Appian Corporation (NASDAQ:APPN - Get Free Report) CEO Matthew Calkins sold 50,000 shares of the company's stock in a transaction dated Tuesday, July 7th. The shares were 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 of the company's stock, valued at $42,497,239.68. The trade was a 2.83% decrease in their ownership of the stock. 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.
Appian Stock Performance
NASDAQ APPN opened at $24.27 on Thursday. The stock has a market capitalization of $1.78 billion, a P/E ratio of 2,429.43 and a beta of 0.85. The business's fifty day moving average is $22.46 and its two-hundred day moving average is $25.46. Appian Corporation has a 1 year low of $18.63 and a 1 year high of $46.06.
Appian (NASDAQ:APPN - Get Free Report) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.27 earnings per share for the quarter, topping analysts' consensus estimates 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 analysts' expectations of $191.56 million. During the same quarter last year, the business posted $0.13 EPS. Appian's revenue 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 forecast that Appian Corporation will post 0.25 earnings per share for the current year.
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in APPN. Millennium Management LLC raised its position in shares of Appian by 18.9% in the 1st quarter. Millennium Management LLC now owns 302,720 shares of the company's stock valued at $8,721,000 after acquiring an additional 48,014 shares during the period. Goldman Sachs Group Inc. increased its holdings in shares of Appian by 2.2% in the first quarter. Goldman Sachs Group Inc. now owns 385,731 shares of the company's stock worth $11,113,000 after acquiring an additional 8,319 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Appian by 2.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 90,080 shares of the company's stock worth $2,595,000 after purchasing an additional 2,244 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Appian by 1.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 208,832 shares of the company's stock valued at $6,236,000 after purchasing an additional 3,954 shares in the last quarter. Finally, Invesco Ltd. lifted its stake in Appian by 34.7% in the second quarter. Invesco Ltd. now owns 32,343 shares of the company's stock valued at $966,000 after buying an additional 8,329 shares in the last quarter. Institutional investors and hedge funds own 52.70% of the company's stock.
Analysts Set New Price Targets
APPN has been the topic of a number of research reports. TD Cowen lowered their price objective on Appian from $27.00 to $24.00 and set a "hold" rating on the stock in a research report on Friday, May 15th. UBS Group set a $25.00 price objective on Appian in a research note on Thursday, April 30th. DA Davidson cut 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. Morgan Stanley reiterated an "equal weight" rating and set a $25.00 target price (down from $41.00) on shares of Appian in a research report on Thursday, April 30th. Finally, Barclays upped their price objective on shares of Appian from $21.00 to $23.00 and gave the stock an "underweight" rating in a research note on Friday, May 8th. One investment analyst has rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of "Reduce" and an average target price of $26.00.
Read Our Latest Stock Report on Appian
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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
