Key Points
- Appian CRO Mark Dorsey bought 5,227 shares on May 13 at an average price of $19.13, a purchase worth about $99,993. After the transaction, his holdings rose to 13,993 shares, a 59.63% increase in ownership.
- APPN shares were down 8.8% and opened at $18.72, near their 52-week low of $18.68. The stock remains well below its 50-day and 200-day moving averages.
- Appian beat quarterly expectations, reporting EPS of $0.27 versus the $0.19 consensus and revenue of $202.18 million, up 21.5% year over year. However, Wall Street’s overall view remains cautious, with a consensus rating of Hold and an average price target of $27.50.
Appian Corporation (NASDAQ:APPN - Get Free Report) CRO Mark Dorsey bought 5,227 shares of the stock in a transaction on Wednesday, May 13th. The stock was purchased at an average price of $19.13 per share, with a total value of $99,992.51. Following the completion of the purchase, the executive owned 13,993 shares of the company's stock, valued at $267,686.09. This represents a 59.63% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link.
Appian Stock Down 8.8%
Shares of APPN opened at $18.72 on Thursday. The company has a market cap of $1.38 billion, a price-to-earnings ratio of 1,873.87 and a beta of 0.88. Appian Corporation has a twelve month low of $18.68 and a twelve month high of $46.06. The company has a 50 day moving average of $23.43 and a two-hundred day moving average of $29.86.
Appian (NASDAQ:APPN - Get Free Report) last announced its earnings results on Thursday, May 7th. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.08. The company had revenue of $202.18 million during the quarter, compared to the consensus estimate of $191.57 million. Appian had a net margin of 0.12% and a negative return on equity of 26.12%. Appian's revenue was up 21.5% compared to the same quarter last year. During the same period last 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 expect that Appian Corporation will post 0.38 EPS for the current year.
Wall Street Analysts Forecast Growth
A number of research firms have issued reports on APPN. TD Cowen decreased their price target on shares of Appian from $35.00 to $30.00 and set a "hold" rating for the company in a report on Friday, February 20th. DA Davidson set a $25.00 price target on shares of Appian in a report on Friday, February 20th. Wall Street Zen cut shares of Appian from a "strong-buy" rating to a "buy" rating in a report on Friday, January 23rd. Zacks Research raised shares of Appian from a "hold" rating to a "strong-buy" rating in a report on Wednesday, April 22nd. Finally, Citigroup decreased their price target on shares of Appian from $38.00 to $37.00 and set a "buy" rating for the company in a report on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $27.50.
Get Our Latest Research Report on APPN
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Wolf Hill Capital Management LP increased its stake in shares of Appian by 298.1% in the third quarter. Wolf Hill Capital Management LP now owns 995,210 shares of the company's stock worth $30,424,000 after acquiring an additional 745,210 shares during the period. Vanguard Group Inc. increased its stake in shares of Appian by 13.0% in the third quarter. Vanguard Group Inc. now owns 5,935,948 shares of the company's stock worth $181,462,000 after acquiring an additional 681,643 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in shares of Appian by 86.9% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,291,124 shares of the company's stock worth $39,470,000 after acquiring an additional 600,336 shares during the period. Bank of America Corp DE increased its stake in shares of Appian by 182.7% in the second quarter. Bank of America Corp DE now owns 237,421 shares of the company's stock worth $7,089,000 after acquiring an additional 524,420 shares during the period. Finally, Caption Management LLC increased its stake in shares of Appian by 127.3% in the second quarter. Caption Management LLC now owns 80,472 shares of the company's stock worth $2,403,000 after acquiring an additional 375,758 shares during the period. Hedge funds and other institutional investors own 52.70% of the company's stock.
About Appian
(
Get Free Report)
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.
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