Key Points
- CEO Matthew Calkins sold 30,000 Appian shares for about $1.56 million at an average price of $51.98 under a pre-arranged Rule 10b5-1 plan. He retained 1,554,144 shares after the sale.
- Appian reported quarterly EPS of $0.51, beating the $0.33 consensus estimate, while revenue of $234.63 million topped forecasts and rose 25.5% year over year.
- Analyst views were mixed: recent firms raised price targets and some ratings, but MarketBeat’s consensus remained Hold, with an average target of $44.33.
Appian Corporation (NASDAQ:APPN - Get Free Report) CEO Matthew Calkins sold 30,000 shares of the business's stock in a transaction on Friday, November 6th. The shares were sold at an average price of $51.98, for a total value of $1,559,400.00. Following the completion of the sale, the chief executive officer owned 1,554,144 shares in the company, valued at $80,784,405.12. This represents a 1.89% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Appian Trading Down 0.9%
APPN opened at $51.15 on Tuesday. The stock's 50-day moving average price is $41.71 and its 200 day moving average price is $29.65. Appian Corporation has a 12-month low of $18.63 and a 12-month high of $56.38. The firm has a market cap of $3.66 billion, a price-to-earnings ratio of -639.38 and a beta of 0.84.
Appian (NASDAQ:APPN - Get Free Report) last released its earnings results on Thursday, November 5th. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.18. The company had revenue of $234.63 million during the quarter, compared to the consensus estimate of $216.94 million. Appian had a negative return on equity of 35.20% and a negative net margin of 1.34%. Appian's revenue was up 25.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.32 EPS. Appian has set its FY 2026 guidance at 1.200-1.240 EPS and its Q4 2026 guidance at 0.300-0.340 EPS. On average, research analysts forecast that Appian Corporation will post 0.46 earnings per share for the current year.
Institutional Investors Weigh In On Appian
A number of hedge funds have recently bought and sold shares of APPN. RPD Fund Management LLC acquired a new stake in Appian in the first quarter valued at approximately $94,496,000. Lead Edge Capital Management LLC lifted its stake in 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 acquiring an additional 296,845 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in Appian by 16.5% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,519,653 shares of the company's stock worth $36,639,000 after acquiring an additional 215,183 shares during the last quarter. First Trust Advisors LP grew 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 worth $32,692,000 after acquiring an additional 196,021 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in Appian by 21.5% during the 3rd quarter. Russell Investments Group Ltd. now owns 333,280 shares of the company's stock worth $11,764,000 after acquiring an additional 58,866 shares in the last quarter. Institutional investors and hedge funds own 52.70% of the company's stock.
Wall Street Analysts Forecast Growth
A number of brokerages recently weighed in on APPN. DA Davidson lifted their price objective on shares of Appian from $42.00 to $60.00 and gave the company a "neutral" rating in a report on Friday. Citigroup increased their target price on shares of Appian from $40.00 to $69.00 and gave the stock a "buy" rating in a report on Friday. Weiss Ratings raised shares of Appian from a "sell (e+)" rating to a "sell (d-)" rating in a research report on Thursday, September 3rd. William Blair raised shares of Appian from a "hold" rating to an "outperform" rating in a research report on Thursday. Finally, Zacks Research downgraded shares of Appian from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, October 6th. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Appian has an average rating of "Hold" and an average price target of $44.33.
View Our Latest Analysis on Appian
Appian Company Profile
(
Get Free Report)
Appian Corporation develops a low-code platform that helps organizations build and manage business applications and automate complex processes. Its offerings combine application development tools with capabilities for workflow automation, case management, robotic process automation, and process mining.
Founded in 1999 by Matt Calkins, Appian serves businesses and government organizations in a range of industries, including financial services, insurance, healthcare, life sciences, and the public sector.
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