Appian (NASDAQ:APPN) CRO Mark Dorsey Buys 5,227 Shares of Stock

Appian Corporation (NASDAQ:APPN) CRO Mark Dorsey acquired 5,227 shares of Appian stock in a transaction that occurred on Wednesday, May 13th. The stock was purchased at an average cost of $19.13 per share, for a total transaction of $99,992.51. Following the completion of the transaction, the executive directly owned 13,993 shares in the company, valued at $267,686.09. This trade represents a 59.63% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Appian Price Performance

Appian stock opened at $18.72 on Thursday. Appian Corporation has a 1-year low of $18.68 and a 1-year high of $46.06. The firm has a market capitalization of $1.38 billion, a P/E ratio of 1,873.87 and a beta of 0.88. The company’s 50-day moving average is $23.43 and its 200 day moving average is $29.86.

Appian (NASDAQ:APPN) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.08. Appian had a net margin of 0.12% and a negative return on equity of 26.12%. The company had revenue of $202.18 million for the quarter, compared to analyst estimates of $191.57 million. During the same period in the prior year, the company posted $0.13 EPS. The firm’s revenue for the quarter was up 21.5% on a year-over-year basis. Appian has set its FY 2026 guidance at 0.940-1.050 EPS and its Q2 2026 guidance at -0.020-0.020 EPS. Research analysts anticipate that Appian Corporation will post 0.38 earnings per share for the current fiscal year.

Analysts Set New Price Targets

APPN has been the subject of several research reports. Morgan Stanley reissued an “equal weight” rating and issued a $25.00 price objective (down from $41.00) on shares of Appian in a research report on Thursday, April 30th. UBS Group set a $25.00 price target on shares of Appian in a research note on Thursday, April 30th. TD Cowen dropped their price objective on Appian from $35.00 to $30.00 and set a “hold” rating on the stock in a research note on Friday, February 20th. Barclays increased their price objective on Appian from $21.00 to $23.00 and gave the stock an “underweight” rating in a research note on Friday, May 8th. Finally, Zacks Research raised Appian from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 22nd. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $27.50.

Institutional Investors Weigh In On Appian

Several hedge funds have recently modified their holdings of the business. Sei Investments Co. lifted its position in shares of Appian by 7.7% in the 1st quarter. Sei Investments Co. now owns 85,099 shares of the company’s stock worth $2,052,000 after purchasing an additional 6,057 shares during the period. State of Wyoming lifted its position in shares of Appian by 580.8% in the 1st quarter. State of Wyoming now owns 9,953 shares of the company’s stock worth $240,000 after purchasing an additional 8,491 shares during the period. First Trust Advisors LP lifted its position in shares of Appian by 16.9% in the 1st quarter. First Trust Advisors LP now owns 1,355,961 shares of the company’s stock worth $32,692,000 after purchasing an additional 196,021 shares during the period. KBC Group NV purchased a new stake in shares of Appian in the 1st quarter worth approximately $31,000. Finally, Hillsdale Investment Management Inc. lifted its position in Appian by 5,434.8% during the first quarter. Hillsdale Investment Management Inc. now owns 12,730 shares of the company’s stock valued at $307,000 after acquiring an additional 12,500 shares during the last quarter. Hedge funds and other institutional investors own 52.70% of the company’s stock.

About Appian

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.