Appian (NASDAQ:APPN) Sets New 12-Month Low – Here’s Why

Shares of Appian Corporation (NASDAQ:APPN) hit a new 52-week low during trading on Wednesday . The stock traded as low as $19.35 and last traded at $19.5030, with a volume of 138213 shares. The stock had previously closed at $20.52.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Zacks Research upgraded Appian from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 22nd. DA Davidson set a $25.00 target price on shares of Appian in a research report on Friday, February 20th. Morgan Stanley restated an “equal weight” rating and set a $25.00 target price (down from $41.00) on shares of Appian in a research report on Thursday, April 30th. UBS Group set a $25.00 target price on shares of Appian in a research report on Thursday, April 30th. Finally, Wall Street Zen cut shares of Appian from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 23rd. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $27.50.

Appian Stock Down 7.6%

The stock’s 50 day moving average is $23.58 and its two-hundred day moving average is $29.94. The company has a market capitalization of $1.40 billion, a PE ratio of 1,903.90 and a beta of 0.88.

Appian (NASDAQ:APPN) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.08. The company had revenue of $202.18 million during the quarter, compared to analyst estimates of $191.57 million. Appian had a net margin of 0.12% and a negative return on equity of 26.12%. The firm’s revenue for the quarter was up 21.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.13 earnings per share. Appian has set its FY 2026 guidance at 0.940-1.050 EPS and its Q2 2026 guidance at -0.020-0.020 EPS. On average, sell-side 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 APPN. EverSource Wealth Advisors LLC increased its position in shares of Appian by 282.5% during the third quarter. EverSource Wealth Advisors LLC now owns 811 shares of the company’s stock worth $25,000 after purchasing an additional 599 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in shares of Appian in the fourth quarter worth $30,000. Northwestern Mutual Wealth Management Co. increased its stake in shares of Appian by 693.4% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 968 shares of the company’s stock worth $30,000 after acquiring an additional 846 shares during the period. Kestra Advisory Services LLC acquired a new stake in shares of Appian in the fourth quarter worth $34,000. Finally, Allworth Financial LP boosted its position in Appian by 175.2% in the 3rd quarter. Allworth Financial LP now owns 1,131 shares of the company’s stock worth $35,000 after purchasing an additional 720 shares in the last quarter. Hedge funds and other institutional investors own 52.70% of the company’s stock.

About Appian

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.