Appian Corporation (NASDAQ:APPN) Receives Consensus Rating of “Reduce” from Brokerages

Appian Corporation (NASDAQ:APPN) has been given an average rating of “Reduce” by the seven research firms that are presently 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 1-year price target among analysts that have issued ratings on the stock in the last year is $26.00.

Several brokerages recently commented on APPN. Citigroup reduced their price target on shares of Appian from $38.00 to $37.00 and set a “buy” rating for the company in a research report on Friday, May 8th. TD Cowen cut their target price on shares of Appian from $27.00 to $24.00 and set a “hold” rating on the stock in a research note on Friday, May 15th. Morgan Stanley restated an “equal weight” rating and issued a $25.00 target price (down from $41.00) on shares of Appian in a report on Thursday, April 30th. DA Davidson decreased their target price on Appian from $25.00 to $22.00 and set a “neutral” rating for the company in a research report on Friday, May 15th. Finally, Zacks Research downgraded Appian from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 21st.

Appian Trading Down 1.7%

Shares of APPN opened at $24.27 on Thursday. The business’s 50-day moving average price is $22.46 and its 200 day moving average price is $25.46. The stock has a market capitalization of $1.78 billion, a P/E ratio of 2,429.43 and a beta of 0.85. Appian has a 1-year low of $18.63 and a 1-year high of $46.06.

Appian (NASDAQ:APPN) last announced its earnings results on Thursday, May 7th. The company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.19 by $0.08. Appian had a net margin of 0.12% and a negative return on equity of 26.12%. The company had revenue of $202.18 million during the quarter, compared to analysts’ expectations of $191.56 million. During the same period last year, the company posted $0.13 earnings per share. The business’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. On average, research analysts predict that Appian will post 0.25 earnings per share for the current year.

Insider Transactions at Appian

In other Appian news, CEO Matthew W. Calkins sold 50,000 shares of the firm’s stock in a transaction dated Tuesday, July 7th. The stock was sold at an average price of $24.72, for a total transaction of $1,236,000.00. Following the completion of the sale, the chief executive officer directly owned 1,719,144 shares in the company, valued at approximately $42,497,239.68. This trade represents a 2.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CRO Mark Dorsey bought 5,227 shares of the stock in a transaction on Wednesday, May 13th. The shares were acquired at an average cost of $19.13 per share, for a total transaction of $99,992.51. Following the purchase, the executive owned 13,993 shares in the company, valued at approximately $267,686.09. This represents a 59.63% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Company insiders own 43.00% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Aster Capital Management DIFC Ltd acquired a new position in Appian in the 4th quarter valued at approximately $30,000. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Appian by 693.4% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 968 shares of the company’s stock valued at $30,000 after buying an additional 846 shares during the period. KBC Group NV purchased a new position in shares of Appian during the 1st quarter valued at $31,000. Kestra Advisory Services LLC purchased a new position in shares of Appian during the 4th quarter valued at $34,000. Finally, Allworth Financial LP increased its stake in shares of Appian by 175.2% in the third quarter. Allworth Financial LP now owns 1,131 shares of the company’s stock worth $35,000 after acquiring an additional 720 shares during the last quarter. 52.70% of the stock is owned by hedge funds and other institutional investors.

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.