Appian (NASDAQ:APPN) Sets New 52-Week High – Time to Buy?

Appian Corporation (NASDAQ:APPN) reached a new 52-week high during trading on Wednesday. The stock traded as high as $46.72 and last traded at $46.7360, with a volume of 153,938 shares changing hands. The stock had previously closed at $44.51.

Analyst Ratings Changes

APPN has been the topic of a number of research reports. Barclays upped their target price on Appian from $26.00 to $30.00 and gave the stock an “underweight” rating in a research report on Tuesday, October 13th. Weiss Ratings raised shares of Appian from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, September 3rd. Wall Street Zen downgraded shares of Appian from a “strong-buy” rating to a “buy” rating in a research report on Saturday, October 17th. Citigroup boosted their price target on shares of Appian from $37.00 to $40.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Finally, Morgan Stanley upped their price objective on shares of Appian from $25.00 to $32.00 and gave the stock an “equal weight” rating in a report on Friday, August 7th. One equities 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 stock. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and a consensus target price of $32.17.

Appian Price Performance

The stock has a fifty day moving average price of $38.71 and a two-hundred day moving average price of $29.13. The company has a market cap of $3.66 billion, a P/E ratio of 162.43 and a beta of 0.92.

Appian (NASDAQ:APPN) last announced its earnings results on Thursday, August 6th. The company reported $0.13 earnings per share (EPS) for the quarter. The company had revenue of $203.26 million for the quarter, compared to analysts’ expectations 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 was up 19.1% on a year-over-year basis. Appian has set its FY 2026 guidance at 1.040-1.120 EPS and its Q3 2026 guidance at 0.310-0.350 EPS. Equities analysts predict that Appian Corporation will post 0.46 earnings per share for the current fiscal year.

Insider Buying and Selling at Appian

In related news, CEO Matthew Calkins sold 45,000 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer directly owned 1,584,144 shares of the company’s stock, valued at $59,405,400. This trade represents a 2.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 42.81% of the stock is owned by insiders.

Hedge Funds Weigh In On Appian

Hedge funds have recently modified their holdings of the company. IFP Advisors Inc boosted its stake in shares of Appian by 35.5% in the 2nd 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 purchased a new stake in shares of Appian during the first quarter valued at approximately $31,000. Sterling Capital Management LLC lifted its holdings in Appian by 820.0% during the third quarter. Sterling Capital Management LLC now owns 1,288 shares of the company’s stock worth $45,000 after acquiring an additional 1,148 shares during the period. State of Alaska Department of Revenue bought a new stake in shares of Appian during the 3rd quarter worth $73,000. Finally, Allworth Financial LP raised its position in Appian by 15.0% in the second quarter. Allworth Financial LP now owns 2,678 shares of the company’s stock worth $61,000 after acquiring an additional 350 shares during the period. Institutional investors own 52.70% of the company’s stock.

About Appian

Appian Corporation (NASDAQ: APPN) develops and provides a low-code platform designed to help organizations build, manage and automate business applications and processes. Its platform combines process orchestration, workflow automation, artificial intelligence, robotic process automation, case management and data management capabilities in a unified environment.

Appian’s software is used to improve operational efficiency, connect data and systems, and support applications such as customer service, compliance, supply chain management and government services.