Appian (NASDAQ:APPN) Trading Down 5.7% – What’s Next?

Appian Corporation (NASDAQ:APPN) shares traded down 5.7% during trading on Tuesday . The company traded as low as $36.50 and last traded at $36.4370. Approximately 249,298 shares were traded during trading, a decline of 74% from the average session volume of 959,259 shares. The stock had previously closed at $38.62.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on APPN. Morgan Stanley increased their price objective on Appian from $25.00 to $32.00 and gave the company an “equal weight” rating in a report on Friday, August 7th. Citigroup lifted their target price on Appian from $37.00 to $40.00 and gave the stock a “buy” rating in a report on Friday, August 7th. Zacks Research upgraded shares of Appian from a “hold” rating to a “strong-buy” rating in a report on Friday, August 7th. Weiss Ratings raised shares of Appian from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, September 3rd. Finally, Wall Street Zen upgraded shares of Appian from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 12th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, three have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $31.00.

Appian Price Performance

The stock has a fifty day simple moving average of $34.07 and a 200-day simple moving average of $26.96. The company has a market capitalization of $2.72 billion, a price-to-earnings ratio of -253.05 and a beta of 0.94.

Appian (NASDAQ:APPN) last posted its earnings results 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 firm had revenue of $203.26 million during the quarter, compared to analyst estimates of $193.38 million. Appian’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. As a group, equities analysts expect that Appian Corporation will post 0.45 EPS for the current fiscal year.

Insider Activity at Appian

In related news, CEO Matthew Calkins sold 45,000 shares of Appian stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $35.19, for a total value of $1,583,550.00. Following the completion of the transaction, the chief executive officer owned 1,629,144 shares in the company, valued at $57,329,577.36. The trade was a 2.69% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 42.81% of the stock is owned by company insiders.

Institutional Trading of Appian

Institutional investors and hedge funds have recently made changes to their positions in the business. RPD Fund Management LLC purchased a new position in Appian during the first quarter valued at $94,496,000. Lead Edge Capital Management LLC increased its stake in shares of Appian by 18.5% during the first 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 in the last quarter. Cinctive Capital Management LP raised its position in shares of Appian by 59.0% during the 4th quarter. Cinctive Capital Management LP now owns 295,603 shares of the company’s stock worth $10,470,000 after purchasing an additional 109,682 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Appian during the 2nd quarter worth about $1,407,000. Finally, First Trust Advisors LP lifted its stake 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 buying an additional 196,021 shares in the last quarter. 52.70% of the stock is currently owned by hedge funds and other institutional investors.

About Appian

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.