Appian (NASDAQ:APPN) Posts Quarterly Earnings Results, Beats Estimates By $0.27 EPS

Appian (NASDAQ:APPN) posted its earnings results on Thursday. The company reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.27, Briefing.com reports. The business had revenue of $187.00 million for the quarter, compared to analyst estimates of $174.11 million. During the same period in the previous year, the firm posted $0.15 earnings per share. The firm’s revenue was up 21.4% compared to the same quarter last year. Appian updated its FY 2025 guidance to EPS and its Q4 2025 guidance to EPS.

Appian Price Performance

Appian stock traded up $1.93 during midday trading on Friday, hitting $40.29. The company’s stock had a trading volume of 1,687,161 shares, compared to its average volume of 808,481. The company has a market cap of $2.98 billion, a price-to-earnings ratio of -402.86 and a beta of 1.77. Appian has a 1-year low of $24.00 and a 1-year high of $41.78. The company has a 50-day moving average price of $30.86 and a two-hundred day moving average price of $30.39.

Analysts Set New Price Targets

APPN has been the subject of a number of research analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Appian in a research report on Wednesday. Zacks Research downgraded shares of Appian from a “strong-buy” rating to a “hold” rating in a report on Thursday. DA Davidson began coverage on shares of Appian in a research note on Friday. They issued a “hold” rating and a $38.00 price target on the stock. Cowen restated a “hold” rating on shares of Appian in a research report on Thursday. Finally, Barclays boosted their price objective on Appian from $33.00 to $37.00 and gave the stock an “underweight” rating in a report on Friday. One equities research analyst has rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Reduce” and a consensus target price of $35.80.

Institutional Investors Weigh In On Appian

A number of hedge funds and other institutional investors have recently made changes to their positions in APPN. Millennium Management LLC grew its position in Appian by 18.9% during the first quarter. Millennium Management LLC now owns 302,720 shares of the company’s stock worth $8,721,000 after buying an additional 48,014 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Appian by 2.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 385,731 shares of the company’s stock valued at $11,113,000 after acquiring an additional 8,319 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Appian by 2.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 90,080 shares of the company’s stock worth $2,595,000 after purchasing an additional 2,244 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Appian by 1.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 208,832 shares of the company’s stock worth $6,236,000 after purchasing an additional 3,954 shares in the last quarter. Finally, Invesco Ltd. increased its position in shares of Appian by 34.7% in the second quarter. Invesco Ltd. now owns 32,343 shares of the company’s stock worth $966,000 after purchasing an additional 8,329 shares during the period. 52.70% of the stock is currently 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.