Appian Corporation (NASDAQ:APPN) Stock Has Consensus Price Target of $44.33 According to Brokerages

Shares of Appian Corporation (NASDAQ:APPN) have received a consensus recommendation of “Hold” from the eight brokerages that are presently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and two have given a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $44.33.

A number of research analysts have weighed in on APPN shares. DA Davidson increased their target price on Appian from $42.00 to $60.00 and gave the company a “neutral” rating in a report on Friday. Citigroup boosted their price target on Appian from $40.00 to $69.00 and gave the company a “buy” rating in a research note on Friday, November 6th. TD Cowen upped their price target on shares of Appian from $30.00 to $50.00 and gave the company a “hold” rating in a research report on Tuesday, November 3rd. Morgan Stanley upped their price target on shares of Appian from $25.00 to $32.00 and gave the company an “equal weight” rating in a research report on Friday, August 7th. Finally, Barclays increased their price objective on shares of Appian from $26.00 to $30.00 and gave the stock an “underweight” rating in a research note on Tuesday, October 13th.

Insider Transactions at Appian

In other Appian news, CEO Matthew Calkins sold 30,000 shares of the company’s stock in a transaction that occurred on Friday, November 6th. The shares were sold at an average price of $51.98, for a total transaction of $1,559,400.00. Following the completion of the sale, the chief executive officer directly owned 1,554,144 shares of the company’s stock, valued at approximately $80,784,405.12. This represents a 1.89% decrease in their ownership of the stock. The sale was disclosed in a 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 have sold 120,000 shares of company stock worth $4,830,450 in the last three months. Insiders own 42.81% of the company’s stock.

Institutional Investors Weigh In On Appian

A number of hedge funds have recently modified their holdings of the business. IFP Advisors Inc grew its position in shares of Appian by 35.5% during the 2nd quarter. IFP Advisors Inc now owns 1,108 shares of the company’s stock valued at $25,000 after acquiring an additional 290 shares during the period. KBC Group NV bought a new position in Appian in the 1st quarter worth $31,000. Sterling Capital Management LLC raised its holdings in Appian by 820.0% in the 3rd quarter. Sterling Capital Management LLC now owns 1,288 shares of the company’s stock worth $45,000 after purchasing an additional 1,148 shares during the period. 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 worth $61,000 after purchasing an additional 350 shares during the period. Finally, Integrated Wealth Concepts LLC purchased a new position in Appian during the second quarter valued at $63,000. Institutional investors own 52.70% of the company’s stock.

Appian Price Performance

NASDAQ APPN opened at $52.35 on Wednesday. The business’s fifty day moving average price is $41.90 and its 200-day moving average price is $29.77. The stock has a market capitalization of $3.75 billion, a price-to-earnings ratio of -654.38 and a beta of 0.83. Appian has a 1-year low of $18.63 and a 1-year high of $56.38.

Appian (NASDAQ:APPN) last released its quarterly earnings results on Thursday, November 5th. The company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.18. Appian had a negative return on equity of 43.13% and a negative net margin of 0.72%. The firm had revenue of $234.63 million for the quarter, compared to the consensus estimate of $216.94 million. During the same period last year, the business posted $0.32 EPS. The company’s revenue for the quarter was up 25.5% on a year-over-year basis. Appian has set its FY 2026 guidance at 1.200-1.240 EPS and its Q4 2026 guidance at 0.300-0.340 EPS. Equities research analysts anticipate that Appian will post 0.51 EPS for the current year.

About Appian

Appian Corporation develops a low-code platform that helps organizations build and manage business applications and automate complex processes. Its offerings combine application development tools with capabilities for workflow automation, case management, robotic process automation, and process mining. Founded in 1999 by Matt Calkins, Appian serves businesses and government organizations in a range of industries, including financial services, insurance, healthcare, life sciences, and the public sector.