Appian Corporation (NASDAQ:APPN) Stock Rated “Hold” by Wall Street Analysts

Shares of Appian Corporation (NASDAQ:APPN) have received an average recommendation of “Hold” from the seven research firms that are covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $31.00.

A number of research firms have recently issued reports on APPN. Morgan Stanley boosted their target price on Appian from $25.00 to $32.00 and gave the company an “equal weight” rating in a report on Friday, August 7th. Weiss Ratings upgraded shares of Appian from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, September 3rd. Wall Street Zen raised shares of Appian from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 12th. DA Davidson boosted their price target on shares of Appian from $34.00 to $42.00 and gave the stock a “neutral” rating in a research note on Friday, August 14th. Finally, Citigroup increased their price target on shares of Appian from $37.00 to $40.00 and gave the stock a “buy” rating in a report on Friday, August 7th.

Insider Buying and Selling

In related news, CEO Matthew Calkins sold 45,000 shares of the company’s 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 sale, the chief executive officer owned 1,629,144 shares in the company, valued at $57,329,577.36. This represents a 2.69% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 42.81% of the company’s stock.

Institutional Investors Weigh In On Appian

Large investors have recently bought and sold shares of the stock. RPD Fund Management LLC acquired a new position in Appian during the first quarter valued at approximately $94,496,000. Lead Edge Capital Management LLC increased its position in shares of Appian by 18.5% in the first quarter. Lead Edge Capital Management LLC now owns 1,905,634 shares of the company’s stock worth $45,945,000 after acquiring an additional 296,845 shares in the last quarter. Cinctive Capital Management LP raised its stake in shares of Appian by 59.0% in the 4th quarter. Cinctive Capital Management LP now owns 295,603 shares of the company’s stock valued at $10,470,000 after acquiring an additional 109,682 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of Appian in the 2nd quarter valued at $1,407,000. Finally, First Trust Advisors LP lifted its holdings in shares of Appian by 16.9% during the 1st quarter. First Trust Advisors LP now owns 1,355,961 shares of the company’s stock valued at $32,692,000 after acquiring an additional 196,021 shares in the last quarter. Institutional investors and hedge funds own 52.70% of the company’s stock.

Appian Stock Down 2.7%

Shares of Appian stock opened at $35.02 on Tuesday. Appian has a 52-week low of $18.63 and a 52-week high of $46.06. The company has a market capitalization of $2.51 billion, a P/E ratio of -233.45 and a beta of 0.94. The company has a 50 day moving average of $34.67 and a 200 day moving average of $27.17.

Appian (NASDAQ:APPN) last released its quarterly earnings data 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 business had revenue of $203.26 million during the quarter, compared to analysts’ expectations of $193.38 million. The firm’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. As a group, research analysts anticipate that Appian will post 0.45 earnings per share for the current fiscal year.

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.