Appian (NASDAQ:APPN) Cut to Buy at Wall Street Zen

Wall Street Zen cut shares of Appian (NASDAQ:APPN) from a strong-buy rating to a buy rating in a research report released on Saturday morning,Wall Street Zen reports.

Several other research firms also recently issued reports on APPN. Morgan Stanley upped their price objective on Appian from $25.00 to $32.00 and gave the stock an “equal weight” rating in a report on Friday, August 7th. Weiss Ratings raised Appian from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, September 3rd. Zacks Research downgraded Appian from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 6th. Barclays upped their price target on Appian from $26.00 to $30.00 and gave the company an “underweight” rating in a research note on Tuesday, October 13th. Finally, DA Davidson upped their price target on Appian from $34.00 to $42.00 and gave the company a “neutral” rating in a research note on Friday, August 14th. One investment analyst has rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce” and an average price target of $32.17.

Appian Trading Up 2.7%

Shares of APPN opened at $42.28 on Friday. Appian has a 1 year low of $18.63 and a 1 year high of $46.06. The stock has a 50 day simple moving average of $37.97 and a 200-day simple moving average of $28.63. The stock has a market cap of $3.03 billion, a PE ratio of 137.23 and a beta of 0.92.

Appian (NASDAQ:APPN) last posted its earnings results on Thursday, August 6th. The company reported $0.13 EPS for the quarter. The business had revenue of $203.26 million during the quarter, compared to the consensus estimate 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 revenue for the quarter 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, sell-side analysts forecast that Appian will post 0.45 EPS for the current fiscal year.

Insider Buying and Selling

In other Appian news, CEO Matthew Calkins sold 45,000 shares of the company’s stock in a transaction on Wednesday, October 7th. The shares were sold at an average price of $37.50, for a total transaction of $1,687,500.00. Following the completion of the sale, the chief executive officer owned 1,584,144 shares in the company, valued at approximately $59,405,400. The trade was a 2.76% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 42.81% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. IFP Advisors Inc boosted its holdings in Appian by 35.5% during the second quarter. IFP Advisors Inc now owns 1,108 shares of the company’s stock worth $25,000 after buying an additional 290 shares during the last quarter. KBC Group NV acquired a new position in shares of Appian during the 1st quarter worth about $31,000. Allworth Financial LP grew its position in shares of Appian by 15.0% during the 2nd quarter. Allworth Financial LP now owns 2,678 shares of the company’s stock worth $61,000 after buying an additional 350 shares during the period. Integrated Wealth Concepts LLC bought a new stake in shares of Appian in the 2nd quarter valued at about $63,000. Finally, Globeflex Capital L P bought a new stake in shares of Appian in the 2nd quarter valued at about $69,000. Institutional investors and hedge funds own 52.70% of the company’s stock.

About Appian

Appian Corporation develops a low-code platform designed to help organizations build, manage and automate business applications and workflows. Its platform combines process orchestration, data management, artificial intelligence, robotic process automation and case management capabilities, enabling businesses to connect information from multiple systems and coordinate complex operational processes.

Appian provides cloud-based and self-managed deployment options, along with consulting, implementation, training and support services.