Appian (NASDAQ:APPN) Stock Price Up 6.4% – Here’s Why

Appian Corporation (NASDAQ:APPN) shares rose 6.4% on Thursday. The stock traded as high as $37.10 and last traded at $37.5440. 17,613 shares traded hands during mid-day trading, a decline of 98% from the average daily volume of 951,238 shares. The stock had previously closed at $35.27.

Analyst Upgrades and Downgrades

Several research firms have commented on APPN. DA Davidson upped their price objective on shares of Appian from $34.00 to $42.00 and gave the company a “neutral” rating in a report on Friday, August 14th. Zacks Research upgraded shares of Appian from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 7th. Citigroup raised their price objective on shares of Appian from $37.00 to $40.00 and gave the stock a “buy” rating in a report on Friday, August 7th. Morgan Stanley lifted their price objective on shares of Appian from $25.00 to $32.00 and gave the company an “equal weight” rating in a research note on Friday, August 7th. Finally, Wall Street Zen upgraded Appian from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 12th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, three have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $31.00.

Appian Stock Up 6.0%

The company has a 50-day moving average price of $35.13 and a two-hundred day moving average price of $27.31. The stock has a market capitalization of $2.68 billion, a P/E ratio of -249.68 and a beta of 0.94.

Appian (NASDAQ:APPN) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.13 EPS for the quarter. Appian had a negative net margin of 1.34% and a negative return on equity of 35.20%. The company had revenue of $203.26 million during the quarter, compared to analyst estimates of $193.38 million. The firm’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. On average, sell-side analysts expect that Appian Corporation will post 0.45 earnings per share for the current year.

Insider Activity at Appian

In other Appian news, CEO Matthew Calkins sold 50,000 shares of Appian stock in a transaction that occurred on Tuesday, July 7th. The shares were sold at an average price of $24.72, for a total transaction of $1,236,000.00. Following the completion of the sale, the chief executive officer directly owned 1,719,144 shares in the company, valued at $42,497,239.68. The trade was a 2.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 42.81% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in APPN. Cim Investment Management Inc. lifted its stake in shares of Appian by 7.4% in the 2nd quarter. Cim Investment Management Inc. now owns 10,357 shares of the company’s stock valued at $237,000 after acquiring an additional 715 shares during the last quarter. Integrated Wealth Concepts LLC bought a new stake in Appian in the second quarter valued at $63,000. IFP Advisors Inc raised its holdings in Appian by 35.5% in the 2nd quarter. IFP Advisors Inc now owns 1,108 shares of the company’s stock worth $25,000 after purchasing an additional 290 shares in the last quarter. Allworth Financial LP boosted its stake in shares of Appian by 15.0% during the 2nd quarter. Allworth Financial LP now owns 2,678 shares of the company’s stock valued at $61,000 after purchasing an additional 350 shares in the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of Appian during the second quarter valued at about $1,407,000. 52.70% of the stock is owned by hedge funds and other institutional investors.

Appian Company Profile

Appian Corporation develops a low-code platform designed to help organizations build, manage and automate business applications and workflows. Its platform combines process orchestration, data management, artificial intelligence, robotic process automation and case management capabilities, enabling businesses to connect information from multiple systems and coordinate complex operational processes.

Appian provides cloud-based and self-managed deployment options, along with consulting, implementation, training and support services.