Appian (NASDAQ:APPN) Price Target Raised to $42.00

Appian (NASDAQ:APPN) had its price target raised by analysts at DA Davidson from $34.00 to $42.00 in a report issued on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. DA Davidson’s target price would suggest a potential upside of 16.51% from the company’s current price.

Other analysts have also issued research reports about the stock. Weiss Ratings raised shares of Appian from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, August 6th. Barclays increased their target price on shares of Appian from $21.00 to $23.00 and gave the company an “underweight” rating in a research report on Friday, May 8th. Zacks Research upgraded shares of Appian from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 7th. TD Cowen lowered their price target on shares of Appian from $27.00 to $24.00 and set a “hold” rating on the stock in a report on Friday, May 15th. Finally, UBS Group set a $25.00 price objective on Appian in a research note on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $31.00.

Appian Price Performance

Shares of Appian stock opened at $36.05 on Friday. The firm has a market cap of $2.65 billion, a PE ratio of -238.84 and a beta of 0.85. Appian has a 1 year low of $18.63 and a 1 year high of $46.06. The stock has a fifty day moving average price of $25.54 and a 200-day moving average price of $24.50.

Appian (NASDAQ:APPN) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.13 earnings per share for the quarter. The company had revenue of $203.26 million for the quarter, compared to the consensus estimate of $193.38 million. Appian had a negative net margin of 1.34% and a negative return on equity of 35.20%. The firm’s revenue for the quarter 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. As a group, equities analysts anticipate that Appian will post 0.38 EPS for the current fiscal year.

Insider Activity at Appian

In other news, CEO Matthew W. Calkins sold 50,000 shares of Appian stock in a transaction on Tuesday, July 7th. The stock was sold at an average price of $24.72, for a total value of $1,236,000.00. Following the completion of the transaction, the chief executive officer directly owned 1,719,144 shares in the company, valued at approximately $42,497,239.68. The trade was a 2.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 42.81% of the stock is owned by insiders.

Institutional Trading of Appian

A number of institutional investors have recently added to or reduced their stakes in APPN. State of Wyoming boosted its stake in Appian by 55.0% in the 4th quarter. State of Wyoming now owns 1,462 shares of the company’s stock worth $52,000 after purchasing an additional 519 shares during the period. ProShare Advisors LLC increased its position in shares of Appian by 7.8% during the fourth quarter. ProShare Advisors LLC now owns 7,481 shares of the company’s stock valued at $265,000 after buying an additional 543 shares during the period. Legal & General Group Plc lifted its holdings in shares of Appian by 1.7% in the third quarter. Legal & General Group Plc now owns 37,730 shares of the company’s stock worth $1,153,000 after buying an additional 632 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Appian by 4.7% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 15,214 shares of the company’s stock worth $539,000 after buying an additional 681 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd purchased a new stake in shares of Appian in the fourth quarter worth about $30,000. Hedge funds and other institutional investors own 52.70% of the company’s stock.

About Appian

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.