Appian Corporation (NASDAQ:APPN) Stock Rated “Reduce” by Wall Street Analysts

Shares of Appian Corporation (NASDAQ:APPN) have received an average recommendation of “Reduce” from the seven ratings firms that are covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $32.17.

A number of equities research analysts recently weighed in on APPN shares. Morgan Stanley boosted their price objective on Appian from $25.00 to $32.00 and gave the stock an “equal weight” rating in a research report on Friday, August 7th. DA Davidson increased their target price on Appian from $34.00 to $42.00 and gave the company a “neutral” rating in a research report on Friday, August 14th. Weiss Ratings upgraded Appian from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, September 3rd. Citigroup lifted their price target on Appian from $37.00 to $40.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Finally, Barclays boosted their price target on Appian from $26.00 to $30.00 and gave the stock an “underweight” rating in a report on Tuesday.

Appian Price Performance

APPN stock traded down $2.65 during midday trading on Friday, reaching $41.17. The company had a trading volume of 1,884,576 shares, compared to its average volume of 818,856. Appian has a 1-year low of $18.63 and a 1-year high of $46.06. The stock has a 50 day moving average price of $37.84 and a 200-day moving average price of $28.47. The company has a market capitalization of $2.95 billion, a price-to-earnings ratio of -274.45 and a beta of 0.92.

Appian (NASDAQ:APPN) last released its earnings results 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 firm had revenue of $203.26 million during the quarter, compared to analysts’ expectations of $193.38 million. Appian’s revenue was up 19.1% compared to the same quarter last year. 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, research analysts anticipate that Appian will post 0.45 earnings per share for the current year.

Insider Activity at Appian

In other news, CEO Matthew Calkins sold 45,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 7th. The shares were sold at an average price of $37.50, for a total value of $1,687,500.00. Following the transaction, the chief executive officer owned 1,584,144 shares in the company, valued at approximately $59,405,400. The trade was a 2.76% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 42.81% of the stock is currently owned by corporate insiders.

Institutional Trading of Appian

Several hedge funds have recently modified their holdings of the stock. RPD Fund Management LLC acquired a new position in Appian during the first quarter worth $94,496,000. Lead Edge Capital Management LLC lifted its stake in shares of Appian by 18.5% in the first quarter. Lead Edge Capital Management LLC now owns 1,905,634 shares of the company’s stock valued at $45,945,000 after buying an additional 296,845 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of Appian by 16.5% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,519,653 shares of the company’s stock valued at $36,639,000 after buying an additional 215,183 shares during the last quarter. First Trust Advisors LP grew its holdings in shares of Appian by 16.9% during the first quarter. First Trust Advisors LP now owns 1,355,961 shares of the company’s stock valued at $32,692,000 after buying an additional 196,021 shares during the last quarter. Finally, Bank of America Corp DE grew its holdings in shares of Appian by 8.0% during the first quarter. Bank of America Corp DE now owns 176,566 shares of the company’s stock valued at $4,257,000 after buying an additional 13,129 shares during the last quarter. Institutional investors own 52.70% of the company’s stock.

Appian Company Profile

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.