Appian Corporation (NASDAQ:APPN) Receives Average Rating of “Reduce” from Brokerages

Appian Corporation (NASDAQ:APPN) has earned a consensus rating of “Reduce” from the seven research firms that are covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $26.00.

A number of equities research analysts have recently commented on the stock. Zacks Research cut shares of Appian from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 21st. DA Davidson dropped their target price on shares of Appian from $25.00 to $22.00 and set a “neutral” rating on the stock in a report on Friday, May 15th. Morgan Stanley restated an “equal weight” rating and issued a $25.00 target price (down from $41.00) on shares of Appian in a report on Thursday, April 30th. Weiss Ratings restated a “sell (d)” rating on shares of Appian in a report on Wednesday, May 20th. Finally, Citigroup dropped their target price on shares of Appian from $38.00 to $37.00 and set a “buy” rating on the stock in a report on Friday, May 8th.

Insider Transactions at Appian

In related news, CRO Mark Dorsey bought 5,227 shares of the company’s stock in a transaction that occurred on Wednesday, May 13th. The shares were bought at an average price of $19.13 per share, for a total transaction of $99,992.51. Following the completion of the acquisition, the executive owned 13,993 shares of the company’s stock, valued at $267,686.09. This trade represents a 59.63% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 43.00% of the company’s stock.

Institutional Investors Weigh In On Appian

Several institutional investors and hedge funds have recently added to or reduced their stakes in APPN. RPD Fund Management LLC purchased a new stake in Appian in the first quarter worth approximately $94,496,000. Wolf Hill Capital Management LP raised its position in Appian by 298.1% in the third quarter. Wolf Hill Capital Management LP now owns 995,210 shares of the company’s stock worth $30,424,000 after acquiring an additional 745,210 shares during the period. Vanguard Group Inc. raised its position in Appian by 13.0% in the third quarter. Vanguard Group Inc. now owns 5,935,948 shares of the company’s stock worth $181,462,000 after acquiring an additional 681,643 shares during the period. Arrowstreet Capital Limited Partnership raised its position in Appian by 86.9% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,291,124 shares of the company’s stock worth $39,470,000 after acquiring an additional 600,336 shares during the period. Finally, Bank of America Corp DE raised its position in Appian by 182.7% in the second quarter. Bank of America Corp DE now owns 237,421 shares of the company’s stock worth $7,089,000 after acquiring an additional 524,420 shares during the period. Hedge funds and other institutional investors own 52.70% of the company’s stock.

Appian Stock Up 1.6%

NASDAQ:APPN opened at $24.01 on Friday. The company’s 50 day moving average price is $22.35 and its 200-day moving average price is $27.74. Appian has a 52 week low of $18.63 and a 52 week high of $46.06. The stock has a market cap of $1.76 billion, a price-to-earnings ratio of 2,403.40 and a beta of 0.90.

Appian (NASDAQ:APPN) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.08. Appian had a net margin of 0.12% and a negative return on equity of 26.12%. The firm had revenue of $202.18 million for the quarter, compared to analysts’ expectations of $191.57 million. During the same quarter in the prior year, the company posted $0.13 earnings per share. The business’s revenue for the quarter was up 21.5% on a year-over-year basis. Appian has set its FY 2026 guidance at 0.940-1.050 EPS and its Q2 2026 guidance at -0.020-0.020 EPS. As a group, sell-side analysts anticipate that Appian will post 0.25 earnings per share for the current year.

About Appian

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.