Appian (NASDAQ:APPN) CEO Matthew Calkins Sells 30,000 Shares of Stock

Appian Corporation (NASDAQ:APPN) CEO Matthew Calkins sold 30,000 shares of the company’s stock in a transaction dated Friday, November 6th. The shares were sold at an average price of $51.98, for a total transaction of $1,559,400.00. Following the completion of the sale, the chief executive officer directly owned 1,554,144 shares of the company’s stock, valued at $80,784,405.12. This represents a 1.89% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Appian Price Performance

Shares of APPN stock opened at $51.15 on Tuesday. The firm’s 50-day moving average is $41.71 and its two-hundred day moving average is $29.65. Appian Corporation has a 12 month low of $18.63 and a 12 month high of $56.38. The company has a market capitalization of $3.66 billion, a PE ratio of -639.38 and a beta of 0.84.

Appian (NASDAQ:APPN) last posted 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. Appian had a negative net margin of 1.34% and a negative return on equity of 35.20%. The company had revenue of $234.63 million for the quarter, compared to analyst estimates of $216.94 million. During the same period in the previous year, the business posted $0.32 EPS. Appian’s revenue was up 25.5% on a year-over-year basis. Appian has set its FY 2026 guidance at 1.200-1.240 EPS and its Q4 2026 guidance at 0.300-0.340 EPS. Sell-side analysts forecast that Appian Corporation will post 0.46 EPS for the current year.

Institutional Investors Weigh In On Appian

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. RPD Fund Management LLC acquired a new position in shares of Appian in the 1st quarter worth approximately $94,496,000. Lead Edge Capital Management LLC boosted its position in shares of Appian by 18.5% during the 1st quarter. Lead Edge Capital Management LLC now owns 1,905,634 shares of the company’s stock worth $45,945,000 after purchasing an additional 296,845 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in shares of Appian by 16.5% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,519,653 shares of the company’s stock worth $36,639,000 after purchasing an additional 215,183 shares during the period. First Trust Advisors LP increased its holdings in Appian by 16.9% in the 1st quarter. First Trust Advisors LP now owns 1,355,961 shares of the company’s stock valued at $32,692,000 after purchasing an additional 196,021 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its holdings in Appian by 21.5% in the 3rd quarter. Russell Investments Group Ltd. now owns 333,280 shares of the company’s stock valued at $11,764,000 after purchasing an additional 58,866 shares during the last quarter. 52.70% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on APPN shares. Zacks Research lowered Appian from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 6th. Weiss Ratings raised Appian from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, September 3rd. Citigroup lifted their target price on Appian from $40.00 to $69.00 and gave the company a “buy” rating in a research report on Friday. TD Cowen upped their price target on Appian from $30.00 to $50.00 and gave the company a “hold” rating in a research note on Tuesday, November 3rd. Finally, Wall Street Zen lowered Appian from a “strong-buy” rating to a “buy” rating in a research note on Saturday, October 17th. Two analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $44.33.

Appian Company Profile

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.