Equities analysts expect that Appian Corp (NASDAQ:APPN) will announce earnings per share (EPS) of ($0.18) for the current quarter, Zacks reports. Three analysts have issued estimates for Appian’s earnings, with the lowest EPS estimate coming in at ($0.18) and the highest estimate coming in at ($0.17). Appian reported earnings per share of ($0.08) in the same quarter last year, which would suggest a negative year-over-year growth rate of 125%. The business is expected to issue its next earnings report after the market closes on Thursday, November 1st.

On average, analysts expect that Appian will report full year earnings of ($0.61) per share for the current fiscal year, with EPS estimates ranging from ($0.62) to ($0.61). For the next year, analysts forecast that the company will post earnings of ($0.47) per share, with EPS estimates ranging from ($0.52) to ($0.43). Zacks’ EPS averages are an average based on a survey of analysts that cover Appian.

Appian (NASDAQ:APPN) last announced its earnings results on Thursday, August 2nd. The company reported ($0.14) EPS for the quarter, topping the consensus estimate of ($0.17) by $0.03. The firm had revenue of $59.88 million for the quarter, compared to the consensus estimate of $50.31 million. Appian had a negative net margin of 16.28% and a negative return on equity of 81.10%. The business’s quarterly revenue was up 38.6% on a year-over-year basis. During the same quarter last year, the firm posted ($0.08) EPS.

APPN has been the topic of several research analyst reports. BidaskClub upgraded shares of Appian from a “hold” rating to a “buy” rating in a research report on Tuesday, August 14th. Barclays upgraded shares of Appian from an “underweight” rating to an “equal weight” rating and set a $29.00 price target on the stock in a research report on Monday. SunTrust Banks lowered shares of Appian from a “buy” rating to a “hold” rating in a research report on Wednesday, June 20th. They noted that the move was a valuation call. Zacks Investment Research lowered shares of Appian from a “buy” rating to a “hold” rating in a research report on Wednesday, October 3rd. Finally, Canaccord Genuity raised their price target on shares of Appian from $28.00 to $30.00 and gave the stock a “hold” rating in a research report on Friday, August 3rd. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $27.29.

In other Appian news, insider Robert Charles Kramer sold 25,000 shares of the firm’s stock in a transaction on Thursday, August 23rd. The shares were sold at an average price of $34.78, for a total value of $869,500.00. Following the sale, the insider now directly owns 4,000 shares in the company, valued at approximately $139,120. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Edward L. Hughes sold 20,000 shares of the firm’s stock in a transaction on Wednesday, August 1st. The stock was sold at an average price of $31.13, for a total transaction of $622,600.00. Following the completion of the sale, the vice president now owns 132,359 shares in the company, valued at $4,120,335.67. The disclosure for this sale can be found here. Over the last 90 days, insiders acquired 936,347 shares of company stock worth $26,266,051 and sold 288,500 shares worth $9,788,485. Company insiders own 64.00% of the company’s stock.

Institutional investors have recently modified their holdings of the company. UBS Group AG boosted its position in shares of Appian by 240.8% during the 1st quarter. UBS Group AG now owns 6,717 shares of the company’s stock valued at $169,000 after acquiring an additional 4,746 shares in the last quarter. California Public Employees Retirement System acquired a new stake in shares of Appian during the 2nd quarter valued at about $207,000. Commonwealth Equity Services LLC acquired a new stake in shares of Appian during the 1st quarter valued at about $219,000. Point72 Asset Management L.P. acquired a new stake in shares of Appian during the 2nd quarter valued at about $264,000. Finally, Tocqueville Asset Management L.P. acquired a new stake in shares of Appian during the 2nd quarter valued at about $273,000. Institutional investors and hedge funds own 16.75% of the company’s stock.

APPN traded up $0.98 during trading on Wednesday, hitting $26.15. The stock had a trading volume of 638,200 shares, compared to its average volume of 512,073. The company has a market capitalization of $2.10 billion, a PE ratio of -42.87 and a beta of 0.58. Appian has a 12 month low of $19.62 and a 12 month high of $43.61.

About Appian

Appian Corporation provides low-code software development platform that enables organizations to develop various applications in the United States and internationally. The company's platform automates the creation of forms, data flows, records, reports, and other software elements that are needed to be manually coded or configured.

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