Appian (NASDAQ:APPN) Stock Price Down 5.7% – Should You Sell?

Appian Corporation (NASDAQ:APPN)’s share price dropped 5.7% on Tuesday . The stock traded as low as $36.50 and last traded at $36.4370. 249,298 shares were traded during trading, a decline of 74% from the average session volume of 959,259 shares. The stock had previously closed at $38.62.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Morgan Stanley lifted their price objective on Appian from $25.00 to $32.00 and gave the stock an “equal weight” rating in a report on Friday, August 7th. Wall Street Zen upgraded Appian from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 12th. Zacks Research upgraded Appian from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 7th. DA Davidson raised their target price on shares of Appian from $34.00 to $42.00 and gave the stock a “neutral” rating in a report on Friday, August 14th. Finally, Weiss Ratings upgraded Appian from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, September 3rd. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $31.00.

Appian Stock Down 4.0%

The company has a market capitalization of $2.65 billion, a P/E ratio of -247.12 and a beta of 0.94. The stock has a fifty day simple moving average of $33.58 and a 200-day simple moving average of $26.81.

Appian (NASDAQ:APPN) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.13 earnings per share for the quarter. Appian had a negative net margin of 1.34% and a negative return on equity of 35.20%. The firm had revenue of $203.26 million during the quarter, compared to analysts’ expectations of $193.38 million. The company’s revenue for the quarter was up 19.1% compared to the same quarter last year. Appian has set its FY 2026 guidance at 1.040-1.120 EPS and its Q3 2026 guidance at 0.310-0.350 EPS. Analysts predict that Appian Corporation will post 0.45 earnings per share for the current fiscal year.

Insider Transactions at Appian

In related news, CEO Matthew Calkins sold 45,000 shares of Appian stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $35.19, for a total transaction of $1,583,550.00. Following the completion of the transaction, the chief executive officer owned 1,629,144 shares in the company, valued at approximately $57,329,577.36. This trade represents a 2.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 42.81% of the company’s stock.

Institutional Trading of Appian

A number of hedge funds and other institutional investors have recently modified their holdings of APPN. Integrated Wealth Concepts LLC acquired a new stake in shares of Appian during the 2nd quarter worth approximately $63,000. IFP Advisors Inc grew its position in Appian by 35.5% during the second quarter. IFP Advisors Inc now owns 1,108 shares of the company’s stock worth $25,000 after buying an additional 290 shares in the last quarter. Allworth Financial LP increased its stake in Appian by 15.0% in the 2nd quarter. Allworth Financial LP now owns 2,678 shares of the company’s stock worth $61,000 after acquiring an additional 350 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Appian in the 2nd quarter valued at about $1,407,000. Finally, AXQ Capital LP raised its stake in Appian by 43.5% in the second quarter. AXQ Capital LP now owns 15,715 shares of the company’s stock valued at $360,000 after purchasing an additional 4,761 shares in the last quarter. Institutional investors own 52.70% of the company’s stock.

Appian Company Profile

Appian Corporation develops enterprise software designed to help organizations build applications and automate business processes. Its low-code platform enables users to design, deploy and manage applications with limited traditional programming, supporting workflow automation, process orchestration, case management and business process improvement.

The Appian Platform combines application development tools with data management, artificial intelligence, robotic process automation and process-mining capabilities.