Appian (APPN) Scheduled to Post Earnings on Thursday

Appian (NASDAQ:APPN) is scheduled to be announcing its earnings results before the market opens on Thursday, May 2nd. Analysts expect the company to announce earnings of ($0.15) per share for the quarter.

Appian (NASDAQ:APPN) last issued its quarterly earnings data on Thursday, February 15th. The company reported ($0.07) EPS for the quarter, topping the consensus estimate of ($0.40) by $0.33. Appian had a negative return on equity of 127.40% and a negative net margin of 20.43%. The company had revenue of $145.32 million during the quarter, compared to analyst estimates of $140.41 million. On average, analysts expect Appian to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Appian Stock Performance

Shares of APPN traded down $0.97 during trading hours on Thursday, hitting $35.69. The stock had a trading volume of 90,036 shares, compared to its average volume of 488,003. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.12 and a quick ratio of 1.12. Appian has a 12 month low of $30.87 and a 12 month high of $54.26. The firm has a market capitalization of $2.62 billion, a PE ratio of -23.22 and a beta of 1.46. The stock has a fifty day moving average price of $36.64 and a 200 day moving average price of $36.79.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. KeyCorp boosted their price objective on Appian from $45.00 to $50.00 and gave the company an “overweight” rating in a research report on Friday, February 16th. Barclays boosted their target price on Appian from $35.00 to $36.00 and gave the stock an “underweight” rating in a research report on Monday, April 15th. Citigroup upped their price objective on Appian from $48.00 to $52.00 and gave the company a “neutral” rating in a research report on Friday, March 22nd. William Blair restated an “outperform” rating on shares of Appian in a research report on Wednesday, March 20th. Finally, DA Davidson cut their target price on Appian from $55.00 to $52.00 and set a “buy” rating on the stock in a research note on Monday, March 4th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Appian presently has an average rating of “Moderate Buy” and a consensus price target of $48.86.

Insider Buying and Selling at Appian

In related news, major shareholder Abdiel Capital Advisors, Lp sold 400,000 shares of Appian stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $32.44, for a total value of $12,976,000.00. Following the sale, the insider now directly owns 5,890,304 shares in the company, valued at approximately $191,081,461.76. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 43.60% of the company’s stock.

About Appian

Appian Corporation, a software company that provides low-code design platform in the United States, Mexico, Portugal, and internationally. The company's platform offers artificial intelligence, process automation, data fabric, and process mining. It provides The Appian Platform, an integrated automation platform that enables organizations to design, automate, and optimize mission-critical business processes.