Appian (NASDAQ:APPN) Downgraded to “Hold” Rating by Zacks Research

Zacks Research downgraded shares of Appian (NASDAQ:APPN) from a strong-buy rating to a hold rating in a research report report published on Thursday,Zacks.com reports.

A number of other research firms also recently issued reports on APPN. Wall Street Zen downgraded Appian from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 23rd. Barclays raised their price objective on shares of Appian from $21.00 to $23.00 and gave the stock an “underweight” rating in a report on Friday, May 8th. TD Cowen reduced their target price on shares of Appian from $27.00 to $24.00 and set a “hold” rating for the company in a report on Friday, May 15th. DA Davidson decreased their price target on shares of Appian from $25.00 to $22.00 and set a “neutral” rating on the stock in a research report on Friday, May 15th. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $25.00 price target (down from $41.00) on shares of Appian in a research note on Thursday, April 30th. One equities research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Reduce” and a consensus price target of $26.00.

Appian Price Performance

NASDAQ APPN opened at $21.37 on Thursday. The stock has a market capitalization of $1.57 billion, a price-to-earnings ratio of 2,139.14 and a beta of 0.88. Appian has a 1-year low of $18.63 and a 1-year high of $46.06. The business’s fifty day moving average price is $22.63 and its 200-day moving average price is $29.38.

Appian (NASDAQ:APPN) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.19 by $0.08. The company had revenue of $202.18 million during the quarter, compared to analyst estimates of $191.57 million. Appian had a negative return on equity of 26.12% and a net margin of 0.12%.Appian’s revenue was up 21.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.13 earnings per share. Appian has set its FY 2026 guidance at 0.940-1.050 EPS and its Q2 2026 guidance at -0.020-0.020 EPS. Equities research analysts anticipate that Appian will post 0.25 EPS for the current year.

Insider Activity

In other news, CRO Mark Dorsey bought 5,227 shares of Appian stock in a transaction that occurred on Wednesday, May 13th. The stock was bought at an average cost of $19.13 per share, with a total value of $99,992.51. Following the acquisition, the executive owned 13,993 shares of the company’s stock, valued at $267,686.09. The trade was a 59.63% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 43.00% of the company’s stock.

Hedge Funds Weigh In On Appian

Hedge funds have recently modified their holdings of the company. State of Wyoming increased its stake in shares of Appian by 55.0% in the fourth quarter. State of Wyoming now owns 1,462 shares of the company’s stock worth $52,000 after purchasing an additional 519 shares in the last quarter. ProShare Advisors LLC lifted its stake in shares of Appian by 7.8% during the 4th quarter. ProShare Advisors LLC now owns 7,481 shares of the company’s stock valued at $265,000 after buying an additional 543 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Appian by 282.5% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 811 shares of the company’s stock worth $25,000 after buying an additional 599 shares during the period. Legal & General Group Plc increased its stake in Appian by 1.7% in the 3rd quarter. Legal & General Group Plc now owns 37,730 shares of the company’s stock worth $1,153,000 after buying an additional 632 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in Appian by 4.7% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 15,214 shares of the company’s stock worth $539,000 after buying an additional 681 shares in the last quarter. 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.