Appian (NASDAQ:APPN) Given New $37.00 Price Target at Barclays

Appian (NASDAQ:APPN) had its price objective lifted by Barclays from $33.00 to $37.00 in a research report report published on Friday,Benzinga reports. Barclays currently has an underweight rating on the stock.

APPN has been the topic of several other research reports. Weiss Ratings restated a “sell (d-)” rating on shares of Appian in a report on Wednesday. Cowen reissued a “hold” rating on shares of Appian in a research report on Thursday. Zacks Research upgraded Appian from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 8th. Finally, DA Davidson began coverage on Appian in a report on Friday. They issued a “hold” rating and a $38.00 target price for the company. One investment analyst has rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Reduce” and an average target price of $35.80.

Appian Stock Performance

Shares of APPN stock traded up $1.93 on Friday, hitting $40.29. The company had a trading volume of 1,687,161 shares, compared to its average volume of 808,481. Appian has a twelve month low of $24.00 and a twelve month high of $41.78. The firm has a market cap of $2.98 billion, a P/E ratio of -402.86 and a beta of 1.77. The stock’s 50-day moving average is $30.86 and its two-hundred day moving average is $30.39.

Appian (NASDAQ:APPN) last posted its quarterly earnings data on Thursday, November 6th. The company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.27. The company had revenue of $187.00 million during the quarter, compared to analyst estimates of $174.11 million. Appian’s revenue was up 21.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.15 earnings per share. Appian has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Equities research analysts predict that Appian will post -0.28 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. boosted its holdings in Appian by 89.0% in the second quarter. PNC Financial Services Group Inc. now owns 1,198 shares of the company’s stock worth $36,000 after acquiring an additional 564 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of Appian by 115.5% in the 3rd quarter. Jones Financial Companies Lllp now owns 1,653 shares of the company’s stock worth $51,000 after purchasing an additional 886 shares in the last quarter. Concord Wealth Partners grew its position in Appian by 21.7% in the 1st quarter. Concord Wealth Partners now owns 2,581 shares of the company’s stock valued at $74,000 after purchasing an additional 461 shares during the period. Globeflex Capital L P bought a new stake in Appian during the 2nd quarter valued at $90,000. Finally, Headlands Technologies LLC raised its holdings in Appian by 2,052.0% during the first quarter. Headlands Technologies LLC now owns 4,218 shares of the company’s stock worth $122,000 after buying an additional 4,022 shares during the last quarter. 52.70% of the stock is owned by institutional investors and hedge funds.

About Appian

Appian Corporation, a software company that provides low-code design platform in the United States, Mexico, Portugal, and internationally. The company's platform offers artificial intelligence, process automation, data fabric, and process mining. It provides The Appian Platform, an integrated automation platform that enables organizations to design, automate, and optimize mission-critical business processes.