Appian (NASDAQ:APPN) Rating Lowered to “Hold” at Zacks Research

Appian (NASDAQ:APPN) was downgraded by investment analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Thursday,Zacks.com reports.

Several other equities research analysts have also weighed in on APPN. UBS Group set a $25.00 price objective on Appian in a research note on Thursday, April 30th. TD Cowen reduced their target price on Appian from $27.00 to $24.00 and set a “hold” rating on the stock in a report on Friday, May 15th. Morgan Stanley reissued an “equal weight” rating and issued a $25.00 target price (down from $41.00) on shares of Appian in a report on Thursday, April 30th. Wall Street Zen downgraded Appian from a “strong-buy” rating to a “buy” rating in a report on Friday, January 23rd. Finally, Citigroup reduced their target price on Appian from $38.00 to $37.00 and set a “buy” rating on the stock in a report on Friday, May 8th. One investment analyst has rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus target price of $26.00.

Appian Trading Up 1.1%

APPN stock opened at $21.37 on Thursday. Appian has a 1-year low of $18.63 and a 1-year high of $46.06. The firm has a market cap of $1.57 billion, a P/E ratio of 2,139.14 and a beta of 0.88. The business’s 50 day moving average is $22.63 and its 200-day moving average is $29.38.

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

Insider Activity at Appian

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. EverSource Wealth Advisors LLC lifted its holdings in Appian by 282.5% during 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 in the last quarter. Aster Capital Management DIFC Ltd acquired a new position in Appian during the 4th quarter worth $30,000. Northwestern Mutual Wealth Management Co. lifted its holdings in Appian by 693.4% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 968 shares of the company’s stock worth $30,000 after buying an additional 846 shares in the last quarter. Kestra Advisory Services LLC acquired a new position in Appian during the 4th quarter worth $34,000. Finally, Allworth Financial LP lifted its holdings in Appian by 175.2% during the 3rd quarter. Allworth Financial LP now owns 1,131 shares of the company’s stock worth $35,000 after buying an additional 720 shares in the last quarter. 52.70% of the stock is owned by institutional investors and hedge funds.

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.