Appian Corporation (NASDAQ:APPN) Receives Consensus Recommendation of “Hold” from Analysts

Appian Corporation (NASDAQ:APPN) has earned an average rating of “Hold” from the seven brokerages that are currently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, three have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $31.00.

A number of research firms recently weighed in on APPN. Citigroup upped their target price on shares of Appian from $37.00 to $40.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. DA Davidson boosted their price target on shares of Appian from $34.00 to $42.00 and gave the stock a “neutral” rating in a report on Friday, August 14th. Wall Street Zen upgraded shares of Appian from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 12th. Weiss Ratings raised shares of Appian from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, September 3rd. Finally, Zacks Research upgraded shares of Appian from a “hold” rating to a “strong-buy” rating in a report on Friday, August 7th.

Insider Buying and Selling

In other Appian news, CEO Matthew Calkins sold 50,000 shares of the firm’s stock in a transaction on Tuesday, July 7th. The stock was sold at an average price of $24.72, for a total value of $1,236,000.00. Following the sale, the chief executive officer directly owned 1,719,144 shares in the company, valued at $42,497,239.68. This trade represents a 2.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 42.81% of the stock is owned by company insiders.

Institutional Trading of Appian

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in APPN. Integrated Wealth Concepts LLC acquired a new stake in Appian during the 2nd quarter worth $63,000. IFP Advisors Inc raised its holdings in shares of Appian by 35.5% in the second quarter. IFP Advisors Inc now owns 1,108 shares of the company’s stock valued at $25,000 after buying an additional 290 shares during the last quarter. Allworth Financial LP raised its holdings in shares of Appian by 15.0% in the second quarter. Allworth Financial LP now owns 2,678 shares of the company’s stock valued at $61,000 after buying an additional 350 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Appian during the second quarter worth about $1,407,000. Finally, AXQ Capital LP boosted its stake in shares of Appian by 43.5% during the second quarter. AXQ Capital LP now owns 15,715 shares of the company’s stock worth $360,000 after buying an additional 4,761 shares during the period. Institutional investors and hedge funds own 52.70% of the company’s stock.

Appian Stock Down 4.3%

NASDAQ:APPN opened at $36.01 on Tuesday. The company has a fifty day simple moving average of $34.49 and a two-hundred day simple moving average of $27.10. The company has a market cap of $2.58 billion, a price-to-earnings ratio of -240.05 and a beta of 0.94. Appian has a 52 week low of $18.63 and a 52 week high of $46.06.

Appian (NASDAQ:APPN) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.13 earnings per share for the quarter. The business had revenue of $203.26 million for the quarter, compared to analyst estimates of $193.38 million. Appian had a negative return on equity of 35.20% and a negative net margin of 1.34%.The business’s quarterly revenue was up 19.1% compared to the same quarter last year. Appian has set its FY 2026 guidance at 1.040-1.120 EPS and its Q3 2026 guidance at 0.310-0.350 EPS. On average, analysts expect that Appian will post 0.45 EPS for the current year.

About Appian

Appian Corporation develops enterprise software designed to help organizations build applications and automate business processes. Its low-code platform enables users to design, deploy and manage applications with limited traditional programming, supporting workflow automation, process orchestration, case management and business process improvement.

The Appian Platform combines application development tools with data management, artificial intelligence, robotic process automation and process-mining capabilities.