Insider Selling: Appian (NASDAQ:APPN) CEO Sells $1,583,550.00 in Stock

Appian Corporation (NASDAQ:APPN) CEO Matthew Calkins sold 45,000 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer directly owned 1,629,144 shares of the company’s stock, valued at $57,329,577.36. The trade was a 2.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Appian Stock Up 2.0%

Shares of NASDAQ APPN opened at $34.76 on Friday. The business has a 50-day moving average price of $32.02 and a 200 day moving average price of $26.31. The stock has a market cap of $2.49 billion, a PE ratio of -231.72 and a beta of 0.94. Appian Corporation has a 52-week low of $18.63 and a 52-week high of $46.06.

Appian (NASDAQ:APPN) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.13 earnings per share for the quarter. The business had revenue of $203.26 million during the quarter, compared to the consensus estimate of $193.38 million. Appian had a negative return on equity of 35.20% and a negative net margin of 1.34%.The firm’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. Sell-side analysts anticipate that Appian Corporation will post 0.45 earnings per share for the current year.

Institutional Trading of Appian

Several hedge funds have recently modified their holdings of the business. Integrated Wealth Concepts LLC purchased a new stake in shares of Appian in the second quarter valued at approximately $63,000. IFP Advisors Inc raised its position in Appian by 35.5% in the second quarter. IFP Advisors Inc now owns 1,108 shares of the company’s stock worth $25,000 after acquiring an additional 290 shares in the last quarter. Allworth Financial LP lifted its holdings in Appian by 15.0% in the second quarter. Allworth Financial LP now owns 2,678 shares of the company’s stock valued at $61,000 after acquiring an additional 350 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Appian during the 2nd quarter worth $1,407,000. Finally, California State Teachers Retirement System boosted its position in shares of Appian by 2,204.5% during the 2nd quarter. California State Teachers Retirement System now owns 838,071 shares of the company’s stock worth $19,192,000 after purchasing an additional 801,704 shares in the last quarter. 52.70% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on APPN shares. Weiss Ratings upgraded Appian from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, September 3rd. Wall Street Zen raised Appian from a “buy” rating to a “strong-buy” rating in a report on Saturday. Zacks Research upgraded Appian from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 7th. DA Davidson upped their price objective on shares of Appian from $34.00 to $42.00 and gave the stock a “neutral” rating in a research report on Friday, August 14th. Finally, Citigroup raised 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. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Appian currently has an average rating of “Hold” and an average price target of $31.00.

Appian Company Profile

Appian Corporation develops enterprise software designed to help organizations build applications and automate business processes. Its low-code platform enables users to design, deploy and manage applications with limited traditional programming, supporting workflow automation, process orchestration, case management and business process improvement.

The Appian Platform combines application development tools with data management, artificial intelligence, robotic process automation and process-mining capabilities.