Appian (NASDAQ:APPN) Stock Moved Down to “Buy” by Wall Street Zen

Appian (NASDAQ:APPN) was downgraded by stock analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Saturday, Wall Street Zen reports.

Several other research firms have also recently commented on APPN. Morgan Stanley boosted their target price on Appian from $25.00 to $32.00 and gave the stock an “equal weight” rating in a research report on Friday, August 7th. Citigroup raised their price objective on shares of Appian from $37.00 to $40.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Weiss Ratings upgraded Appian from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, September 3rd. DA Davidson raised their price objective on Appian from $34.00 to $42.00 and gave the company a “neutral” rating in a research note on Friday, August 14th. Finally, Barclays lifted their price target on Appian from $26.00 to $30.00 and gave the stock an “underweight” rating in a research note on Tuesday. One analyst has rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Reduce” and a consensus price target of $32.17.

Appian Price Performance

Shares of Appian stock opened at $41.17 on Friday. The firm has a market cap of $2.95 billion, a PE ratio of -274.45 and a beta of 0.92. Appian has a 1 year low of $18.63 and a 1 year high of $46.06. The stock has a fifty day moving average price of $37.84 and a 200-day moving average price of $28.47.

Appian (NASDAQ:APPN) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.13 earnings per share for the quarter. Appian had a negative return on equity of 35.20% and a negative net margin of 1.34%. The business had revenue of $203.26 million during the quarter, compared to analyst estimates of $193.38 million. The firm’s revenue for the quarter was up 19.1% on a year-over-year basis. Appian has set its FY 2026 guidance at 1.040-1.120 EPS and its Q3 2026 guidance at 0.310-0.350 EPS. As a group, equities analysts anticipate that Appian will post 0.45 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Matthew Calkins sold 45,000 shares of the firm’s stock in a transaction on Wednesday, October 7th. The stock was sold at an average price of $37.50, for a total value of $1,687,500.00. Following the transaction, the chief executive officer directly owned 1,584,144 shares in the company, valued at $59,405,400. This trade represents a 2.76% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 42.81% of the company’s stock.

Institutional Trading of Appian

Several institutional investors and hedge funds have recently modified their holdings of APPN. State of Alaska Department of Revenue bought a new stake in Appian during the 3rd quarter valued at approximately $73,000. Argent Capital Management LLC purchased a new stake in Appian during the 3rd quarter valued at $517,000. Cim Investment Management Inc. raised its stake in shares of Appian by 7.4% in the second quarter. Cim Investment Management Inc. now owns 10,357 shares of the company’s stock valued at $237,000 after acquiring an additional 715 shares during the period. Integrated Wealth Concepts LLC bought a new stake in shares of Appian during the second quarter worth $63,000. Finally, IFP Advisors Inc lifted its stake in Appian by 35.5% in the second quarter. IFP Advisors Inc now owns 1,108 shares of the company’s stock worth $25,000 after acquiring an additional 290 shares during the period. 52.70% of the stock is currently owned by institutional investors.

About Appian

Appian Corporation develops a low-code platform designed to help organizations build, manage and automate business applications and workflows. Its platform combines process orchestration, data management, artificial intelligence, robotic process automation and case management capabilities, enabling businesses to connect information from multiple systems and coordinate complex operational processes.

Appian provides cloud-based and self-managed deployment options, along with consulting, implementation, training and support services.