Appian Corporation (NASDAQ:APPN) Stock Has Consensus Price Target of $32.17 According to Brokerages

Shares of Appian Corporation (NASDAQ:APPN) have earned a consensus recommendation of “Reduce” from the seven ratings firms that are presently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, four have given a hold recommendation and one has given a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $32.17.

APPN has been the topic of a number of analyst reports. Zacks Research cut shares of Appian from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 6th. DA Davidson increased their target price on shares of Appian from $34.00 to $42.00 and gave the company a “neutral” rating in a research note on Friday, August 14th. Citigroup raised their target price on shares of Appian from $37.00 to $40.00 and gave the stock a “buy” rating in a report on Friday, August 7th. Wall Street Zen cut shares of Appian from a “strong-buy” rating to a “buy” rating in a research note on Saturday, October 17th. Finally, Barclays lifted their price target on shares of Appian from $26.00 to $30.00 and gave the stock an “underweight” rating in a research note on Tuesday, October 13th.

Appian Stock Performance

APPN opened at $52.35 on Friday. The stock has a market capitalization of $3.75 billion, a price-to-earnings ratio of -348.98 and a beta of 0.92. The company has a fifty day moving average of $39.05 and a 200 day moving average of $29.30. Appian has a fifty-two week low of $18.63 and a fifty-two week high of $54.12.

Appian (NASDAQ:APPN) last posted its earnings results on Thursday, August 6th. The company reported $0.13 EPS for the quarter. Appian had a negative return on equity of 35.20% and a negative net margin of 1.34%. The firm had revenue of $203.26 million during the quarter, compared to the consensus estimate of $193.38 million. The firm’s quarterly 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 forecast that Appian will post 0.46 earnings per share for the current year.

Insider Activity at Appian

In other news, CEO Matthew Calkins sold 45,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 7th. The shares were sold at an average price of $37.50, for a total transaction of $1,687,500.00. Following the transaction, the chief executive officer directly owned 1,584,144 shares of the company’s stock, valued at approximately $59,405,400. This trade represents a 2.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 42.81% of the company’s stock.

Institutional Trading of Appian

A number of hedge funds have recently bought and sold shares of APPN. IFP Advisors Inc grew its stake in Appian by 35.5% during the 2nd quarter. IFP Advisors Inc now owns 1,108 shares of the company’s stock worth $25,000 after buying an additional 290 shares during the last quarter. Allworth Financial LP increased its position in 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 buying an additional 350 shares in the last quarter. Cim Investment Management Inc. raised its stake in Appian by 7.4% in the second quarter. Cim Investment Management Inc. now owns 10,357 shares of the company’s stock valued at $237,000 after buying an additional 715 shares during the last quarter. Sterling Capital Management LLC raised its stake in Appian by 820.0% in the third quarter. Sterling Capital Management LLC now owns 1,288 shares of the company’s stock valued at $45,000 after buying an additional 1,148 shares during the last quarter. Finally, KBC Group NV purchased a new stake in Appian in the first quarter valued at about $31,000. Hedge funds and other institutional investors own 52.70% of the company’s stock.

Appian Company Profile

Appian Corporation (NASDAQ: APPN) develops and provides a low-code platform designed to help organizations build, manage and automate business applications and processes. Its platform combines process orchestration, workflow automation, artificial intelligence, robotic process automation, case management and data management capabilities in a unified environment.

Appian’s software is used to improve operational efficiency, connect data and systems, and support applications such as customer service, compliance, supply chain management and government services.