Appian (NASDAQ:APPN – Get Free Report) updated its second quarter earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of ($0.34)-($0.28) for the period, compared to the consensus estimate of ($0.30). The company issued revenue guidance of $140-144 million, compared to the consensus revenue estimate of $145.00 million. Appian also updated its FY24 guidance to ($0.85)-($0.79) EPS.
Appian Trading Up 3.1 %
Shares of Appian stock traded up $0.95 during trading on Friday, hitting $31.98. 795,544 shares of the company were exchanged, compared to its average volume of 577,887. The firm’s fifty day moving average price is $36.71 and its 200 day moving average price is $36.45. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.12 and a quick ratio of 1.12. Appian has a 1-year low of $28.22 and a 1-year high of $54.26.
Appian (NASDAQ:APPN – Get Free Report) last issued its quarterly earnings results on Thursday, February 15th. The company reported ($0.07) EPS for the quarter, topping the consensus estimate of ($0.40) by $0.33. The firm had revenue of $145.32 million for the quarter, compared to analysts’ expectations of $140.41 million. Appian had a negative net margin of 19.20% and a negative return on equity of 146.23%. Sell-side analysts anticipate that Appian will post -0.9 earnings per share for the current fiscal year.
Analyst Ratings Changes
Check Out Our Latest Report on Appian
Insider Buying and Selling
In other news, major shareholder Abdiel Capital Advisors, Lp sold 400,000 shares of Appian stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $32.44, for a total value of $12,976,000.00. Following the sale, the insider now directly owns 5,890,304 shares in the company, valued at approximately $191,081,461.76. The sale was disclosed in a filing with the SEC, which is available through this link. 43.60% of the stock is owned by corporate insiders.
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.
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