Appian (NASDAQ:APPN) Sets New 1-Year Low – What’s Next?

Appian Corporation (NASDAQ:APPN) shares hit a new 52-week low on Thursday . The company traded as low as $21.77 and last traded at $24.0040, with a volume of 595541 shares trading hands. The stock had previously closed at $24.06.

Appian News Summary

Here are the key news stories impacting Appian this week:

• Positive Sentiment: Q4 beat and revenue growth — Appian reported $0.15 EPS vs. consensus ~$0.11 and revenue of $202.9M (≈22% YoY growth), beating estimates. This is the main driver of the rally. Appian Q4 Earnings Surpass Estimates
• Positive Sentiment: Raised guidance — Appian issued Q1 FY2026 EPS guidance of $0.160–0.200 (well above street) and FY2026 EPS of $0.820–0.960, plus higher revenue ranges, which materially improved forward expectations. Press Release / Guidance
• Positive Sentiment: Profitability and buyback — Coverage notes Appian has turned profitable and announced a $50M buyback, supporting EPS trajectory and signaling management confidence. Investors Reacting To Appian Turning Profitable
• Positive Sentiment: Operational highlights — Cloud subscription revenue grew ~18–19% YoY (Q4 and FY cloud subs), and management cited AI-driven upsell momentum and public sector gains in the outlook. Earnings Presentation
• Neutral Sentiment: Supporting materials — Multiple transcripts and deep-dive write-ups (earnings call, slide deck) are available for due diligence; these provide detail but are informational rather than market-moving by themselves. Earnings Call Transcript
• Neutral Sentiment: Short-interest data appears anomalous — Recent short-interest reports show “0” shares (likely a reporting glitch); no clear signal of a meaningful short squeeze or covering pressure. MarketBeat
• Neutral Sentiment: Volume and momentum — Trading volume has picked up versus the stock’s average, consistent with earnings-driven moves; monitor whether volume sustains. Seeking Alpha: Stock Reaction
• Negative Sentiment: Analyst downgrades/target cuts — TD Cowen lowered its target to $30 (hold) and Barclays cut to $21 (underweight); these trims indicate some analysts are taking a more cautious view despite the beat. Benzinga (TD Cowen) Benzinga (Barclays)

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Citigroup lowered their price objective on shares of Appian from $48.00 to $38.00 and set a “buy” rating on the stock in a research report on Friday. Morgan Stanley set a $41.00 price objective on Appian in a report on Friday. TD Cowen decreased their price objective on Appian from $35.00 to $30.00 and set a “hold” rating on the stock in a report on Friday. UBS Group set a $21.00 target price on Appian in a research note on Friday. Finally, DA Davidson set a $25.00 price target on shares of Appian in a research note on Friday. Two investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Appian has a consensus rating of “Hold” and a consensus target price of $30.00.

Appian Trading Up 2.4%

The firm has a fifty day moving average of $30.55 and a two-hundred day moving average of $32.35. The company has a market capitalization of $1.86 billion, a PE ratio of 2,514.00 and a beta of 0.90.

Appian (NASDAQ:APPN) last announced its quarterly earnings data on Thursday, February 19th. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.04. Appian had a negative return on equity of 11.98% and a net margin of 0.17%.The firm had revenue of $202.87 million during the quarter, compared to the consensus estimate of $189.33 million. The business’s revenue was up 21.7% compared to the same quarter last year. Appian has set its FY 2026 guidance at 0.820-0.960 EPS and its Q1 2026 guidance at 0.160-0.200 EPS. On average, equities analysts expect that Appian Corporation will post -0.28 EPS for the current fiscal year.

Institutional Investors Weigh In On Appian

Institutional investors and hedge funds have recently modified their holdings of the stock. State of Wyoming boosted its stake in shares of Appian by 55.0% during the 4th quarter. State of Wyoming now owns 1,462 shares of the company’s stock valued at $52,000 after purchasing an additional 519 shares in the last quarter. ProShare Advisors LLC boosted its position in Appian by 7.8% during the 4th quarter. ProShare Advisors LLC now owns 7,481 shares of the company’s stock valued at $265,000 after acquiring an additional 543 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Appian by 89.0% during the 2nd quarter. PNC Financial Services Group Inc. now owns 1,198 shares of the company’s stock worth $36,000 after acquiring an additional 564 shares during the period. EverSource Wealth Advisors LLC raised its position in shares of Appian by 282.5% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 811 shares of the company’s stock worth $25,000 after acquiring an additional 599 shares in the last quarter. Finally, Legal & General Group Plc lifted its stake in shares of Appian by 1.7% in the 3rd quarter. Legal & General Group Plc now owns 37,730 shares of the company’s stock valued at $1,153,000 after purchasing an additional 632 shares during the period. 52.70% of the stock is owned by hedge funds and other institutional investors.

Appian Company Profile

Appian Corporation is a global technology company specializing in low-code automation platforms designed to streamline business processes. Founded in 1999 by Matt Calkins, the company provides an integrated suite of tools that enables organizations to build enterprise applications and workflows rapidly with minimal hand coding. The platform combines process management, robotic process automation (RPA), artificial intelligence (AI) capabilities and data integration into a single environment, allowing businesses to accelerate digital transformation initiatives.

The core offering, the Appian Low-Code Platform, empowers users—ranging from professional developers to business analysts—to visually model, design and deploy applications that can automate complex operations, orchestrate tasks across systems, and deliver real-time analytics.