Equities research analysts predict that Appian Corp (NASDAQ:APPN) will announce ($0.15) earnings per share (EPS) for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Appian’s earnings. Appian reported earnings of ($0.13) per share in the same quarter last year, which suggests a negative year over year growth rate of 15.4%. The business is expected to report its next earnings results on Thursday, November 7th.

On average, analysts expect that Appian will report full-year earnings of ($0.52) per share for the current year, with EPS estimates ranging from ($0.53) to ($0.52). For the next fiscal year, analysts anticipate that the business will post earnings of ($0.37) per share, with EPS estimates ranging from ($0.41) to ($0.33). Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that follow Appian.

Appian (NASDAQ:APPN) last released its earnings results on Thursday, August 8th. The company reported ($0.10) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.17) by $0.07. The firm had revenue of $66.90 million for the quarter, compared to analyst estimates of $63.44 million. Appian had a negative return on equity of 80.44% and a negative net margin of 23.12%. The company’s revenue was up 11.7% on a year-over-year basis. During the same quarter last year, the firm posted ($0.14) EPS.

APPN has been the topic of a number of research analyst reports. Morgan Stanley raised Appian from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $30.00 to $36.00 in a report on Thursday, May 23rd. They noted that the move was a valuation call. Zacks Investment Research raised Appian from a “sell” rating to a “hold” rating in a report on Wednesday, July 3rd. William Blair raised Appian from a “market perform” rating to an “outperform” rating and set a $35.10 target price on the stock in a report on Thursday, May 16th. SunTrust Banks raised their target price on Appian from $32.00 to $46.00 and gave the company a “hold” rating in a report on Friday, August 9th. Finally, Barclays set a $41.00 target price on Appian and gave the company a “hold” rating in a report on Friday, August 9th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. Appian has an average rating of “Hold” and a consensus target price of $36.87.

In other Appian news, Director Albert G.W. Biddle III sold 43,994 shares of Appian stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $36.03, for a total value of $1,585,103.82. Following the completion of the transaction, the director now owns 6,088 shares in the company, valued at approximately $219,350.64. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Prashanth Boccassam sold 3,000 shares of Appian stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $54.05, for a total value of $162,150.00. Following the completion of the transaction, the director now owns 6,573 shares of the company’s stock, valued at approximately $355,270.65. The disclosure for this sale can be found here. Insiders have sold a total of 162,829 shares of company stock valued at $6,315,098 in the last 90 days. 50.00% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. grew its position in Appian by 18.3% in the 4th quarter. BlackRock Inc. now owns 483,748 shares of the company’s stock valued at $12,921,000 after buying an additional 74,804 shares during the last quarter. Bank of New York Mellon Corp grew its position in Appian by 23.9% in the 4th quarter. Bank of New York Mellon Corp now owns 23,285 shares of the company’s stock valued at $622,000 after buying an additional 4,487 shares during the last quarter. Northern Trust Corp grew its position in Appian by 15.3% in the 4th quarter. Northern Trust Corp now owns 58,595 shares of the company’s stock valued at $1,565,000 after buying an additional 7,755 shares during the last quarter. Geode Capital Management LLC grew its position in Appian by 17.5% in the 4th quarter. Geode Capital Management LLC now owns 193,954 shares of the company’s stock valued at $5,180,000 after buying an additional 28,888 shares during the last quarter. Finally, Millennium Management LLC purchased a new position in Appian in the 4th quarter valued at $481,000. Hedge funds and other institutional investors own 30.26% of the company’s stock.

APPN traded up $3.41 during midday trading on Tuesday, reaching $59.54. The company’s stock had a trading volume of 1,252,400 shares, compared to its average volume of 814,289. The stock has a market cap of $3.64 billion, a P/E ratio of -74.43 and a beta of 1.40. The company has a fifty day simple moving average of $40.53 and a 200 day simple moving average of $36.24. The company has a current ratio of 1.32, a quick ratio of 1.44 and a debt-to-equity ratio of 0.04. Appian has a twelve month low of $22.61 and a twelve month high of $60.29.

Appian Company Profile

Appian Corporation provides low-code software development platform that enables organizations to develop various applications in the United States and internationally. The company's platform automates the creation of forms, data flows, records, reports, and other software elements that are needed to be manually coded or configured.

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