Equities research analysts predict that Appian Corp (NASDAQ:APPN) will announce ($0.17) earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Appian’s earnings. The lowest EPS estimate is ($0.18) and the highest is ($0.17). Appian reported earnings per share of ($0.14) during the same quarter last year, which indicates a negative year over year growth rate of 21.4%. The firm is scheduled to report its next quarterly earnings results on Thursday, August 1st.

On average, analysts expect that Appian will report full-year earnings of ($0.54) per share for the current financial year, with EPS estimates ranging from ($0.55) to ($0.53). For the next financial year, analysts forecast that the business will post earnings of ($0.38) per share, with EPS estimates ranging from ($0.44) to ($0.34). Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that that provide coverage for Appian.

Appian (NASDAQ:APPN) last announced its quarterly earnings data on Thursday, May 2nd. The company reported ($0.16) EPS for the quarter, meeting the consensus estimate of ($0.16). Appian had a negative net margin of 24.48% and a negative return on equity of 91.41%. The business had revenue of $59.58 million during the quarter, compared to the consensus estimate of $59.71 million. During the same period in the previous year, the business earned ($0.12) earnings per share. The company’s revenue was up 15.2% on a year-over-year basis.

Several research analysts have recently issued reports on the stock. BidaskClub upgraded shares of Appian from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, January 30th. Goldman Sachs Group assumed coverage on shares of Appian in a research note on Friday, February 1st. They issued a “sell” rating and a $26.00 target price on the stock. Canaccord Genuity upped their target price on shares of Appian from $27.00 to $33.00 and gave the stock a “hold” rating in a research note on Friday, February 22nd. SunTrust Banks upped their target price on shares of Appian to $32.00 and gave the stock a “hold” rating in a research note on Monday, February 25th. Finally, Zacks Investment Research upgraded shares of Appian from a “hold” rating to a “buy” rating and set a $41.00 target price on the stock in a research note on Tuesday, February 26th. Three analysts have rated the stock with a sell rating, three have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $32.44.

In other news, Director Michael G. Devine sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $36.03, for a total transaction of $180,150.00. Following the completion of the transaction, the director now directly owns 11,960 shares of the company’s stock, valued at $430,918.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP David Leon Mitchell sold 3,271 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $35.15, for a total transaction of $114,975.65. Following the transaction, the vice president now directly owns 10,000 shares of the company’s stock, valued at $351,500. The disclosure for this sale can be found here. Insiders have sold 77,218 shares of company stock valued at $2,775,828 over the last three months. 50.00% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Lindbrook Capital LLC raised its holdings in shares of Appian by 50.0% during the first quarter. Lindbrook Capital LLC now owns 900 shares of the company’s stock valued at $30,000 after purchasing an additional 300 shares during the last quarter. Great West Life Assurance Co. Can purchased a new position in shares of Appian during the fourth quarter valued at approximately $38,000. IFP Advisors Inc raised its holdings in shares of Appian by 29.6% during the fourth quarter. IFP Advisors Inc now owns 1,451 shares of the company’s stock valued at $40,000 after purchasing an additional 331 shares during the last quarter. Advisor Group Inc. raised its holdings in shares of Appian by 12.2% during the fourth quarter. Advisor Group Inc. now owns 2,759 shares of the company’s stock valued at $74,000 after purchasing an additional 300 shares during the last quarter. Finally, Flagship Harbor Advisors LLC purchased a new position in shares of Appian during the first quarter valued at approximately $85,000. 26.70% of the stock is owned by hedge funds and other institutional investors.

Shares of APPN opened at $35.42 on Tuesday. Appian has a one year low of $22.61 and a one year high of $43.61. The company has a market cap of $2.21 billion, a price-to-earnings ratio of -44.28 and a beta of 1.79.

Appian Company Profile

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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