Shares of Appian Corporation (NASDAQ:APPN – Get Free Report) fell 6% during mid-day trading on Tuesday . The company traded as low as $40.56 and last traded at $40.3750. 153,580 shares changed hands during trading, a decline of 84% from the average daily volume of 959,721 shares. The stock had previously closed at $42.95.
Analysts Set New Price Targets
A number of research firms have commented on APPN. Morgan Stanley raised their target price on shares of Appian from $25.00 to $32.00 and gave the stock an “equal weight” rating in a research note on Friday, August 7th. Zacks Research upgraded shares of Appian from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 7th. Weiss Ratings cut shares of Appian from a “sell (d+)” rating to a “sell (e+)” rating in a research note on Thursday, August 20th. Citigroup upped their target price on shares of Appian from $37.00 to $40.00 and gave the stock a “buy” rating in a report on Friday, August 7th. Finally, Barclays increased their price target on Appian from $21.00 to $23.00 and gave the stock an “underweight” rating in a research note on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Appian has an average rating of “Hold” and a consensus target price of $31.00.
Check Out Our Latest Research Report on Appian
Appian Stock Down 6.1%
Appian (NASDAQ:APPN – Get Free Report) last released its earnings results on Thursday, August 6th. The company reported $0.13 earnings per share for the quarter. The firm had revenue of $203.26 million for the quarter, compared to the consensus estimate 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 quarterly 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, 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 W. Calkins sold 50,000 shares of the firm’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 completion of the sale, the chief executive officer directly owned 1,719,144 shares of the company’s stock, valued at approximately $42,497,239.68. This trade represents a 2.83% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 42.81% of the company’s stock.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in the stock. Millennium Management LLC boosted its position in Appian by 18.9% in the 1st quarter. Millennium Management LLC now owns 302,720 shares of the company’s stock valued at $8,721,000 after buying an additional 48,014 shares during the period. Goldman Sachs Group Inc. increased its position in shares of Appian by 2.2% during the first quarter. Goldman Sachs Group Inc. now owns 385,731 shares of the company’s stock worth $11,113,000 after acquiring an additional 8,319 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Appian by 2.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 90,080 shares of the company’s stock valued at $2,595,000 after acquiring an additional 2,244 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Appian by 1.9% during the second quarter. JPMorgan Chase & Co. now owns 208,832 shares of the company’s stock valued at $6,236,000 after acquiring an additional 3,954 shares in the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of Appian by 34.7% in the second quarter. Invesco Ltd. now owns 32,343 shares of the company’s stock valued at $966,000 after purchasing an additional 8,329 shares during the period. 52.70% of the stock is currently 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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