Shares of Appian Corporation (NASDAQ:APPN – Get Free Report) rose 5.7% on Monday . The company traded as high as $37.13 and last traded at $36.7390. Approximately 99,025 shares were traded during mid-day trading, a decline of 90% from the average session volume of 962,358 shares. The stock had previously closed at $34.76.
Analysts Set New Price Targets
A number of equities research analysts recently commented on the company. Wall Street Zen raised Appian from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Zacks Research upgraded Appian from a “hold” rating to a “strong-buy” rating in a report on Friday, August 7th. Weiss Ratings upgraded Appian from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, September 3rd. Citigroup boosted their target price on Appian from $37.00 to $40.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Finally, Morgan Stanley increased their price target on shares of Appian from $25.00 to $32.00 and gave the company an “equal weight” rating in a research report on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $31.00.
Check Out Our Latest Report on APPN
Appian Trading Down 1.0%
Appian (NASDAQ:APPN – Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.13 EPS for the quarter. Appian had a negative return on equity of 35.20% and a negative net margin of 1.34%.The business had revenue of $203.26 million for the quarter, compared to the consensus estimate of $193.38 million. The company’s 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. As a group, research analysts anticipate that Appian Corporation will post 0.45 EPS for the current year.
Insider Buying and Selling at Appian
In related news, CEO Matthew Calkins sold 50,000 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer directly owned 1,719,144 shares in the company, valued at approximately $42,497,239.68. The trade was a 2.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through 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 Inflows and Outflows
Institutional investors have recently bought and sold shares of the stock. Integrated Wealth Concepts LLC bought a new position in shares of Appian during the second quarter worth about $63,000. IFP Advisors Inc lifted its stake in Appian by 35.5% in the 2nd quarter. IFP Advisors Inc now owns 1,108 shares of the company’s stock valued at $25,000 after acquiring an additional 290 shares in the last quarter. Allworth Financial LP boosted its position in 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 acquiring an additional 350 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Appian during the 2nd quarter worth approximately $1,407,000. Finally, AXQ Capital LP grew its stake in shares of Appian by 43.5% during the 2nd quarter. AXQ Capital LP now owns 15,715 shares of the company’s stock worth $360,000 after acquiring an additional 4,761 shares in the last quarter. Institutional investors own 52.70% of the company’s stock.
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.
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