Appian (NASDAQ:APPN) CEO Matthew Calkins Sells 45,000 Shares of Stock

Appian Corporation (NASDAQ:APPN) CEO Matthew Calkins sold 45,000 shares of the business’s stock in a transaction dated Wednesday, October 7th. The shares were sold at an average price of $37.50, for a total value of $1,687,500.00. Following the sale, the chief executive officer directly owned 1,584,144 shares of the company’s stock, valued at $59,405,400. This represents a 2.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Appian Stock Up 2.4%

Shares of APPN opened at $38.66 on Friday. The business has a 50-day simple moving average of $36.58 and a two-hundred day simple moving average of $27.83. The stock has a market cap of $2.77 billion, a price-to-earnings ratio of -257.72 and a beta of 0.92. Appian Corporation 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. Appian had a negative return on equity of 35.20% and a negative net margin of 1.34%.The firm had revenue of $203.26 million for the quarter, compared to analysts’ expectations of $193.38 million. The firm’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. On average, equities analysts anticipate that Appian Corporation will post 0.45 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

APPN has been the subject of a number of recent analyst reports. DA Davidson upped their price objective on Appian from $34.00 to $42.00 and gave the stock a “neutral” rating in a research note on Friday, August 14th. Citigroup lifted their target price on Appian from $37.00 to $40.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Zacks Research cut Appian from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Weiss Ratings raised Appian from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, September 3rd. Finally, Morgan Stanley upped their price target on Appian from $25.00 to $32.00 and gave the stock an “equal weight” rating in a research note on Friday, August 7th. One research 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. According to data from MarketBeat, Appian presently has a consensus rating of “Reduce” and an average price target of $31.00.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. RPD Fund Management LLC purchased a new position in shares of Appian during the first quarter valued at about $94,496,000. Lead Edge Capital Management LLC lifted its position in shares of Appian by 18.5% in the first quarter. Lead Edge Capital Management LLC now owns 1,905,634 shares of the company’s stock worth $45,945,000 after buying an additional 296,845 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in Appian by 16.5% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,519,653 shares of the company’s stock valued at $36,639,000 after buying an additional 215,183 shares during the last quarter. First Trust Advisors LP boosted its stake in Appian by 16.9% during the first quarter. First Trust Advisors LP now owns 1,355,961 shares of the company’s stock valued at $32,692,000 after buying an additional 196,021 shares during the last quarter. Finally, Cinctive Capital Management LP grew its holdings in Appian by 59.0% during the 4th quarter. Cinctive Capital Management LP now owns 295,603 shares of the company’s stock valued at $10,470,000 after buying an additional 109,682 shares in the last quarter. Institutional investors own 52.70% of the company’s stock.

Appian Company Profile

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.