Appian (NASDAQ:APPN) Downgraded by Zacks Research to Hold

Appian (NASDAQ:APPN) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report issued on Thursday,Zacks.com reports.

Other equities analysts have also recently issued reports about the stock. TD Cowen reduced their price objective on shares of Appian from $27.00 to $24.00 and set a “hold” rating for the company in a research report on Friday, May 15th. DA Davidson reduced their price objective on shares of Appian from $25.00 to $22.00 and set a “neutral” rating for the company in a research report on Friday, May 15th. Barclays lifted their price objective on shares of Appian from $21.00 to $23.00 and gave the stock an “underweight” rating in a research report on Friday, May 8th. Morgan Stanley reaffirmed an “equal weight” rating and set a $25.00 price objective (down from $41.00) on shares of Appian in a research report on Thursday, April 30th. Finally, Wall Street Zen cut shares of Appian from a “strong-buy” rating to a “buy” rating in a research report on Friday, January 23rd. One research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and an average price target of $26.00.

Appian Trading Up 1.1%

Shares of APPN opened at $21.37 on Thursday. The company’s fifty day simple moving average is $22.63 and its 200 day simple moving average is $29.38. Appian has a 1-year low of $18.63 and a 1-year high of $46.06. The company has a market cap of $1.57 billion, a price-to-earnings ratio of 2,139.14 and a beta of 0.88.

Appian (NASDAQ:APPN) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.08. Appian had a net margin of 0.12% and a negative return on equity of 26.12%. The firm had revenue of $202.18 million during the quarter, compared to analysts’ expectations of $191.57 million. During the same period in the previous year, the business posted $0.13 earnings per share. The company’s revenue for the quarter was up 21.5% compared to the same quarter last year. Appian has set its FY 2026 guidance at 0.940-1.050 EPS and its Q2 2026 guidance at -0.020-0.020 EPS. As a group, research analysts forecast that Appian will post 0.25 earnings per share for the current year.

Insider Buying and Selling

In other Appian news, CRO Mark Dorsey bought 5,227 shares of the stock in a transaction on Wednesday, May 13th. The stock was purchased at an average price of $19.13 per share, with a total value of $99,992.51. Following the completion of the purchase, the executive owned 13,993 shares in the company, valued at $267,686.09. The trade was a 59.63% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 43.00% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. EverSource Wealth Advisors LLC raised its stake in Appian by 282.5% during the third quarter. EverSource Wealth Advisors LLC now owns 811 shares of the company’s stock worth $25,000 after acquiring an additional 599 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new position in shares of Appian in the fourth quarter valued at approximately $30,000. Northwestern Mutual Wealth Management Co. increased its stake in shares of Appian by 693.4% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 968 shares of the company’s stock valued at $30,000 after buying an additional 846 shares during the period. KBC Group NV acquired a new position in shares of Appian in the first quarter valued at approximately $31,000. Finally, Kestra Advisory Services LLC acquired a new position in shares of Appian in the fourth quarter valued at approximately $34,000. Institutional investors and hedge funds own 52.70% of the company’s stock.

Appian Company Profile

Appian Corporation is a global technology company specializing in low-code automation platforms designed to streamline business processes. Founded in 1999 by Matt Calkins, the company provides an integrated suite of tools that enables organizations to build enterprise applications and workflows rapidly with minimal hand coding. The platform combines process management, robotic process automation (RPA), artificial intelligence (AI) capabilities and data integration into a single environment, allowing businesses to accelerate digital transformation initiatives.

The core offering, the Appian Low-Code Platform, empowers users—ranging from professional developers to business analysts—to visually model, design and deploy applications that can automate complex operations, orchestrate tasks across systems, and deliver real-time analytics.