Appian (NASDAQ:APPN) Stock Price Up 7.6% – Should You Buy?

Appian Corporation (NASDAQ:APPN) was up 7.6% during trading on Thursday. The stock traded as high as $39.98 and last traded at $41.39. Approximately 53,524 shares traded hands during mid-day trading, a decline of 94% from the average daily volume of 942,160 shares. The stock had previously closed at $38.45.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. DA Davidson upped their price target on shares of Appian from $34.00 to $42.00 and gave the company a “neutral” rating in a report on Friday, August 14th. Morgan Stanley raised their price target on shares of Appian from $25.00 to $32.00 and gave the stock an “equal weight” rating in a report on Friday, August 7th. Wall Street Zen lowered shares of Appian from a “strong-buy” rating to a “buy” rating in a report on Saturday. Zacks Research cut shares of Appian from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 6th. Finally, Citigroup boosted their price objective on shares of Appian from $37.00 to $40.00 and gave the company a “buy” rating in a research report on Friday, August 7th. One equities research analyst has rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus target price of $32.17.

Appian Price Performance

The company has a 50 day moving average of $37.84 and a two-hundred day moving average of $28.47. The company has a market capitalization of $2.95 billion, a PE ratio of -274.45 and a beta of 0.92.

Appian (NASDAQ:APPN) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.13 earnings per share 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 for the quarter, compared to analysts’ expectations of $193.38 million. The company’s revenue for the quarter 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. On average, equities analysts anticipate that Appian Corporation will post 0.45 EPS for the current year.

Insider Buying and Selling at Appian

In other news, CEO Matthew Calkins sold 45,000 shares of Appian stock in a transaction dated Wednesday, October 7th. The stock was sold at an average price of $37.50, for a total value of $1,687,500.00. Following the completion of the transaction, the chief executive officer owned 1,584,144 shares of the company’s stock, valued at $59,405,400. The trade was a 2.76% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available 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

Institutional investors have recently bought and sold shares of the company. IFP Advisors Inc increased its holdings in shares of Appian by 35.5% in the 2nd quarter. IFP Advisors Inc now owns 1,108 shares of the company’s stock worth $25,000 after purchasing an additional 290 shares in the last quarter. KBC Group NV purchased a new stake in shares of Appian during the 1st quarter valued at about $31,000. State of Alaska Department of Revenue purchased a new stake in shares of Appian during the 3rd quarter valued at about $73,000. Allworth Financial LP boosted its holdings in shares of Appian by 15.0% during the 2nd 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 last quarter. Finally, Integrated Wealth Concepts LLC bought a new stake in shares of Appian in the second quarter worth approximately $63,000. 52.70% of the stock is owned by hedge funds and other institutional investors.

Appian Company Profile

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.