compared to analyst estimates of $103.97 million. During the same period in the previous year, the company earned ($0.31) earnings per share. Appian's revenue was up 32.6% compared to the same quarter last year. As a group, sell-side analysts forecast that Appian will post -1.35 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Mark Steven Lynch sold 8,870 shares of the business's 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 completion of the transaction, 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 available through this link. In related news, major shareholder Abdiel Capital Management, Llc bought 100,000 shares of the firm's stock in a transaction on Tuesday, June 21st. The stock was acquired at an average cost 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 in the company, valued at $366,070,432.68. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, Director Mark Steven Lynch sold 8,870 shares of the business's stock in a transaction that occurred on Thursday, August 11th. The stock was 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 $1,469,118.07. The disclosure for this sale can be found here. In the last three months, insiders acquired 358,568 shares of company stock valued at $16,311,594. 43.90% of the stock is owned by corporate insiders.