Key Points
- CEO Matthew Calkins sold 45,000 Appian shares for approximately $1.58 million at an average price of $35.19, reducing his stake by 2.69% under a pre-arranged Rule 10b5-1 trading plan.
- Appian reported quarterly revenue of $203.26 million, up 19.1% year over year and above analyst expectations of $193.38 million; it posted EPS of $0.13 but continues to have negative margins and return on equity.
- Analyst sentiment remains mixed, with a consensus “Hold” rating and $31 price target, while institutional investors own 52.7% of the company and several recently increased their positions.
Appian Corporation (NASDAQ:APPN - Get Free Report) CEO Matthew Calkins sold 45,000 shares of the company's stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $35.19, for a total value of $1,583,550.00. Following the completion of the transaction, the chief executive officer owned 1,629,144 shares in the company, valued at approximately $57,329,577.36. The trade was a 2.69% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Appian Trading Down 0.5%
Shares of NASDAQ APPN opened at $34.07 on Friday. The stock has a fifty day simple moving average of $31.81 and a two-hundred day simple moving average of $26.25. Appian Corporation has a 1-year low of $18.63 and a 1-year high of $46.06. The firm has a market cap of $2.44 billion, a price-to-earnings ratio of -227.12 and a beta of 0.94.
Appian (NASDAQ:APPN - Get Free Report) last issued its earnings results on Thursday, August 6th. The company reported $0.13 earnings per share (EPS) 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 for the quarter, compared to analyst estimates of $193.38 million. The firm's revenue 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. Analysts forecast that Appian Corporation will post 0.45 EPS for the current year.
Institutional Trading of Appian
A number of institutional investors have recently added to or reduced their stakes in APPN. Integrated Wealth Concepts LLC bought a new position in Appian in the 2nd quarter worth about $63,000. IFP Advisors Inc increased its position in shares of Appian by 35.5% during the second quarter. IFP Advisors Inc now owns 1,108 shares of the company's stock valued at $25,000 after buying an additional 290 shares during the period. Allworth Financial LP increased its position in shares of Appian by 15.0% during the second quarter. Allworth Financial LP now owns 2,678 shares of the company's stock valued at $61,000 after buying an additional 350 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Appian in the second quarter worth about $1,407,000. Finally, California State Teachers Retirement System lifted its holdings in shares of Appian by 2,204.5% in the second quarter. California State Teachers Retirement System now owns 838,071 shares of the company's stock worth $19,192,000 after buying an additional 801,704 shares in the last quarter. Hedge funds and other institutional investors own 52.70% of the company's stock.
Analysts Set New Price Targets
Several research firms have commented on APPN. Zacks Research raised shares of Appian from a "hold" rating to a "strong-buy" rating in a report on Friday, August 7th. Citigroup lifted their target price on shares of Appian from $37.00 to $40.00 and gave the stock a "buy" rating in a research note on Friday, August 7th. DA Davidson boosted their price target on shares of Appian from $34.00 to $42.00 and gave the company a "neutral" rating in a research report on Friday, August 14th. TD Cowen dropped their price target 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. Finally, Weiss Ratings raised shares of Appian from a "sell (e+)" rating to a "sell (d-)" rating in a report on Thursday, September 3rd. One investment 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 given a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $31.00.
Read Our Latest Research Report on APPN
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.
Further Reading
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