Insider Selling: Appian (NASDAQ:APPN) CEO Sells $1,559,400.00 in Stock

Appian Corporation (NASDAQ:APPN) CEO Matthew Calkins sold 30,000 shares of the firm’s stock in a transaction that occurred on Friday, November 6th. The stock was sold at an average price of $51.98, for a total transaction of $1,559,400.00. Following the completion of the sale, the chief executive officer owned 1,554,144 shares in the company, valued at $80,784,405.12. This represents a 1.89% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Appian Trading Down 0.9%

NASDAQ:APPN traded down $0.45 during trading hours on Monday, reaching $51.15. The company had a trading volume of 1,461,455 shares, compared to its average volume of 970,595. Appian Corporation has a 52 week low of $18.63 and a 52 week high of $56.38. The firm has a market cap of $3.66 billion, a price-to-earnings ratio of -639.38 and a beta of 0.83. The firm’s 50 day moving average price is $41.54 and its 200-day moving average price is $29.54.

Appian (NASDAQ:APPN) last released its quarterly earnings results on Thursday, November 5th. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.18. Appian had a negative return on equity of 47.34% and a negative net margin of 0.72%. The business had revenue of $234.63 million during the quarter, compared to the consensus estimate of $216.94 million. During the same period in the previous year, the company posted $0.32 EPS. The business’s quarterly revenue was up 25.5% compared to the same quarter last year. Appian has set its FY 2026 guidance at 1.200-1.240 EPS and its Q4 2026 guidance at 0.300-0.340 EPS. On average, analysts forecast that Appian Corporation will post 0.46 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Appian

A number of hedge funds have recently made changes to their positions in APPN. RPD Fund Management LLC purchased a new position in Appian during the first quarter valued at $94,496,000. Lead Edge Capital Management LLC lifted its stake in Appian by 18.5% in the 1st quarter. Lead Edge Capital Management LLC now owns 1,905,634 shares of the company’s stock worth $45,945,000 after purchasing an additional 296,845 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in Appian by 16.5% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,519,653 shares of the company’s stock worth $36,639,000 after purchasing an additional 215,183 shares in the last quarter. First Trust Advisors LP lifted its stake in Appian by 16.9% in the 1st quarter. First Trust Advisors LP now owns 1,355,961 shares of the company’s stock worth $32,692,000 after purchasing an additional 196,021 shares in the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of Appian during the 2nd quarter valued at about $1,407,000. Institutional investors own 52.70% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on APPN shares. Morgan Stanley boosted their price target on Appian from $25.00 to $32.00 and gave the company an “equal weight” rating in a report on Friday, August 7th. Citigroup raised their price objective on Appian from $40.00 to $69.00 and gave the stock a “buy” rating in a research note on Friday. Weiss Ratings raised Appian from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, September 3rd. Zacks Research downgraded Appian from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 6th. Finally, Wall Street Zen downgraded Appian from a “strong-buy” rating to a “buy” rating in a research note on Saturday, October 17th. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Appian presently has an average rating of “Hold” and a consensus target price of $44.33.

Appian Company Profile

Appian Corporation develops a low-code platform that helps organizations build and manage business applications and automate complex processes. Its offerings combine application development tools with capabilities for workflow automation, case management, robotic process automation, and process mining.

Founded in 1999 by Matt Calkins, Appian serves businesses and government organizations in a range of industries, including financial services, insurance, healthcare, life sciences, and the public sector.