Appian Corporation (NASDAQ:APPN – Get Free Report)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $37.92, but opened at $36.50. Appian shares last traded at $37.3650, with a volume of 23,847 shares changing hands.
Analyst Ratings Changes
APPN has been the topic of several research analyst reports. Wall Street Zen raised shares of Appian from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 12th. Weiss Ratings upgraded shares of Appian from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, September 3rd. Morgan Stanley upped their price objective on Appian from $25.00 to $32.00 and gave the stock an “equal weight” rating in a report on Friday, August 7th. Zacks Research upgraded Appian from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 7th. Finally, 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. One 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 issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $31.00.
Check Out Our Latest Stock Report on APPN
Appian Stock Performance
Appian (NASDAQ:APPN – Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.13 earnings per share (EPS) for the quarter. Appian had a negative return on equity of 35.20% and a negative net margin of 1.34%.The company had revenue of $203.26 million during the quarter, compared to the consensus estimate of $193.38 million. The firm’s revenue for the quarter 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, sell-side analysts anticipate that Appian Corporation will post 0.45 earnings per share for the current fiscal year.
Insider Activity
In other news, CEO Matthew Calkins sold 45,000 shares of the stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $35.19, for a total value of $1,583,550.00. Following the completion of the sale, the chief executive officer owned 1,629,144 shares of the company’s stock, valued at approximately $57,329,577.36. This represents a 2.69% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 42.81% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On Appian
A number of large investors have recently added to or reduced their stakes in APPN. IFP Advisors Inc boosted its stake in shares of Appian by 35.5% in the second quarter. IFP Advisors Inc now owns 1,108 shares of the company’s stock valued at $25,000 after buying an additional 290 shares during the period. KBC Group NV bought a new position in Appian during the 1st quarter worth $31,000. Allworth Financial LP raised its holdings in Appian by 15.0% in the 2nd quarter. Allworth Financial LP now owns 2,678 shares of the company’s stock valued at $61,000 after acquiring an additional 350 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new position in Appian in the 2nd quarter valued at $63,000. Finally, Globeflex Capital L P bought a new stake in shares of Appian during the 2nd quarter valued at $69,000. Institutional investors own 52.70% of the company’s stock.
Appian Company Profile
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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