Appian Corporation (NASDAQ:APPN) Given Average Rating of “Reduce” by Brokerages

Shares of Appian Corporation (NASDAQ:APPN) have been assigned an average rating of “Reduce” from the seven analysts that are covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $26.00.

Several analysts have issued reports on the company. Citigroup dropped their price target on Appian from $38.00 to $37.00 and set a “buy” rating on the stock in a research note on Friday, May 8th. UBS Group set a $25.00 target price on Appian in a research report on Thursday, April 30th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Appian in a research report on Wednesday, May 20th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $25.00 target price (down from $41.00) on shares of Appian in a research report on Thursday, April 30th. Finally, Barclays lifted their target price on Appian from $21.00 to $23.00 and gave the company an “underweight” rating in a research report on Friday, May 8th.

Insider Activity

In related news, CRO Mark Dorsey bought 5,227 shares of the stock in a transaction that occurred on Wednesday, May 13th. The shares were acquired at an average price of $19.13 per share, with a total value of $99,992.51. Following the completion of the transaction, the executive owned 13,993 shares in the company, valued at $267,686.09. The trade was a 59.63% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 44.00% of the company’s stock.

Hedge Funds Weigh In On Appian

Hedge funds and other institutional investors have recently bought and sold shares of the business. EverSource Wealth Advisors LLC grew its holdings in 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 during the period. Aster Capital Management DIFC Ltd bought a new position in Appian during the fourth quarter worth about $30,000. Northwestern Mutual Wealth Management Co. grew its holdings in Appian by 693.4% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 968 shares of the company’s stock worth $30,000 after purchasing an additional 846 shares during the period. Kestra Advisory Services LLC bought a new position in Appian during the fourth quarter worth about $34,000. Finally, Allworth Financial LP grew its holdings in Appian by 175.2% during the third quarter. Allworth Financial LP now owns 1,131 shares of the company’s stock worth $35,000 after purchasing an additional 720 shares during the period. Institutional investors own 52.70% of the company’s stock.

Appian Trading Up 1.4%

Shares of Appian stock opened at $21.67 on Wednesday. The company has a market capitalization of $1.59 billion, a PE ratio of 2,169.17 and a beta of 0.88. Appian has a 12 month low of $18.63 and a 12 month high of $46.06. The stock’s fifty day simple moving average is $22.48 and its 200 day simple moving average is $29.27.

Appian (NASDAQ:APPN) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.08. Appian had a negative return on equity of 26.12% and a net margin of 0.12%.The firm had revenue of $202.18 million for the quarter, compared to the consensus estimate of $191.57 million. During the same quarter last year, the business posted $0.13 EPS. The company’s revenue for the quarter was up 21.5% on a year-over-year basis. Appian has set its FY 2026 guidance at 0.940-1.050 EPS and its Q2 2026 guidance at -0.020-0.020 EPS. Analysts predict that Appian will post 0.25 EPS for the current fiscal year.

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.