Key Points
- CEO Matthew Calkins sold 45,000 Appian shares at an average price of $37.50, generating $1.69 million. The transaction, conducted under a pre-arranged Rule 10b5-1 plan, reduced his stake by 2.76% to 1.58 million shares.
- Appian shares opened at $38.66, with a market capitalization of $2.77 billion, after recently trading between $18.63 and $46.06. In its latest quarter, revenue rose 19.1% year over year to $203.26 million, exceeding analyst expectations.
- Analyst sentiment remains cautious: the stock has an average “Reduce” rating and a $31 consensus price target, despite some institutional investors increasing their holdings. Institutional investors own 52.7% of Appian.
Appian Corporation (NASDAQ:APPN - Get Free Report) CEO Matthew Calkins sold 45,000 shares of the business's stock in a transaction on Wednesday, October 7th. The stock was sold at an average price of $37.50, for a total transaction of $1,687,500.00. Following the completion of the sale, the chief executive officer owned 1,584,144 shares in the company, valued at $59,405,400. This represents a 2.76% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Appian Stock Up 2.4%
Appian stock opened at $38.66 on Friday. The company has a market cap of $2.77 billion, a price-to-earnings ratio of -257.72 and a beta of 0.92. The firm's fifty day moving average is $36.58 and its 200 day moving average is $27.83. Appian Corporation has a 52-week low of $18.63 and a 52-week high of $46.06.
Appian (NASDAQ:APPN - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.13 EPS for the quarter. Appian had a negative net margin of 1.34% and a negative return on equity of 35.20%. The business 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. On average, equities research analysts anticipate that Appian Corporation will post 0.45 earnings per share for the current fiscal year.
Institutional Trading of Appian
Institutional investors have recently added to or reduced their stakes in the company. RPD Fund Management LLC purchased a new position in shares of Appian during the first quarter valued at approximately $94,496,000. Lead Edge Capital Management LLC raised its holdings 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 worth $45,945,000 after buying an additional 296,845 shares during the period. Cinctive Capital Management LP lifted its stake in shares of Appian by 59.0% during the 4th quarter. Cinctive Capital Management LP now owns 295,603 shares of the company's stock worth $10,470,000 after acquiring an additional 109,682 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Appian during the 2nd quarter worth approximately $1,407,000. Finally, First Trust Advisors LP boosted its holdings in Appian by 16.9% during the 1st quarter. First Trust Advisors LP now owns 1,355,961 shares of the company's stock valued at $32,692,000 after acquiring an additional 196,021 shares during the period. Institutional investors own 52.70% of the company's stock.
Analyst Upgrades and Downgrades
APPN has been the subject of several recent research reports. Wall Street Zen upgraded Appian from a "buy" rating to a "strong-buy" rating in a research report on Saturday, September 12th. Morgan Stanley upped their price objective on Appian from $25.00 to $32.00 and gave the company an "equal weight" rating in a research report on Friday, August 7th. Zacks Research lowered Appian from a "strong-buy" rating to a "hold" rating in a research note on Tuesday. DA Davidson lifted their target price on Appian from $34.00 to $42.00 and gave the stock a "neutral" rating in a report on Friday, August 14th. Finally, Weiss Ratings raised Appian from a "sell (e+)" rating to a "sell (d-)" rating in a research report on Thursday, September 3rd. One research analyst has rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Reduce" and an average target price of $31.00.
Read Our Latest Stock Report on Appian
Appian Company Profile
(
Get Free Report)
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.
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