Appian Corporation (NASDAQ:APPN – Get Free Report) has been given an average rating of “Hold” by the seven research firms that are covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, three have given a hold recommendation, one has issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $31.00.
A number of analysts have weighed in on APPN shares. Citigroup increased their price target on shares of Appian from $37.00 to $40.00 and gave the company a “buy” rating in a report on Friday, August 7th. Morgan Stanley increased their target price on shares of Appian from $25.00 to $32.00 and gave the company an “equal weight” rating in a research note on Friday, August 7th. Barclays lifted their target price on Appian from $21.00 to $23.00 and gave the stock an “underweight” rating in a research report on Friday, May 8th. UBS Group set a $25.00 price target on Appian in a research note on Thursday, April 30th. Finally, TD Cowen cut their price target on Appian from $27.00 to $24.00 and set a “hold” rating for the company in a report on Friday, May 15th.
Read Our Latest Stock Report on APPN
Appian Stock Up 7.7%
Appian (NASDAQ:APPN – Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.13 earnings per share for the quarter. The company had revenue of $203.26 million during 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%.Appian’s quarterly 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. Sell-side analysts expect that Appian will post 0.45 earnings per share for the current fiscal year.
Insider Activity
In other news, CEO Matthew W. 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 transaction of $1,236,000.00. Following the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 42.81% of the company’s stock.
Hedge Funds Weigh In On Appian
Hedge funds and other institutional investors have recently made changes to their positions in the business. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Appian in the second quarter worth about $1,407,000. California State Teachers Retirement System boosted its stake in shares of Appian by 2,204.5% in the 2nd quarter. California State Teachers Retirement System now owns 838,071 shares of the company’s stock valued at $19,192,000 after purchasing an additional 801,704 shares in the last quarter. AXQ Capital LP boosted its stake in shares of Appian by 43.5% in the 2nd quarter. AXQ Capital LP now owns 15,715 shares of the company’s stock valued at $360,000 after purchasing an additional 4,761 shares in the last quarter. Globeflex Capital L P bought a new stake in shares of Appian in the 2nd quarter worth about $69,000. Finally, Evanson Financial LLC acquired a new stake in shares of Appian during the 2nd quarter worth about $296,000. 52.70% of the stock is owned by institutional investors.
Appian Company Profile
Appian Corporation is a global technology company specializing in low-code automation platforms designed to streamline business processes. Founded in 1999 by Matt Calkins, the company provides an integrated suite of tools that enables organizations to build enterprise applications and workflows rapidly with minimal hand coding. The platform combines process management, robotic process automation (RPA), artificial intelligence (AI) capabilities and data integration into a single environment, allowing businesses to accelerate digital transformation initiatives.
The core offering, the Appian Low-Code Platform, empowers users—ranging from professional developers to business analysts—to visually model, design and deploy applications that can automate complex operations, orchestrate tasks across systems, and deliver real-time analytics.
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