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

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

Appian Stock Up 2.3%

Shares of APPN stock opened at $52.35 on Wednesday. The company has a market cap of $3.75 billion, a P/E ratio of -654.38 and a beta of 0.84. Appian Corporation has a 52 week low of $18.63 and a 52 week high of $56.38. The business has a 50 day moving average of $41.90 and a two-hundred day moving average of $29.77.

Appian (NASDAQ:APPN) last released its quarterly earnings data on Thursday, November 5th. The company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.18. Appian had a negative net margin of 0.72% and a negative return on equity of 43.13%. The business had revenue of $234.63 million for the quarter, compared to analysts’ expectations of $216.94 million. During the same quarter last year, the company earned $0.32 EPS. The company’s revenue for the quarter was up 25.5% compared to the same quarter last year. Appian has set its FY 2026 guidance at 1.200-1.240 EPS and its Q4 2026 guidance at 0.300-0.340 EPS. Analysts expect that Appian Corporation will post 0.51 EPS for the current fiscal year.

Hedge Funds Weigh In On Appian

A number of institutional investors have recently bought and sold shares of the stock. RPD Fund Management LLC purchased a new position in shares of Appian in the first quarter worth approximately $94,496,000. Lead Edge Capital Management LLC lifted its position in shares of Appian by 18.5% in the 1st quarter. Lead Edge Capital Management LLC now owns 1,905,634 shares of the company’s stock valued at $45,945,000 after acquiring an additional 296,845 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Appian in the 2nd quarter worth approximately $1,407,000. First Trust Advisors LP grew its position in Appian by 16.9% during 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 in the last quarter. Finally, Calamos Advisors LLC purchased a new position in Appian during the 3rd quarter worth approximately $2,037,000. Hedge funds and other institutional investors own 52.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Wall Street Zen lowered Appian from a “strong-buy” rating to a “buy” rating in a research note on Saturday, October 17th. DA Davidson boosted their price target on shares of Appian from $42.00 to $60.00 and gave the stock a “neutral” rating in a research report on Friday. William Blair raised shares of Appian from a “hold” rating to an “outperform” rating in a report on Thursday, November 5th. Barclays raised their price objective on shares of Appian from $26.00 to $30.00 and gave the company an “underweight” rating in a research report on Tuesday, October 13th. Finally, Morgan Stanley boosted their target price on shares of Appian from $25.00 to $32.00 and gave the stock an “equal weight” rating in a report on Friday, August 7th. Two research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $44.33.

About Appian

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.