Appian (NASDAQ:APPN) CRO Mark Dorsey Purchases 5,227 Shares

Appian Corporation (NASDAQ:APPN) CRO Mark Dorsey bought 5,227 shares of Appian stock in a transaction dated Wednesday, May 13th. The stock was purchased at an average price of $19.13 per share, with a total value of $99,992.51. Following the completion of the purchase, the executive owned 13,993 shares in the company, valued at $267,686.09. This trade represents a 59.63% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website.

Appian Price Performance

Shares of APPN traded down $1.80 during trading hours on Wednesday, hitting $18.72. The stock had a trading volume of 1,130,976 shares, compared to its average volume of 1,019,155. The firm has a 50 day simple moving average of $23.58 and a 200-day simple moving average of $29.94. The firm has a market capitalization of $1.38 billion, a P/E ratio of 1,873.87 and a beta of 0.88. Appian Corporation has a 1-year low of $18.68 and a 1-year high of $46.06.

Appian (NASDAQ:APPN) last issued its earnings results on Thursday, May 7th. The company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.19 by $0.08. The company had revenue of $202.18 million during the quarter, compared to the consensus estimate of $191.57 million. Appian had a negative return on equity of 26.12% and a net margin of 0.12%.The firm’s revenue for the quarter was up 21.5% compared to the same quarter last year. During the same period last year, the business posted $0.13 EPS. Appian has set its FY 2026 guidance at 0.940-1.050 EPS and its Q2 2026 guidance at -0.020-0.020 EPS. Equities analysts predict that Appian Corporation will post 0.38 EPS for the current fiscal year.

Institutional Investors Weigh In On Appian

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Wolf Hill Capital Management LP increased its holdings in shares of Appian by 298.1% in the third quarter. Wolf Hill Capital Management LP now owns 995,210 shares of the company’s stock worth $30,424,000 after purchasing an additional 745,210 shares during the period. Vanguard Group Inc. increased its stake in Appian by 13.0% in the third quarter. Vanguard Group Inc. now owns 5,935,948 shares of the company’s stock valued at $181,462,000 after acquiring an additional 681,643 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its stake in Appian by 86.9% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,291,124 shares of the company’s stock valued at $39,470,000 after acquiring an additional 600,336 shares during the last quarter. Bank of America Corp DE increased its stake in Appian by 182.7% in the second quarter. Bank of America Corp DE now owns 237,421 shares of the company’s stock valued at $7,089,000 after acquiring an additional 524,420 shares during the last quarter. Finally, Caption Management LLC grew its stake in shares of Appian by 127.3% during the second quarter. Caption Management LLC now owns 80,472 shares of the company’s stock valued at $2,403,000 after buying an additional 375,758 shares during the last quarter. Institutional investors own 52.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Zacks Research upgraded Appian from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 22nd. Barclays lifted their price target on shares of Appian from $21.00 to $23.00 and gave the stock an “underweight” rating in a report on Friday, May 8th. DA Davidson set a $25.00 price target on shares of Appian in a report on Friday, February 20th. Citigroup lowered their price target on shares of Appian from $38.00 to $37.00 and set a “buy” rating on the stock in a report on Friday, May 8th. Finally, UBS Group set a $25.00 target price on shares of Appian in a report on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, three have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Appian presently has a consensus rating of “Hold” and a consensus target price of $27.50.

Appian Company Profile

Appian Corporation is a global technology company specializing in low-code automation platforms designed to streamline business processes. Founded in 1999 by Matt Calkins, the company provides an integrated suite of tools that enables organizations to build enterprise applications and workflows rapidly with minimal hand coding. The platform combines process management, robotic process automation (RPA), artificial intelligence (AI) capabilities and data integration into a single environment, allowing businesses to accelerate digital transformation initiatives.

The core offering, the Appian Low-Code Platform, empowers users—ranging from professional developers to business analysts—to visually model, design and deploy applications that can automate complex operations, orchestrate tasks across systems, and deliver real-time analytics.